What is ADA Staking

Staking is the new green way of securing a blockchain.

WHAT IS A STAKE POOL?

A stake pool is a network node with a public address for users to delegate to. Stake pools are run by a reliable operator: an individual or business with the knowledge and resources to run the node on a consistent basis. Ada holders can then delegate to stake pools if they wish to participate in the protocol and receive rewards, but do not wish to operate a network node themselves.

The more stake delegated to a stake pool, the greater chance it has of being selected as a slot leader. Each time it is selected, it is rewarded, and these rewards are shared between the stake pool operator and stake pool delegates.

Stake your ADA with Paradise-Staking ticker PARAD and join the revolution of ADA Staking today.

WHAT IS DELEGATION?

Delegation is the process by which ada holders delegate the stake associated with their ada to a stake pool. It allows ada holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated.

our Ticker is PARAD