How does Delegated Proof of Stake (DPoS) differ from other consensus algorithms? Find out here 👇
While PoW systems rely on external investments , a Proof of Stake blockchain is secured through an internal investment .
A DPoS-based blockchain counts with a voting system where stakeholders outsource their work to a third-party. In other words, they are able to vote for a few delegates that will secure the network on their behalf. The delegates may also be referred to as witnesses and they are responsible for achieving consensus during the generation and validation of new blocks. The voting power is proportional to the number of coins each user holds.
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