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What is DPoS (Delegated Proof of Stake)?
Crypto Glossary Definition
Invented by Daniel Larimer, it is an alternative consensus mechanism to Proof of Work. A cryptocurrency that uses DPoS votes for a 'witnesses' to secure their computer network. Coin holders vote for 'delegates', who are then responsible for validating transactions and maintaining the blockchain. It's used as a consensus mechanism in various cryptocurrencies such as BitShares, Lisk, EOS, Tezos, Ark, Nano and Cardano.
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