Proof of stake vs. delegated proof of stake: full guide

Abstract

Proof-of-Stake (PoS) consensus algorithms make blockchain networks more efficient by eliminating the energy-intensive computational mining process inherent in Proof-of-Work protocols. PoS algorithms incentivize users to confirm network data and ensure security through a process of collateral staking. An iteration of the concept known as Delegated Proof of Stake (DPoS) works similarly, but features a voting and delegation mechanism that makes the process more democratic. PoS algorithms power some of the most innovative and popular blockchains today, and may become the dominant consensus mechanism in blockchain moving forward.