Cardano

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News

• 2019-11-12: Update on testnet balance check

Resources

• Official site
• WhyCardano.com
• CardanoRoadmap.com
• staking.cardano.org - see also Captain Altcoin on Cardano staking
• ADA Scan - Cardano block explorer, stats and charts
• Cardano block explorer
• How secure is Cardano?
• Running a Cardano node using Docker
• Building cardano-sl from source

Wallets supporting ADA

• Daedalaus Wallet - the official Cardano wallet
• Atomic Wallet

Staking

To stake your ADA coin, you can either set up your own staking pool or delegate your stake to an existing public pool which can be done from within a supporting wallet such as Daedalus or Yoroi. Pools can charge a percentage and/or a fixed amount per epoch. Each pool has a chance of winning the creation of each block every twenty seconds, their chance of winning is proportional to the total amount the pool holds for staking. Rewards are distributed among all stake holders every epoch (which is 24hr in the testnet and 5 days in the mainnet). The specification for how the staking system is designed is described in this paper.

Private pools: In section 4.1 (Stake Pool Registration), it says that publicly announcing a stake pool for other people to delegate to requires two steps: posting a stake pool registration certificate to the blockchain, and providing pool metadata, additional information about the pool. The certificate contains all the information that is relevant for the execution of the protocol (public key hashes, cost, margin, and pledge) as well as the content hash of the metadata, while the metadata will be displayed to end users by their wallet. For specifics about the metadata, see Section 4.2. If no metadata is provided, the stake pool is considered private, and will not be displayed in wallets.

Distribution

As of December 2019, there are four ADA billionaires, thirteen addresses hold over 100M ADA, 157 addresses hold over 10M, and there are about 3000 ADA millionaires. There are about 290K addresses in all with just over a third holding under 1K ADA, just over a third holding 1-10K and about 20% holding 10-100K, 7.5% with 100K-1M and 1% are the millionaires.

See also

• Rich list
• Cardano on the Rocks - a self-hosted stake pool running on a Rock Pi