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Delegated Proof of Stake (DPoS)

A consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy.

Delegated Proof of Stake (DPoS) is a method of securing a cryptocurrency's network to achieve distributed consensus. It is a more democratic form of the proof of stake consensus algorithm, where holders of the cryptocurrency vote for "witnesses" to secure the network and validate transactions.

Example:

Using DPoS in a blockchain network such as EOS.

Category:

Blockchain and Technology
Crypto Basics
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