Delegated Proof of Stake (DPoS)

Delegated Proof of Stake (DPoS) is the basis for supporting the Hash Ahead consensus mechanism. This is because compared to Proof-of-Work (POW) and Proof-of-Stake (POS) architectures, Hash Ahead is safer, less expensive, and more conducive to implementing new expansion solutions.

What is Delegated Proof of Stake?

DPoS is the abbreviation of Delegated Proof of Stake, which is a consensus algorithm based on Proof of Stake. The basic idea of DPoS is to entrust the holders of rights and interests (tokens) to some representative nodes, and the representative nodes jointly maintain the operation and security of the entire network. These representative nodes will be elected according to their own capabilities and contributions, and the selected representative nodes can receive certain rewards.

Compared with the PoW (Proof of Work) algorithm, the advantages of the DPoS algorithm are:

• Can avoid computing power waste. In the PoW algorithm, a large amount of computing power is wasted in the process of "competing to produce blocks", while in the DPoS algorithm, the election of nodes and block production are determined by the votes of coin holders, so the computing power is fully utilized. No waste.

• Can increase transaction speed. Since the number of representative nodes in the DPoS algorithm is relatively small, the speed of block generation can be faster, and the transaction speed of the network can also be faster.

• It can improve the degree of decentralization of the network. In the DPoS algorithm, the representative node can be freely selected and voted by the currency holders, so the control of the network can be more decentralized and the degree of decentralization can be higher.

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