KILT Protocol Have Decided To Shift From A NPos Network To LDPos
KILT Protocol have decided to shift from a Nominated Proof of Stake (NPos) network to Limited Delegated Proof of Stake (LDPos), in order to adopt a mechanism that better supports KILT in the long term.
KILT Protocol is designed to be a fully decentralised permissionless blockchain network. That means we are building KILT to evolve into a blockchain that is run by the community, with decisions being made transparently on chain by KILT token holders.
Limited Delegated Proof of Stake (LDPoS)
Limited Delegated Proof of Stake (LDPoS) is a Delegated Proof of Stake (DPoS) consensus mechanism that limits the number of delegators and the number of collators to whom they can delegate their stake.
Delegators
Delegators would be KILT token holders who choose to back collators with their tokens. In the current model, a delegator will be able to choose one collator to back per account; this may be increased in the future.
About KILT Protocol
KILT is an open-source blockchain protocol for issuing claim-based verifiable, revocable, and anonymous credentials for Web 3.0. It allows users to claim arbitrary attributes about themselves, have them attested by trusted entities, and store the claims as self-sovereign credentials. KILT Protocol is developed by BOTLabs GmbH and is the technology on which SocialKYC, a decentralised identity verification service, is built.
