Which blockchains use DPoS?

Several of the most prominent blockchain networks use one kind of consensus algorithm or another; the name goes by the name of Delegated Proof of Stake, more simply referred to as DPoS. DPoS escalates scalability and transaction throughput by letting a small group of elected nodes-delegates-handle block validation. Some well-known blockchains that make use of the DPoS include:

1. EOS:

EOS is the leading DPoS blockchain, engineered to bring scalability to decentralized applications. It makes use of 21 elected block producers, also called delegates, for the validation of transactions. This returns fast transaction times and high throughput for the network to process thousands of transactions per second.

2. TRON:

TRON introduced DPoS to build a highly scalable blockchain for decentralized applications and content-sharing platforms. The TRON blockchain relies on 27Super Representatives elected by TRON holders to validate blocks and secure its network. It claims to have fast and low-fee transactions.

3. BitShares:

BitShares is one of the earlier blockchains developed by Dan Larimer, who is also the brain behind DPoS. BitShares targets the decentralized financial platform, and with the need to keep up its security and performance without losing such high transaction volumes, it chose DPoS.

4. Steem:

Steem is a blockchain social network that encourages people to create content for the platform by rewarding them. The network makes use of DPoS-a consensus in which users vote for either witnesses or delegates who then validate the transactions occurring on the network and hence secure the network. Through the use of Steem's DPoS mechanism, fast transactions are supported that account for this blockchain's social media activity.

5. Lisk:

Lisk is a blockchain that allows developers to create decentralized applications using the language of JavaScript. Its consensus algorithms are DPoS, and it has top 101 delegates in charge with security and processing the transaction across the network, hence highly scalable without giving up security.

6. ARK:

ARK develops an ecosystem of interoperable blockchains with the use of DPoS. It enables voting for active delegates who will further confirm the set of transactions and keep the network secure. The chain is focused on integrating different blockchain technologies whereby DPoS helps in scaling while keeping the network decentralized.

7. WAX-Worldwide Asset Exchange:

The WAX Blockchain is designed to support virtual item trading and NFT. It is supposed to use a consensus algorithm called DPoS, which could enable fast, scalable, low-cost transactions. In any case, validation of blocks remains in the hands of elected block producers.

The blockchains among others, that implemented DPoS are EOS, TRON, BitShares, Steem, to name a few. They implemented this particular consensus model in a bid to achieve high throughput and scalability. In fact, with DPoS faster block production is possible, it ensures low transaction costs, and offers more democratic governance. However, it simultaneously presents a risk of centralization given the only limited number of elected validators.

Thanks

src

~ Nesaty