November 1, 2019 By blockchainzoo

Delegated Proof of Stake can be thought of as representative democracy. Token holders vote on a representative who then validates the network for them. DPoS chains have fewer validators what increases efficacy at the cost of increased centralization.

Delegated Proof of Stake

DPoS can be compared to the representative democracy – participants vote on a trusted representative, called a delegate, to secure the network on their behalf. Users can theoretically replace “bad delegates” if they act against the majority consensus.