Welups Blockchain (WELUPS) has now fully evolved into the most popular blockchain for smart contracts, thanks to the network’s extreme security, decentralized blockchain and ascending performance.
Welups is based on its delegated proof-of-stake (DPoS) network. Notably, DPoS is a verification and consensus protocol on the blockchain that competes with other proof-of-work and proof-of-stake models as a way to verify transactions and promote blockchain organization. Welups is an identity blockchain platform used to verify identities in social media, digital banking, credit services, entertainment and almost all other services vital to improving society’s efficiency. It strives to reduce the risk of fraud and scams.
DPoS: The consensus mechanism of Welups
DPoS is a process of selecting trustworthy third parties or delegates based on reputation and real-time voting. In addition to accepting or rejecting different network transactions, these delegates also create the blocks that hold these transactions. Since these transactions are a cumulative decision of all delegates, it is…