kaal:claim:3441904-023

In delegated proof of stake protocols the significant block validation power of elected nodes leads to corruption, because those nodes are incentivized to bribe voters to be elected as delegates in exchange for some of the newly inflated tokens.

Source quote, verbatim
That power leads to corruption. Block validation nodes in delegated proof of stake protocols are incentivized to bribe voters to be elected as delegates in exchange for some of the newly inflated tokens.
From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), III.4 Lacking On-Chain Voting Mechanism, p. 20
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when
Classification

mechanismsupport: evidencedfailure: delegate-vote-buyingfamily: plutocratic-captureconsensus-and-securitygovernance-design

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