Achieving distributed consensus using DPoS (delegated proof-of-stake)

Delegated proof-of-stake (DPoS) is a type of consensus protocol used to secure a cryptocurrency platform’s network. Developers of BitShares – an open-source, public blockchain-powered “real-time financial platform”- describe their version of DPoS as a distributed consensus algorithm that aims to “solve the problems of both Bitcoin’s traditional proof-of-work (PoW) system, and the proof-of-stake system of Peercoin and Nxt.”
According to BitShares’ o