Delegated Proof Of Stake
Delegated Proof of Stake (DPoS) is a consensus mechanism used in blockchain networks to enhance transaction speed and efficiency. In DPoS, token holders vote for a small number of delegates who are responsible for validating transactions and maintaining the network. This system reduces the number of nodes involved in the consensus process, allowing for quicker block creation and improved scalability.
The voting power in DPoS is proportional to the number of tokens held, meaning that those with more tokens have a greater influence on the selection of delegates. This approach aims to balance decentralization with performance, making it a popular choice for various blockchain projects.