28 Oct 2021, 11:24
Instead, Tezos holders can participate in the development of the Protocol through the Delegated Proof of Stake (DPoS), which should not be confused with those of EOS, Tron or Lisk because it functions completely differently. This process is known as on-chain governance and is intended to prevent hard forks.The platform has been designed on DPoS (Delegated proof of work) algos, initially crafted by BitShares. You can as well call it a different level of PoS Blockchain to rank in Top 101 delegates as it forges and secures network actively and continually. Here is how you can use Lisk conveniently and efficiently –The Delegated Proof of Stake (DPoS) consensus algorithm was developed by Daniel Larimer, in 2014. Bitshares, Steem, Ark, and Lisk are some of the cryptocurrency projects that make use of DPoS consensus algorithm. A DPoS-based blockchain counts with a voting system where stakeholders outsource their work to a third-party.
This system works because it is able to flush out bad actors and at the same time recognize new valuable members. The system is dependent upon active voters in the community, so educating new members about how the system works is essential to the well-being of the system.
Dpos lisk download
Dpos lisk best