Delegated Proof of Stake

Proof of Stake is a scalable, energy-saving alternative to PoW, but it restricts small stake users. In an attempt to level the playing field, some blockchains have introduced various types of Delegated Proof of Stake (DPoS) mechanisms, allowing the token holders to vote and elect the validator set by delegating their holdings to validators, typically incentivized by rewards. Using DPoS, even small-stake YESCOIN holders can delegate their YESCOIN to validator candidates, which empowers the community and incentivizes the democratization of delegated YESCOIN.