Delegated Proof of Stake (DPoS) is a consensus mechanism used in blockchain networks to achieve agreement on the state of the network. In DPoS, token holders are able to vote for delegates who are responsible for validating transactions and creating new blocks. These delegates are typically a limited number of trusted nodes or individuals chosen by the community.
Once the delegates are chosen, they take turns producing blocks in a round-robin fashion. They are rewarded for their work and can be voted out if they act against the interests of the network. This system aims to achieve faster transaction speeds and higher throughput compared to other consensus mechanisms like Proof of Work.
Overall, in DPoS, token holders have the power to elect delegates who are responsible for securing the network and maintaining consensus, making it a more efficient and scalable solution for blockchain networks.
