Delegated Proof of Stake (DPoS) is a consensus algorithm developed to secure a blockchain by ensuring representation of transactions within it. It is an implementation of technology-based democracy, using voting and election process to protect the blockchain from centralization and malicious usage.
Holders of the cryptocurrency of that particular Blockchain have the chance to vote for a delegate they trust with validating the transactions on that Blockchain. The voting process is continuous therefore delegates are incentivized to keep a high standard of their work at all times and not cheat.
Download PDF Version