Profit Demand Delegated Proof of Stake: Hypothetical Design Concept for Blockchain

Abstract

Delegated Proof of Stake (DPoS) is indeed a fascinating consensus algorithm used on various blockchain platforms. It was designed to address some of the scalability and energy consumption issues associated with Proof of Work (PoW) while maintaining decentralization to a certain extent. But, DPoS has some disadvantages in the distribution of profit share for stake forwarding nodes to delegate nodes. The profit share is controlled by the delegate nodes rather than the staking nodes or token holder voting nodes. Here, in Profit Demand Delegated Proof of Stake (PD-DPoS), we introduced a new mechanism to facilitate the token holder voting nodes to demand a rate of profit/profit share. PD-DPoS will encourage the delegate nodes to invest in infrastructure for high connectivity and fast computing crypto systems. As the system builds targeting fast and reliable computing by extending the opportunity of demanding profit share for token holder voter nodes will experimentally perform and prove better than the DPoS.