What is ADA?
Cardano is a 3rd generation decentralized proof-of-stake public blockchain
that seeks to become the enabling force for positive change and progress in our society.
Cardano is the first blockchain to be founded on peer-reviewed research and developed through evidence-based methods
ADA is the Native Token of the Cardano Ecosystem
It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from central authorities to the individuals.
Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, and Cardano is the first blockchain to implement it. Ouroboros enables the Cardano network’s decentralization, and allows it to sustainably scale to global requirements without, crucially, compromising security.
The protocol is the culmination of tireless effort, building on foundational research, and is propelled by a vision for more secure and transparent global payment systems, and a means to redistribute, more fairly, power and control.
If you hold ADA, you are on your way to becoming truly "financially independent". Want your investment to work for you?
Staking is a passive activity where you delegate ( vote ) for a stake pool and earn a percentage of rewards generated by the pool
Purpose of staking
Incentives are used to ensure the longevity and health of the Cardano network and ecosystem. The incentive mechanism is underpinned by scientific research that combines mathematics, economic theory, and game theory.
By delegating your stake in the Cardano ecosystem, you are giving your vote of confidence to a Stake Pool Operator ( SPO ), like our PSB pool, for example, that they will be capable of reliably processing transactions for the network. And by reliablty processing transactions for the network, the SPOs earn rewards, that get automatically distributed by the system to any delegators who delegated to that pool.
Please note, that staking does not put your funds at risk, and it is not the same as sending your ADA for somebody else to hold. In fact, if somebody asks you to send them your ADA so that they can stake it for you, there is a high chance that they want to steal your funds.
HOW TO STAKE WITH [PSB] PSILOBYTE Pool
While we are working on finishing our Psilobyte University crypto training site, we can direct you to a video we made that explains how to set-up a Cardano wallet ( Yoroi ) and delegate to a pool. Enter "PSB" in the Search by ID/Name field to earn rewards and support our pool 🙂 How to stake ADA on Yoroi Wallet
If you wish to buy Cardano, you can do so at one of the trusted exchanges ( links below ), however, you will need to transfer your ADA to Yoroi Wallet to stake: NDAX ( Canada ) or Coinbase
Questions? please call us at 1-877-PSBYTE-6 and we will be happy to assist you in staking your ADA.
Here you can see our recent pool performance and statistic
You can also visit our cexplorer page to find more details about our pool
Here is a list of Frequently Asked Questions that may help you in your crypto journey
If you have suggestions for additional FAQ items please contact us to provide your feedback 🙂
Have questions? We’re happy to help.
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