Difference LPoS and PoS
LPoS is a protocol that allows users who do not have a large number of tokens to participate in the consensus protocol and helps a node to have a better chance of being elected. From my point of view, it provides decentralization and greater user participation, as they are motivated by the rewards they can earn by leasing their tokens.
On the other hand, PoS does not give us the same participation possibilities and in many cases only a small group of people actually have the possibility to participate, causing people with large capital and with large number of tokens to be the only ones able to participate in the consensus protocol. , which from my point of view reduces the decentralization of the network.
Reward System: |
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The second point that sets the protocol apart is the reward system, because in the LPoS protocol rewards are distributed to nodes and tenants, this allows a large part of the community to benefit by keeping the network active.
In PoS this does not happen, because the reward goes only to the validator node.
Mechanism for selecting nodes: |
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In PoS, to be selected as a node, you have to stake a large amount of Tokens, which must be in one direction, in short, these tokens must be yours.
On the other hand, LPoS protocol allows other users to rent out your WAVES tokens, without needing to transfer them, this implies that other people's tokens can be used without needing to be transferred to your wallet for greater profits. probability of being selected as a node.
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@dani0661
You make a nice distinction between LPoS and PoS. thank you
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Twitter
I'm glad I got to learn the difference between lpos and pos. Thank you for sharing this post.
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