Friday, October 22, 2021
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Delegated Proof of Stake (dPoS)

What does Delegated Proof of Stake (dPoS) mean? Delegated proof of stake has two types of nodes: Witnesses, those that confirm the transactions and are paid fees, and Delegates who make decisions about the transaction fees, block times and size amongst other things. Both of these node types are elected by majority vote.

Pros:

  • The Witnesses and the Delegates are elected separately potentially solving conflicts of interest
  • Adaptable. The parameters of the blockchain can be changed quickly depending on the needs of the users

Cons:

  • Difficult to have a high participation rate in the voting process when users must remain constantly informed on the blockchain and the behaviors of their witnesses and delegates.
  • Frequent parameter changes may turn away users looking for stability.

Cryptos that use dPoS

  • BitShares

TL;DRdPoS allows users to elect Witnesses who process transactions and Delegates who decide on the rules

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