Cardano and the Delegated PoS Pool [Get Notified]

in #cardano7 years ago (edited)

TLDR - Be notified via email the moment staking is live: HERE

http://www.CardanoCloudPool.com

PoS vs. PoW?
Although gradual at first, frequent advancements in the market have gained the attention of investors, traders, and miners alike. While the consensus says investments will likely grow in their own right, the growing trend of Proof-Of-Stake (PoS) now provides a way for that investment to grow. Although this won’t be an introduction to PoS it’s important to state that PoS aims to provide the same integrity, security, and availability as a PoW system, promoting efficiency and scalability.

Stake your ADA
So, what’s this have to do with Cardano and why should it matter to you? Well, Cardano currently operates a PoS system that’s fully supported by IOHK infrastructure (Input Output Hong Kong). However, they will soon shift this task/opportunity to the community, with the release of Shelley in Q2 2018. ***** At that time, much like NEO, Ark, Nav, and more, holding your ADA and actively staking it (more on that in a moment) will result in earning a small amount of ADA from the distribution of transaction fees on the network

The Issue with Staking ADA
Unlike NEO, where GAS accrues overtime, regardless of your transaction behavior or system status, it’s only possible to earn ADA while your system is on and your Daedalus wallet is actively staking the full balance of your ADA. This may not be an issue for those with a spare always-on system but for those that don’t and those that would rather not have the mythological Daedalus consuming system resources throughout the day, the Cardano team is currently hard at work to finalize a solution for this very issue.

The Solution: Delegate Your Stake
Knowing that actively staked wallets enhance network reliability and efficiency, the Daedalus wallet will allow users to delegate their stake to a staking pool. These systems, normally operating in the cloud due to their availability, will pool user's delegations (essentially a signed ballot that will represent the end-users claim/stake) and distribute the overall reward proportionately to the amount of delegated ADA its users contributed. Additionally, each staking pool will receive a small and undetermined reward which will aid in recovering from the cost of infrastructure.

Selecting the Right Pool
What we’ve learned so far is that availability, scalability, and security matter most. Although a user’s funds are safe if a node is compromised, that stake is no longer active and your reward is no longer possible. Should a system be offline, it may be selected and quickly passed over, along with its users stake. Since the frequency of reward selection directly correlates to the amount of staked ADA, you can see how these issues matter most.

As you may have saw coming, we quickly saw the issue as well as the opportunity, and offer a pool that takes all of these concerns into considerations. With our experience in cyber security, as well as IT infrastructure, we’ve chosen a cloud-based infrastructure with the highest availability, best performance, and global reach that will guarantee your stake is earned regardless of where you are and what you’re doing.

We have active nodes in multiple locations around the globe and will begin notifying our users immediately once the Ouroboros protocol is released and staking is available. With simple instructions and immediate notification, you can leave the infrastructure to us and begin earning the ADA we’ve all come to know and love.

Provide only your email and we’ll notify you the moment staking is live. Rest assured, your email will remain private and purged upon notification: https://goo.gl/forms/RhFVYY6EmLqcwGMf2

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