Delegated Proof-of-Stake (dPOS)

Od użytkownika CoinGecko | Data aktualizacji 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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Hasła pokrewne

Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Liquidity
How easily a cryptocurrency can be bought and sold without impacting the overall market price.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
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