Delegated Proof of Stake¶. Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency's network. DPOS attempts to solve the problems of both Bitcoin's traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT. DPOS implements a layer of technological democracy to offset ...
The idea behind DPOS is great. However it leaves the power to control the network with very few elected individuals, 20 in EOS? And because the shareholders that do vote have shown a tendency to vote for block producers who share the largest amount of their block reward with their voters. It makes it potentially very easy to attack IMO by just offering slightly more than the block reward paid back to the people who vote for you. (Who won’t know you’re an attacker.)
