The Proof-of-Stake and Proof-of-Work consensus algorithms are two common ways to achieve consensus in a blockchain network. However, there is another way that is gaining popularity called the Delegated Proof-of-Stake algorithm. With this algorithm, instead of every node in the network verifying transactions, a smaller number of nodes, called delegates, are chosen to do this work. These delegates are voted on by the network’s users and are rewarded for their efforts. This approach has several advantages over the other two algorithms, including faster transaction verification times and lower energy consumption.