Staking- is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Sounds easy right? In order to simplify, what you you are essentially doing is taking a portion of your digital assets and promising not to spend them, and joining with others to form a pool. In return, you will receive rewards for your effort. There are many different staking rules for different staking projects. The most important thing to do is your own research, and understand what you are doing.
MOstaking.com is a website dedicated to helping you understand staking for the specific projects we support. You will always keep your assets in your wallet under your control. Never send your assets to anyone to stake on your behalf.
Let's discuss several different staking mechanisms of our shared staking pools.
Cardano-. The Cardano staking mechanism calls for pool operators to to run nodes on a VPS. On the VPS, we will be executing a Linux based program that will perform the tasks required to keep the network running efficiently by verifying transactions, maintaining a copy of the blockchain and contribute to providing a decentralized infrastructure to the Cardano community. As a pool operator, we have the additional task of setting up registration certificates, maintaining the keys and insure that the pool operates as efficiently as possible. Each pool will have to go through the registration process approximately every 120 days.
As a pool operator, we provide a pledge of Cardano's currency ADA to start the pool. We then will be registered on the network and within the Cardano wallet. You can then select to stake your ADA in your wallet to our pool, or any other pool that is registered.
Rewards will be earned when a pool creates a block. The ability to create blocks is determined by a number of factors including total amount of ADA staked by everyone in the pool, the performance of the Node and several other factors. Rewards will be split among those persons who have staked to the pool at the conclusion of the staking period, less any fixed fee and commission set by the pool operator.
We will be setting fee's and a commission rate based on the market. We are committed to finding a competitive balance that allow for maximum rewards for those who stake to our pool. We traditionally try to set a low commission rate and work on making the pool as efficient as possible. This leads to having long term relationships with our partners in the pool stake. Additionally, since this is new for the entire community we are going to try to communicate our experiences and let you know how we are performing and what adjustments we will be making to improve our performance. You can send us a note on the dialog box located below, or via our social media links. We encourage your feedback. For more information, you can visit our Cardano pool page