Delegated proof of stake

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Delegated Proof of Stake (DPoS) is a consensus mechanism commonly used in blockchain networks. In DPoS, token holders elect a limited number of delegates or validators who are responsible for confirming transactions and producing new blocks. Token holders can vote for these delegates, and the voting power is often proportional to the number of tokens held. DPoS aims to combine decentralization with efficiency by allowing token holders to participate in network governance and decision-making while utilizing a smaller set of trusted validators to maintain consensus.