Why #dpos is not really a #pos, but rather a PoA protocol
▻https://hackernoon.com/why-dpos-is-not-really-a-pos-but-rather-a-poa-protocol-5bb1aa305625?sour
If you’re confused about these weird acronyms, let me decipher them first:DPoS = Delegated Proof-of-StakePoS = Proof-of-StakePoA = Proof-of-AuthorityIn general, I see consensus protocols being divided into three major groups: Proof-of-Work (PoW), Proof-of-Stake and Proof-of-Authority.PoWProof-of-Work relies on computing power and spending electricity for its consensus to work. Block producers (miners) compete by calculating hashes and whoever gets a hash (that complies with the certain rules) first, wins. Their block gets to be the next in the #blockchain.PoW mining machine (image source)PoSThe second group, PoS, requires block producers to have a stake (in form of a native cryptocurrency) in the system. Basically, whoever has the most coins, holds the biggest chance to produce the next (...)