In a centralized system, all parties of an ecosystem refer to the decision making of a known and trusted third-party; the general consensus is not needed, as the centralized entity administers the decisions and validations. In a decentralized system (blockchain, DLTs, etc.), reaching consensus is challenging as every party must agree to the majority on a similar decision, instantly and without fault. Algorithmically, several solutions have been developed to solve this issue, namely, but not limited to, Proof-of-Work (PoW), Proof-of-Stake (PoS) or Delegated Proof-of-Stake (DPoS) [1] [2].