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Animation.com Supports Cardano’s Decentralization Through Community Stake Pools

Retrieved on: 
Tuesday, November 1, 2022
Technology, Photography, Retail, Audio, Video, Arts, Museums, NFT, Entertainment, Blockchain, Online Retail, Electronic Commerce, Professional Services, Internet, Specialty, Cryptocurrency, Statistics, Maintenance, Mining, ANIM, POS, ADA, ADAS, Acquisition, Cryptocurrency, Insurance, Cardano

Staking pools are ways for stakeholders to earn passive income by reducing the hassle of technical implementation and maintenance.

Key Points: 
  • Staking pools are ways for stakeholders to earn passive income by reducing the hassle of technical implementation and maintenance.
  • According to Cardano, stake pools are responsible for processing transactions that will be placed in the ledger, as well as producing new blocks.
  • It is very common for long-term ADA holders to stake their coins to some pool, so they can reap rewards.
  • Stake pools have the power to validate new blocks and collect fees for their work.