DPos vs Pos

Correction Note: Understanding Sui's Consensus Mechanism

In the video, I mentioned that the Sui blockchain utilizes Proof of Stake (PoS) as its consensus mechanism. However, I'd like to clarify and correct that statement. Sui actually operates using a Delegated Proof of Stake (DPoS) system.

What is Delegated Proof of Stake (DPoS)?

Delegated Proof of Stake (DPoS) is a Proof of Stake variant where network members elect delegates to validate transactions and maintain the blockchain, increasing efficiency and promoting democratic governance.

Why is this important?

Understanding the correct consensus mechanism is crucial as it directly impacts the network's scalability, security, and decentralization. DPoS, in the case of Sui, allows for faster transaction processing and potentially more decentralized governance compared to traditional PoS systems.