Leased Proof-of-Stake (LPoS) is a consensus algorithm used in the Waves blockchain platform. Here's a brief overview:

- Leased Proof-of-Stake (LPoS) is a variant of the Proof-of-Stake (PoS) consensus algorithm.

- In LPoS, users can lease their WAVES tokens to a leasing pool or a node operator.

- The lessee (node operator) uses the leased tokens to participate in the validation process and earn rewards.

- The lessor (token holder) receives a portion of the rewards generated by the node operator.

- LPoS aims to increase the decentralization and security of the Waves network by allowing more participants to engage in the validation process.

- It also provides an opportunity for token holders to earn passive income without needing to operate a full node.

LPoS strikes a balance between decentralization and scalability, making it an attractive consensus algorithm for the Waves ecosystem.