Delegated Proof of Stake (DPoS) is a consensus mechanism where token holders vote for a select group of delegates or witnesses to validate transactions and maintain the blockchain. These elected delegates are responsible for producing new blocks and securing the network. DPoS systems aim to achieve faster transaction speeds and greater scalability compared to traditional Proof of Stake.
Context
DPoS protocols are frequently discussed in crypto news regarding their governance structures and efficiency benefits for high-throughput applications. Concerns often arise around centralization, as a smaller number of delegates hold significant power in network operations. The effectiveness of delegate selection and the overall security posture of DPoS networks are continuous topics of evaluation within the blockchain community.
DPoS consensus decentralizes Layer 2 sequencers, replacing single points of failure with an elected committee and FCFS ordering for transaction fairness.
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