Delegated Proof-Of-Stake

Delegated Proof-Of-Stake (DPOS in short) is the concensus protocol of the Steem blockchain. Vested token holders (Steem Power holder) elect 21 Witnesses to validate transactions and act as a form of digital democracy. Every vested token holder can exercise a degree of influence about what happens on the network.

Delegated Proof-Of-Stake(DPOS) Benefits

  • Stable level of decentralization
  • Higher transaction volume
  • Faster confirmation time
  • Energy efficient

Learn more: What is Delegated Proof of Stake Consensus? (DPoS) Complete Beginner’s Guide

Last Updated: 10/5/2018, 8:13:44 PM