DPoS Consensus
In Paragon, we utilize the Delegated Proof-of-Stake (DPoS) consensus mechanism for efficient and secure transaction validation within our decentralized network.
Here's how DPoS operates in the Paragon ecosystem:
Election of Delegates: Token holders participate in selecting delegates who validate transactions. These delegates are chosen based on reputation and token holdings.
Rewards and Incentives: Delegates are rewarded for securing the network and validating transactions. This typically comes in the form transaction fees, encouraging active participation.
Efficiency and Scalability: DPoS offers efficiency and scalability, making it suitable for Paragon. DPoS ensures high throughput and low latency, facilitating smooth network operation and growth.
Through DPoS, Paragon Network maintains a balance between decentralization, security, and scalability, providing a framework for decentralized computing.
Last updated