DPoS: Enhancing Blockchain with Democracy & Speed
In A Nutshell Delegated Proof-of-Stake (DPoS) marks a significant evolution in the sphere of blockchain consensus mechanisms, introduced by Daniel Larimer in 2014. Designed to enhance scalability, efficiency, and democratic governance, DPoS differentiates itself from traditional Proof-of-Stake (PoS) by instituting a voting system that elects delegates to carry out the task of block validation. This…