Delegated Proof of Stake (DPoS) - News, Opinion & Analysis

Delegated Proof of Stake (DPoS)

20 Articles 5 Followers

Delegated Proof of Stake (DPoS) is a type of consensus algorithm considered by many to be a more efficient and democratic version of the PoS algorithm. It’s also an alternative to the energy intensive proof of work (PoW) consensus algorithm.

DPoS was developed and created by Dan Larimer, an American software developer and founder of cryptocurrency projects BitShares, Steem, and EOS. The first implementation of DPoS was on BitShares in 2013 and has since been implemented on Steem, Lisk, Nano, Ark, or Tezos.

Unlike PoS which uses validators that stake tokens and gain voting power to achieve consensus, DPoS achieves consensus by both real-time voting combined with a social system of reputation. This model is said to make DPoS the most decentralized consensus protocol compared to all others because every token holder can exercise a degree of influence over the network. 

In other words, stakers in the system outsource their work to a few delegates that secure the network on their behalf. These delegates are voted in by stakeholders and the larger the stake, the more voting power a staker has. Trustworthy delegates who have a good reputation and value proposal get elected and if an elected delegate/node misbehaves or is inefficient, it is quickly replaced by another. 

As for advantages of DPoS blockchains, they are more scalable and able to process more transactions per second than PoW and PoS blockchains. Other advantages include savings on energy costs and more decentralization. As for disadvantages, sufficient decentralization can never be achieved if the blockchain hopes to highly scalable. There must be a balance between the number of block producers and the scalability of the network.

How Brave raised my Hive account

24 Aug 2020 1 minute read 6 comments Ykretz

Hello, today I'll show you how I past from *Red fish* to *Minnow* on blockchain Hive thanks to brave. I'm on Hive since a month after the steem hard fork. From this day my account value was around $50. My vote value was between $0.001 and $0.002 at 1...

What is staking?

24 Jun 2020 2 minute read 1 comment Kluma

What is staking? Staking (from the English stake - “rate”, “part of the profit”) - receiving passive income from cryptocurrencies on the PoS algorithm and its variations. The essence of the process is to keep coins in your wallet to obtain the right...

Aelf Concept Understanding Know-How Explaination

18 May 2020 5 minute read 3 comments

We are going to diving deeper to understand the distributed blockchain-based cloud computing network. The Problem Solver in the industry of blockchain to meet the sustainable levels to achieve mainstream adoption in the commercial models. Aelf blockc...

Is posting on Hive the easiest way to earn cryptocurrency?

18 May 2020 3 minute read 5 comments belemo

Coming to terms with the changes in technology, and how it crisscrosses with value can sometimes be tedious, to say the least. Cryptocurrencies, for example, have seamlessly absorbed the idea of value by incorporating these tokens into blockchains t...

Bible spam update: Payouts are now being declined

21 Apr 2020 1 minute read 0 comments Solominer

I wrote a post last week talking about how the bible spam is being monetized on Hive. One of the bible spam accounts was upvoting each other giving around .25c per comment, dozens of times a day. Well since mentioning this user, I got a reply back....

Top Things You Should Know About Tezos (XTZ)

14 Apr 2020 12 minute read 10 comments MuyAsk

Hey guys :) Today I’ve got a really great article for you. A comprehensive list of questions and answers that lay everything out on the line about everyone’s favorite staking coin – Tezos (XTZ).  If you don’t know much about Tezos and want to underst...

Steemit an interesting case of first generation blockchain-based social media

1 Apr 2020 3 minute read 20 comments ankarlie

Steemit had the unique advantage of being the first mover in the space but has failed so miserably to stand up why a decentralized social media was created in the first place. The recent change of management of Steemit vividly showed this. Instead of...

Feeling Like Starting From Square One... I Woke With A Desire To Write About The STEEMing HIVE Situation

28 Mar 2020 4 minute read 0 comments d00k13

Just Writing From The Heart As Always My Opinion And Concerns, Thoughts And Hopes, Worries And Desires, Writings and Ramblings, Are My Own And Not To Be Considered Anything More     Feeling Like Starting From Square One... It is not completely true...

Today In The Telegram - Running Soon/WLS Community/Onboarding/Front-End Mirror (UPDATED)

15 Mar 2020 1 minute read 0 comments d00k13

As we should all be used to by now’s front end is down due to server issues, again. Frustrating to say the least but the boss is on it so all we can do is wait... or is it? Seems WLS was brought up in discussion, something about community t...

When All Looks Lost, Just Do You! - D00k13 Digest

12 Mar 2020 1 minute read 0 comments d00k13

What up my Peeps, welcome to the @D00k13 Digest! We had quite the morning and events still seem to be evolving. Starting off with a little run down of how things evolved to this point I discuss a little about what we can be doing in the meantime. C...