For the complete documentation index, see llms.txt. This page is also available as Markdown.
The Delegated Proof of Stake Band-Aid
Delegated Proof of Stake (DPoS) attempts to address PoS issues by introducing voting where token holders elect validators. However, this creates new problems:
Voter apathy: Most users don't actively participate in governance
Name recognition bias: Well-known validators maintain dominance by default
Circular entrenchment: Popular delegates attract more stake, becoming more popular
No meritocratic selection: Performance doesn't determine success—existing wealth does
New entrants have almost no chance of competing, as they cannot bootstrap enough stake to begin earning rewards.
Summary: PoS sacrifices security, decentralization, and innovation for modest energy savings—a catastrophic trade-off for enterprise applications.
