A Staking Pool is an organization which verifies transactions on behalf of others in a Proof of Stake consensus system. Stakers delegate their voting rights to a staking pool which, in turn, verifies blocks 24×7. In exchange for the voting rights, the pools share the block rewards with the delegators.
ELI5 Cardano ADA Staking Pool Pledge
There's been a lot of talk about pledging in Cardano lately.
What does pledging mean? What is pledge, exactly? Do stakers need to be concerned? What will the minimum pledge am...
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Concepts In This Page
Cardano is a 3rd generation cryptocurrency which is developed based on scientific methods, peer review and aims for formal verification and on-chain governance and compliance.
Cardano Staking is the process by which network participants delegate their Proof of Staking voting rights to a Cardano ADA mining pool.
jcli is Jormungandr's (Cardano ADA full node written in Rust) command line tool (CLI)
Jormungandr is a Cardano ADA full node implementation written in the Rust programming language.
Proof of Stake
Proof of Stake is a consensus mechanism in which block verifiers prove their commitment to the network by staking their coins instead of by proving they performed some work (contrast with Proof of Work).
Staking is the process by which users delegate their Proof of Stake voting rights to a staking pool. The pool then verifies transactions on the users' behalf and, similarly to mining pools, share some of the profits back with the stakers.
A Staking Pool is an organization which verifies transactions on behalf of others in a Proof of Stake consensus system. Stakers delegate their voting rights to a staking pool which, in turn, verifies blocks 24x7. In exchange for the voting rights, the pools share the block rewards with the delegators.