What is Delegated Proof of Stake?


#1

Recently during our article where we reviewed how Binance DEX will work, we briefly touched on different consensus algorithms and discussed what could be the most likely set up for Binance Chain. For cryptocurrencies, the consensus algorithms are an integral part of every blockchain network, it is the way that they ensure every transaction made is verified and secured. So you could definitely argue it is the most important part of a blockchain network, as it is responsible for maintaining the integrity and security of these distributed systems.


This is a companion discussion topic for the original entry at https://blog.saturn.network/what-is-delegated-proof-of-stake/

#2

I consider PoW secure due to its waste of electricity, as in you have to burn energy to solve a crypto puzzle. It is like a digital scarcity that is secured by the laws of physics, in order to create something virtual you have to destroy something in the real world(energy). This is a component that PoS or DPoS just does not have.