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When should I withdraw my staking rewards?

OYSTR Pool - Cardano Stake Pool Wales
StakingRewards
Staking rewards left in the rewards section of your wallet count towards your total balance staked. They therefore automatically compound without the need to withdraw them to the main part of your wallet. Each time you withdraw your staking rewards you will pay a transaction fee, which at the time of writing this is around 0.17 ada. This might not seem like ...
1 up votes and 0 down votes. Total score

What is an ISPO & what are the different types of ISPO?

OYSTR Pool - Cardano Stake Pool Wales
ISPOSPO+ 4
ISPO is an acronym for Initial Stake Pool Offering. There are two main types but in both cases they enable projects that are building on Cardano to distribute their tokens to stake pool delegators. The tokens that are distributed generally have some sort of utility such as governance privileges in the project. The tokens can be held by the delegator for the ...
0 up votes and 0 down votes. Total score

How do I move all of my ₳ to a new wallet and claim my 2 ₳ stake key deposit?

OYSTR Pool - Cardano Stake Pool Wales
WalletStaking+ 3
There are many reasons you may want to move your ₳ to a new wallet, for example you may have just bought a hardware wallet to better secure your ₳ or your seed phrase may have become compromised. If you unstake (or deregister your stake key) to claim back the 2 ₳ stake key deposit you will loose any pending rewards for the current and previous epoch. You wi...
0 up votes and 0 down votes. Total score

What is a blockchain?

Olga Hryniuk
blockchain
A blockchain, also known as a distributed ledger, is a digital ‘book’ of records. Unlike traditional financial systems, blockchains are decentralized and are not regulated by any central authority. In a blockchain, nodes (people's computers) agree on the validity of any given transaction using what is called a consensus mechanism. Transactions are grouped to...
4 up votes and 0 down votes. Total score

Is ada a coin or a token?

Olga Hryniuk
ada
Both coins and tokens represent a unit of cryptocurrency on a blockchain. Yet there is a difference between the two – a ‘coin’ has its own native blockchain whereas a ‘token’ is created on an existing blockchain.  Ada (‘Ticker: ADA’) is the native cryptocurrency on Cardano and is the only currency used on Cardano to pay fees, make deposits and distribute re...
0 up votes and 0 down votes. Total score

Why is Cardano called ‘the green blockchain’?

Olga Hryniuk
CardanoProof of stake+ 1
People say Cardano is ‘green’ because it is a proof-of-stake blockchain that uses little energy and runs on basic hardware. Proof-of-work blockchains are more energy-intensive and generate large amounts of hardware waste.
1 up votes and 0 down votes. Total score

What is Cardano's monetary policy?

Cexplorer.io
monetaryCardano+ 2
Cardano's monetary policy addresses two issues: The necessity to offer rewards for people who participate in the network Funding the treasury Rewards The expansion and future improvement of the Cardano blockchain will be greatly influenced by its community, who need to be incentivized through rewards to participate in Cardano’s development. Staking rewa...
1 up votes and 0 down votes. Total score

What other wallets support staking?

Olga Hryniuk
StakingWallet
You can stake your ADA by using Daedalus or Yoroi wallets, products created by founding entities IOG and Emurgo respectively. You can also choose from a growing range of other wallets, including: Flint Nami Gero Exodus Adalite Typhon Eternl NuFi Hardware wallets Ledger and Trezor can also be used. Note that some of them won't let you choose the poo...
6 up votes and 0 down votes. Total score

What is EUTXO?

Morgan
ProgrammingFAQ+ 1
EUTXO stands for Extended UTXO model. Cardano's EUTXO combines and matures Bitcoin's security and Ethereum's programmability. This model is vastly superior to the account-based model used by other blockchains because it ensures: Enhanced security: every transaction uses a different address, which makes it impossible to track the address or find out the user...
5 up votes and 0 down votes. Total score

What is the Cardano network?

Olga Hryniuk
Networking
The Cardano network is a technical infrastructure combining Cardano nodes and their relative interactions in one unified system. It consists of a collection of nodes that communicate with each other to maintain the distributed ledger. These nodes validate blocks, add blocks to the chain, and distribute transactions. The networking layer is the driving force...
1 up votes and 0 down votes. Total score

What is a cryptocurrency?

