dido:public:ra:xapend:xapend.k_consensus:02_mechanism:dpos
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dido:public:ra:xapend:xapend.k_consensus:02_mechanism:dpos [2021/07/27 13:02] murphy |
dido:public:ra:xapend:xapend.k_consensus:02_mechanism:dpos [2021/08/18 10:22] (current) murphy |
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| [[dido:public:ra:xapend:xapend.k_consensus:02_mechanism:start | Return to Consensus Mechanism ]] | [[dido:public:ra:xapend:xapend.k_consensus:02_mechanism:start | Return to Consensus Mechanism ]] | ||
| - | **Delegated Proof of Stake (DPoS)** is a mechanism where the participants stake their coin and vote for a certain number of delegates such that the more they invest, the more weightage they receive. For example: if user A spends 10 coins for a delegate and user B invests 5 coins, A’s vote gets more weightage than that of B. | + | **Delegated Proof of Stake (DPoS)** is a mechanism where the participants stake their coin and vote for a certain number of delegates such that the more they invest, the more weightage they receive. For example: if user A spends 10 [[dido:public:ra:xapend:xapend.a_glossary:c:coins|coins]] for a delegate and user B invests 5 coins, A’s vote gets more weightage than that of B. |
| - | The delegates also get rewarded in the form of transaction fees or a certain amount of coins. | + | The delegates also get rewarded in the form of -[[dido:public:ra:xapend:xapend.a_glossary:t:transaction_fees|transaction fees]] or a certain amount of coins. |
| Because of this stake-weighted voting mechanism, DPoS is one of the fastest [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] consensus models and is highly preferred as a digital democracy.[[dido:public:ra:xapend:xapend.k_consensus:09_ref:bhardwaj]] | Because of this stake-weighted voting mechanism, DPoS is one of the fastest [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] consensus models and is highly preferred as a digital democracy.[[dido:public:ra:xapend:xapend.k_consensus:09_ref:bhardwaj]] | ||
| - | **Delegated Proof of Stake (DPoS)** is the democratic version of the Proof of Stake consensus algorithm since it includes a voting process. Token holders vote in real-time for witnesses and delegates. They then become responsible for validating transactions and keeping their nodes continuously running to maintain the blockchain. | + | **Delegated Proof of Stake (DPoS)** is the democratic version of the [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos|Proof of Stake]] [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_algorithm|consensus algorithm]] since it includes a voting process. Token holders vote in real-time for witnesses and delegates. They then become responsible for validating transactions and keeping their nodes continuously running to maintain the blockchain. |
| Witnesses are paid for their role in generating and adding blocks to the blockchain. And, as in any democracy, they need a solid reputation to maintain their popularity across token holders. Delegates, on the other hand, are responsible for maintaining the blockchain. | Witnesses are paid for their role in generating and adding blocks to the blockchain. And, as in any democracy, they need a solid reputation to maintain their popularity across token holders. Delegates, on the other hand, are responsible for maintaining the blockchain. | ||
dido/public/ra/xapend/xapend.k_consensus/02_mechanism/dpos.1627405347.txt.gz · Last modified: 2021/07/27 13:02 by murphy
