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Delegated Proof of Stake

Referring to a consensus algorithm, a Delegated Proof of Stake (DPoS), is seen by a number of traders in the crypto trading community as a better version of the Proof-of-Stake (PoS) mechanism. This is so as that it is more efficient and democratic. 

Much like the PoS, the DPoS is an alternative to the Proof of Work consensus algorithm. This is the case as a PoW system requires a number of external resources. The PoW makes use of a great amount of computational work so that an immutable, decentralized and transparent distributed ledger may be secured. 

Both the PoS and DPoS, as alternatives require fewer resources and are seen to be more sustainable and altogether eco-friendly.

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