Post
Topic
Board Altcoin Discussion
Re: How many DPOS coin do you know?
by
OnzCoin.com
on 01/02/2018, 04:39:26 UTC
It could be a great idea of explaining what DPOS means for people that hear about it for the first time.

Delegated Proof-of-Stake (DPoS) is an alternative consensus mechanism that requires coin holders to vote for “delegates”

In DPoS, coin owner vote what are known as delegates. Delegates are responsible and rewarded for forging blocks which are then added to the blockchain. Coin owner can vote for a specific number of delegates (defined by blockchain), for example, each Lisk address can vote for up to 101 delegates and the top 101 delegates are able to forge new coins.

In my opinions, the "hodl" value of DPOS coins are better than other coins, because coins owner will keep it for vote swap or voting sharing pool for earning daily/weekly rewards.