🤝Consensus

Elastos utilizes a Delegated Proof of Stake (DPos) mechanism to achieve network consensus, where the $ELA native token is secured by 50% of Bitcoin’s hash rate. With this model, Elastos users vote and elect delegates to validate blocks on the network - the key actors who actually produce these blocks are called merge-miners.

This type of consensus mechanism ultimately provides increased network security that can single out damaged or malfunctioning blocks. Moreover, it’s a far more democratic way of selecting block verifiers and reaching network consensus more quickly.