Things To Know
What is Cardano (ADA)?
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change. Ada Is The Native Token Of Cardano.
What is Proof of Stake aka Ouroboros?
A proof-of-stake protocol that provides and improves the security guarantees of proof-of-work at a fraction of the energy cost. Ouroboros applies cryptography, combinatorics, and mathematical game theory to guarantee the protocol’s integrity, longevity, and performance, and that of the distributed networks that depend upon it.
Ouroboros exists to define the parameters of the new world: a protocol more secure, scalable, and energy-efficient than anything that has come before.
Cardano is a(PoS) blockchain. This means that even if you do not have the time or resources to run a stake pool, you can still delegate your ada to another pool operator and have it staked on your behalf.
Where Does It Work?
How To Stake
How To Stake?
Step 1: Open a Coinbase account and buy ADA
Step 2: Open a Yoroi wallet (Shelley) and transfer Ada from Coinbase to Yoroi
wallet. Write down and verify your recovery phrase to create your Shelley
wallet. You will need to sync with the blockchain before your wallet
information and balances are up to date.
Step 3: Stake with ADAIO
Step 4: View your Stake in ADAIO
Step 5: Send out a Tweet to @ADAIO_StakePool