DPoS consensus was introduced in 2014 by Dan Larimer, who was one of Block.one’s co-founders and a former chief technology officer of the firm. Under DPoS, EOS users can vote by staking tokens with block producers for three days without selling them, putting them at risk of losing money should the price of the token drop during that time. Block producers are elected by the EOS ecosystem through this token staking/voting system. Today, dPoS has become a popular consensus algorithm that is being used by other blockchains, including Avalanche (AVAX), Near (NEAR), Solana (SOL) and Polkadot (DOT).