Delegated Proof of Stake (DPoS)

    Delegated Proof of Stake (DPoS), like the widely used Proof-of-Stake (PoS) system, incentivizes users to confirm network data and ensure system security by staking collateral. The voting and delegation structure, on the other hand, distinguishes DPoS. In contrast to PoS, where nodes are typically granted the ability to process new blocks solely based on the total amount staked by each node, the DPoS system allows users to delegate their own stake to a node of their choice (known as a delegate) and vote for the nodes to earn block validation access. After verifying the transactions in a block, elected validators receive block rewards, which are then shared with the users who delegated them as validators.