Delegated Proof of Stake (DPoS)
Also known as: DPoS, Delegated Staking Consensus, Validator Election Model
A consensus mechanism where token holders vote for a limited set of validators to produce blocks on their behalf.
Delegated Proof of Stake (DPoS) is a consensus algorithm that enhances scalability and governance by allowing token holders to delegate their voting power to a small group of elected validators, or 'delegates'. These validators are responsible for producing blocks and securing the network. DPoS aims to balance efficiency with decentralization and is used in blockchains like EOS, TRON, and Avalanche (Subnet version). While faster than traditional PoS, DPoS can concentrate power and lead to validator cartels without strong community oversight and regular elections.