Delegated Proof of Stake

Delegated Proof of Stake (DPoS) is a consensus mechanism used in blockchain networks to validate transactions efficiently. Token holders vote to select a small group of trusted representatives, called delegates or witnesses, who are responsible for creating new blocks and verifying transactions. This system combines stakeholder voting with a streamlined process, enabling faster and more scalable decision-making compared to traditional methods. DPoS aims to maintain decentralization while improving transaction speed, making it suitable for decentralized applications that require quick processing and reliable security.