Delegated proof of stake (DPOS) is a family of consensus mechanisms for blockchain networks. It makes use of witnesses or leaders, often referred to as "delegates", who have approval voting ability to resolve consensus issues. DPOS was created by Dan Larimer in 2013 for implementation in the Bitshares blockchain.
One advantage of DPOS is that it does away with the need to wait until a number of "untrusted" nodes have verified a transaction before it can be confirmed. Thus, this layer of technological democracy offsets the negative effect of centralization.
Delegated proof of stake has been criticized for having increased centralization due to the concentration of power among the leaders or witnesses in the system.
Currently, no events have been added to this timeline yet.
Be the first one to add some.
Delegated Proof-of-Stake (DPOS)
Documentaries, videos and podcasts
No infobox has been created on this topic. Be the first to add one.
- Proof-of-stakeProof-of-stake (PoS) is a system by which a network (e.g., a cryptocurrency blockchain) aims to achieve distributed consensus.
- BitSharesBitshares is a decentralized exchange designed for trading of cryptocurrencies utilizing a delegated proof of stake consensus.
- EOS (cryptocurrency)EOS is a smart contract blockchain for building decentralized applications. The EOS blockchain is currently still in development led by Dan Larimer.
- LiskLisk is a peer-to-peer blockchain platform for the development of decentralized applications. It utilizes a delegated-proof-of-stake consensus and uses sidechains to run each decentralized app.
- Ark (blockchain)Ark is cryptocurrency designed to connect all blockchains of every cryptocurrency in the world.
- Show More