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What is Delegation?

Crypto Terms Glossary: What is Delegation?

Delegation refers to the contribution of some amount of a cryptocurrency or token to another user for participation in a network staking mechanism on a Delegated-Proof-of-Stake (DPoS) blockchain protocol. It is useful for users who want to earn staking rewards and participate in a network, but do not have a large enough crypto supply to meet the minimum staking requirements on their own. DPoS intends to achieve a high degree of equitability and democratization through delegation mechanisms.

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