Delegated Proof of Stake
Token holders vote to elect a small fixed set of block producers (e.g. 21) who take turns producing blocks in rounds, trading validator-set decentralization for high throughput and fast confirmation. Cartel formation and voter apathy are its characteristic failure modes.
This Concept is waiting for its first lesson!
Token holders vote to elect a small fixed set of block producers (e.g. 21) who take turns producing blocks in rounds, trading validator-set decentralization for high throughput and fast confirmation. Cartel formation and voter apathy are its characteristic failure modes.
Are you a teacher? Sign in to start contributing.
Sign In