STEEMKIDS CRYPTO ACADEMY S2W2/BLOCKCHAIN CONSENSUS MECHANISM ASSIGNMENT 2 by @bossj23 /PART 2/10% payout to steemkids

Source

Question One

Explain extensively what Delegated Proof of Stake is.

First of all before explaining it in details, let's come to understand what "delegate", "delegate" and "delegated" mean. The heteronyms, delegate anddelegate mean different things even though they are spelt same. Both have different stress pattern and intonation making it different.
Delegate: is a person who is selected,chosen or elected to vote or act on behalf of others. These delegates delegate to other delegates their voting power by voting for them and selecting them as representatives.

Delegate: means the act of choosing, selecting or electing someone to speak, act or vote for others or act of entrusting responsibilities to others.
It includes choosing the right person, explaining why you are delegating etc.

Proof of Stake from our last study is defined as a type of consensus mechanism used for validating and selecting validators based on their quantity of cryptocurrency. So combining all the definitions together, we have it that;

Delegated Proof of Stake [DPOS]

is another type of blockchain consensus mechanism in which validators or those participating in validation are selected or elected as delegates based on the number of tokens or cryptocurrency they have. These delegates are delegated by other delegate to ensure the smooth running of the blockchain and the quantity of cryptocurrency these delegate have gives the voters must stand in selecting their candidates.@benton3 said extensively so I will enter it in details. In Delegated Proof of Stake, participants still stake coins. However, rather than becoming responsible for validation themselves, stakeholders farm-out that work to a delegate- groups of which are responsible for reaching consensus between themselves. Delegated proof of stake,(DPOS) and generally faster than block chains run on POW and POS systems.

Question Two

Define and explain Proof of Burn

Definition: Proof of burn as another consensus mechanism is based on burning coins for mining. proof of burn according to @benton3 is a type of consensus mechanism that requires a miner to burn a particular coin which allows him buy mining rig to become a miner.

Explanation:
The more coins a miner burns the more chances he had in creating blocks.
These miners have a high rate of mining a block if and only if the miners burn more coins. It is a blockchain consensus mechanism with minimal energy consumption.

Question 3

Question Four

Give an example of a block chain for each consensus mechanism discussed

In DPOS, the blockchain for this consensus mechanism are; Tron and steem blockchains.

In POC, the blockchains are SpaceMint, Chia, Stork etc. Source

In POB, the blockchains are; Slimcoin etc.Source

Question 5

The difference between DPOS and POS

DPOS is even more energy efficient than POS and uses less hardware.

DPOS enables producers in block to validate transactions faster, thereby providing faster transaction than POS. Source

This is where I rest my case. I still thank @benton3 for this wonderful provision and also @steemkidss for this community.

Special greetings to
@benton3
@steemkids
@ngoenyi
@semmy09
@madilyn
@steemkidss