Difference between revisions of "DPoS"

From Minter Wiki
(Initial English Release)
 
Line 1: Line 1:
 
[[ru:DPoS]]
 
[[ru:DPoS]]
''DPoS''' (Delegated proof-of-stake) is an algorithm for achieving [[consensus]] in a decentralized environment. It is an alternative to [[PoW]] (e.g. Bitcoin) and [[PoS]] (e.g. Peercoin) consensus algorithms. DPoS was developed in 2014 as part of the Graphene project.
+
'''DPoS''' (Delegated proof-of-stake) is an algorithm for achieving [[Minter Consensus|consensus]] in a decentralized environment. It is an alternative to [[PoW]] (e.g. Bitcoin) and [[PoS]] (e.g. Peercoin) consensus algorithms. DPoS was developed in 2014 as part of the Graphene project.
  
DPoS Basic Operating Principle is to separate voting and validating participants. Network members, who have voting rights([[delegator]]s), are not the ones creating blocks ([[validator]]s). Delegators trust validators by delegating their coins to them, essentially voting with their [[stake]] in favour of a validator.  
+
DPoS Basic Operating Principle is to separate voting and validating participants. Network members, who have voting rights ([[delegator]]s), are not the ones creating blocks ([[validator]]s). Delegators trust validators by delegating their coins to them, essentially voting with their [[stake]] in favour of a validator.  
  
Validators themselves have zero voting power. Their voting strenth is directly dependent on the stake of delegators, who have trusted them with their coins.
+
Validators themselves have zero voting power. Their voting strength is directly dependent on the stake of delegators, who have trusted them with their coins.
  
== See also ==
+
==See also==
* [[What is Minter]]
+
 
* [[Delegation]]
+
*[[What is Minter]]
* [[How to delegate coins]]
+
*[[Delegation]]
* [[How to choose a validator]]
+
*[[How to delegate coins]]
 +
*[[How to choose a validator]]
  
 
[[Category: Terms]]
 
[[Category: Terms]]

Latest revision as of 23:42, 12 October 2019

DPoS (Delegated proof-of-stake) is an algorithm for achieving consensus in a decentralized environment. It is an alternative to PoW (e.g. Bitcoin) and PoS (e.g. Peercoin) consensus algorithms. DPoS was developed in 2014 as part of the Graphene project.

DPoS Basic Operating Principle is to separate voting and validating participants. Network members, who have voting rights (delegators), are not the ones creating blocks (validators). Delegators trust validators by delegating their coins to them, essentially voting with their stake in favour of a validator.

Validators themselves have zero voting power. Their voting strength is directly dependent on the stake of delegators, who have trusted them with their coins.

See also