Difference between revisions of "Cardano"

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'''Private pools:''' In section 4.1 (Stake Pool Registration) of the [https://hydra.iohk.io/build/790053/download/1/delegation_design_spec.pdf Staking Design Specification], 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.
 
'''Private pools:''' In section 4.1 (Stake Pool Registration) of the [https://hydra.iohk.io/build/790053/download/1/delegation_design_spec.pdf Staking Design Specification], 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.
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Also in Section 3.4.5 it says that usually, the stake pool operator and owner will be the same person, but a stake pool can also have multiple owners. This is to allow people to coordinate and form a stake pool even if none of them had enough stake on their own to make a pledge that would make the stake pool
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competitive.
  
 
== Distribution ==
 
== Distribution ==

Revision as of 13:29, 17 December 2019

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News

Resources

Wallets supporting ADA

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).

Private pools: In section 4.1 (Stake Pool Registration) of the Staking Design Specification, 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.

Also in Section 3.4.5 it says that usually, the stake pool operator and owner will be the same person, but a stake pool can also have multiple owners. This is to allow people to coordinate and form a stake pool even if none of them had enough stake on their own to make a pledge that would make the stake pool competitive.

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

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