Delegation is the transfer of some amount of a cryptocurrency or token to another user in exchange for participation in a network staking mechanism on a blockchain protocol that uses delegated proof-of-stake (DPoS). It is beneficial to users who want to earn staking rewards and participate in a network but do not have a sufficient crypto supply to meet the minimum staking requirements on their own. Through delegation mechanisms, DPoS intends to achieve a high level of equity and democratization.
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