Delegated Proof-of-Stake
Delegated Proof-of-Stake is a consensus model where token holders vote for a limited number of delegates to validate transactions on their behalf. This approach is designed to increase transaction throughput and scalability compared to traditional Proof-of-Stake models.
By electing a smaller group of high-performance nodes, the network can reach consensus much faster. The delegates are held accountable through the voting process, as token holders can remove their support if the delegates fail to perform or act maliciously.
This creates a representative form of governance that balances decentralization with efficiency. While it is faster, it is often criticized for being more susceptible to centralization due to the concentration of power in a small number of delegates.
It remains a popular choice for high-speed blockchain applications.