Glossary

Delegated Proof of Stake (DPoS)

Delegated Proof of Stake (DPoS) is a consensus algorithm that assigns voting rights for the approval of transactions to users based on the amount of the corresponding virtual currency held in their accounts.

DPoS is an evolution of Proof of Stake (PoS), which grants the ability to approve transactions based on the amount of the corresponding currency held.

The difference is that DPoS has a function that selects users to vote on blocks. This can reduce the number of approvals needed for transactions and lead to high-speed transaction processing.