How does delegate voting work in the Lisk cryptocurrency?

1 answers

• Balaharisankar .LJun 10, 2022 · 3 years ago
  Delegate voting in the Lisk cryptocurrency is an innovative way to ensure the network's security and decentralization. Token holders can actively participate in the decision-making process by voting for delegates. The voting process is designed to be fair and transparent, allowing token holders to choose delegates based on their qualifications and proposed plans. Delegates who receive the most votes become active delegates and are responsible for validating transactions and maintaining the network. This system encourages community engagement and fosters a sense of ownership among token holders. By participating in delegate voting, token holders can actively contribute to the growth and development of the Lisk cryptocurrency.
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