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Delegation
HomeGlossary TermsDelegation

Delegation

June 24, 2023BY Ubik Capital
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Delegation refers to the act of contributing a certain amount of cryptocurrency or tokens to another user in a network staking mechanism, specifically in Delegated Proof of Stake (DPoS) blockchain protocols. Delegation allows users to earn staking rewards and participate in the network, even if they don’t possess a sufficient amount of crypto to meet the minimum staking requirements individually. DPoS aims to achieve fairness and democratization through delegation mechanisms.

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