Delegated Proof of Stake (DPoS)

DPoS is a consensus mechanism where token holders vote to elect a small group of delegates or witnesses who are responsible for validating transactions and securing the blockchain. This model is designed to improve scalability and efficiency while maintaining decentralization. DPoS networks can process transactions faster than traditional PoS or PoW networks because only a few selected nodes need to reach consensus. However, DPoS has been criticized for potentially leading to centralization if a small group of powerful stakeholders consistently controls the vote. EOS and TRON are examples of blockchains using DPoS.