Proof-of-Stake on Cardano - What is it?

Описание: Cardano’s consensus protocol is based on Proof-of-Stake and this leads to the idea of delegating stake to block producers, aka. Stake Pools and the potential to earn a passive income with your ADA. Get the basic understanding of Proof-of-Stake and the ideas driving the design of Cardano. Looking at the reasons why Proof-of-Stake and Staking are important.

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addr1qyzl4u7c0299h85unkmd4ap2z7mvcyex3kn3ffecjxrwdw32gqhx3vvnf7r92epv3qtjh9rl4qfl33kmgvrdj04h0z3qstlnes

[BTC]: 3GJpGhAHn1ewpiSBonp2JXRxCYmn8XAGYb
[ETH]: 0xdFF5eD012135B0eC71Bc436F90F7fB6A8bE93934

0:00:00 - Channel welcome
0:00:18 - Introduction
0:01:12 - Recap on Blockchains
0:01:45 - Proof-of-Stake vs Proof-of-Work
0:02:37 - What is Ada use for?
0:02:52 - Decentralisation
0:03:10 - Bryon Federation vs Shelley Decentralisation
0:04:07 - What are Epochs
0:04:25 - How Stake Pools produce blocks
0:04:55 - Incentive design for staking
0:06:10 - Review of rewards and delegating
0:06:56 - Summary

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Other Resources:
Cardano Simply Explained:    • Cardano - Simply Explained  

About Cardano:
Cardano is a blockchain network based on proof-of-stake. The vision of Cardano is to be a universal financial operating system to enable broader economic identity and financial inclusion. It is all open-source, and the network is decentralised and public. It does not require lots of electricity or expensive computers to run. To support the operation of the network and incentivise participation Cardano’s native token is ADA. Based on extensive peer-reviewed research and formal methods for correctness, the project has many advanced innovations. The road map includes support for multiple asset types, digital identity, and smart contracts, among other features.

Nothing I state or express should be considered professional investment advice. This channel is for educational purposes only.

#cardano #staking #ADA #crypto