DPOS

Delegated Proof of Stake (DPoS) is a blockchain consensus mechanism where token holders vote to select a small group of trusted delegates or witnesses to validate transactions and create new blocks. This system aims to improve efficiency and speed compared to traditional proof-of-work methods. Token holders influence the network’s operations indirectly by choosing delegates, who are responsible for maintaining the blockchain. DPoS balances decentralization with performance, allowing for quick transaction processing while still reflecting the community’s preferences through voting.