Delegated Proof-of-Stake (dPOS)

Von CoinGecko | Aktualisiert am Mar 03, 2020
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain. Members of the network vote for delegates through their holdings. Usually the highest voted delegates have the most power and tend to produce the most blocks and therefore rewards. Some protocols have built in mechanisms to balance it out. Overall, the delegated proof-of-stake system was built to counter the energy use and efficiency issues of the proof-of-work blockchain, at the cost of some degree of centralization.

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Verwandte Begriffe

Market Taker
Participant of the market who buys and sells from currently existing orders
Stop-loss order
Conditional market order to sell at the next available price, excuted if the price of an asset falls below set-upon limit
SHA-256
Abbreviation of "Secure Hashing Algoritm - 256", SHA-256 is part of the SHA2 that allows one-way hashing of any data into a 64 character string.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
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