Olga Hryniuk
Cryptocurrency
A cryptocurrency is a digital asset, which is stored on the ledger and is designed to serve as a medium of exchange for goods or services. It is otherwise called crypto. Blockchain ledgers serve as the underlying technology for cryptocurrency creation in a decentralized environment. Blockchain protocols use rigorous cryptography techniques to enable the min...
2 up votes and 0 down votes. Total score

What is proof of stake (PoS)?

Olga Hryniuk
ConsensusProof of stake+ 1
In proof-of-stake (PoS) blockchains, such as Cardano, stake pool operators validate network activities. Operators (or slot leaders) are elected based on their holdings (stake) in the associated cryptocurrency (ada). One of the key features of PoS is that as an operator's value increases, the opportunity to maintain the ledger also increases. This means a hi...
1 up votes and 0 down votes. Total score

What is consensus?

Olga Hryniuk
ConsensusOuroboros
Consensus means agreement. A consensus protocol is a way for blockchain participants to agree on transaction validity. The consensus protocol for Cardano is Ouroboros. In a traditional setting, a central entity (like a bank) controls individuals’ funds and financial activity. This entity decides what kind of activity an individual can do, to whom they can s...
3 up votes and 0 down votes. Total score

Where do staking rewards come from?

stakepoolada@gmail.com
RewardsStaking+ 1
There is a reward pot. Each epoch, all transaction fees and 0.3% of the remaining ada reserves are put into this pot. 20% of the pot reserves is sent to the treasury to support development through the Catalyst voting process. 80% is used as staking rewards. Over time, transaction fees will become the main source of staking rewards.
6 up votes and 0 down votes. Total score

What’s the difference between layer 1 and layer 2 solutions?

Morgan
Layer 1Layer 2+ 1
Layer 1, which is the main blockchain ledger, operates on the underlying consensus protocol. This layer includes protocol parameters that control capabilities such as scalability and throughput. Layer 2 is an additional, off-chain protocol that works on top of the layer 1 blockchain. Parties can securely transfer funds from the blockchain into an off-chain p...
1 up votes and 0 down votes. Total score

What is Cardano governance about?

Morgan
GovernanceFAQ+ 1
Cardano’s decentralized governance model grants all ada holders the ability to decide what changes should be made for the ecosystem to grow and mature. Since individuals in the Cardano ecosystem are most affected by the decisions made about the protocol, it is important for them to understand how those decisions are made and how they are paid for, as well as...
1 up votes and 0 down votes. Total score

What is stake delegation?

Olga Hryniuk
Delegation
Most ada holders do not have the knowledge or desire to run a pool, so they can delegate their stake to a stake pool. Delegation means letting the pool use the stake of owned ada. The more there is staked in a pool, the higher the rewards (until it reaches saturation).
0 up votes and 0 down votes. Total score

What is staking and delegation on Cardano?

Olga Hryniuk
StakingDelegation
Every ada holder owns a stake that is based on the amount of ada they have. A developer or a tech-savvy person can set up a stake pool and run it to help verify Cardano transactions and create new blocks getting rewards for this. Everyone can delegate their funds to a stake pool to earn a share of these rewards. There is no risk to this and no ada leaves you...
0 up votes and 0 down votes. Total score

What is a cryptocurrency wallet?

Olga Hryniuk
WalletCryptocurrency wallet+ 1
A cryptocurrency (blockchain) wallet is software on a mobile phone or computer that allows you to send, receive, and store cryptocurrency. On Cardano, Daedalus or Yoroi can be used to manage your ada holdings and delegate your stake.
2 up votes and 0 down votes. Total score

What are native tokens?

Olga Hryniuk
Native tokens
'Native tokens' is Cardano’s feature that enables the creation of multi-purposed assets. Users can create their own tokens that interact with the blockchain just like ada. Tokens can be fungible (interchangeable) or non-fungible (unique), and act as payment units, rewards, tradable assets, or information holders. There is no need to create smart contracts to...
0 up votes and 0 down votes. Total score
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