Nominated Proof of Stake (NPoS)

This is a consensus mechanism used in blockchain networks that builds on the traditional Proof of Stake (PoS) model by introducing a nomination process. In this system, token holders, known as nominators, select validators to secure the network, validate transactions, and produce new blocks.

What You Need To Know

Applications where this type of consensus exists in with the Polkadot network, and Kusama network which are focused mainly on inoperability between blockchains.