What Is Delegated Proof of Stake (DPoS)?
Delegated proof of stake is a type of blockchain consensus protocol that allows users to spend their coins to vote for various delegates. Once these delegates have been elected, they’re able to make critical decisions that apply to the whole network. For instance, the elected delegates can set protocol rules or validate transactions.
In general, delegated proof of stake has proven to be the most effective consensus mechanism available, which has helped to ensure that blockchain protocol remains sustainable and scalable. This stake consensus is able to eliminate the mining process that consumes so much energy with proof of work protocols. The following guide takes a look at delegated proof of stake and the many benefits it provides as a consensus mechanism.