Re: A month now since Cardano Alonzo Fork - did it meet your expectations?
Charles Hoskinson said, that Afrika will be a major market for Cardano Tokens and Smart Contracts, because it is cheap and fast. And therefore he will have a meeting with start-ups troughout Africa to discuss the possibilities of using Cardano in their business.
Hoskinson meant, that Africa needs a safe and strong financial system and fairness, which is guaranteed by smart contracts.
ADA is in the red for a few weeks now, so I expect the African meetings results of Hoskinson to initiate a new rise in price.
In the meanwhile I'll keep bravely staking my ADA.
I hope that can happen for ADA. After the upgrade, ADA is still too far from my expectations because I guess the price can be more than $10 in a short time. But it seems, in this situation, ADA needs to wait and see because bitcoin already breaks $62k, which can be a good time for the altcoin such as ADA to follow increase. The price is still undervalued for ADA so we can buy more and I think staking ADA can help us earn more rewards in ADA. But is there any minimum amount to stake ADA? I am interested in trying and I already download Yoroi wallet as I read in an article, Yoroi wallet support for staking ADA.Hoskinson meant, that Africa needs a safe and strong financial system and fairness, which is guaranteed by smart contracts.
ADA is in the red for a few weeks now, so I expect the African meetings results of Hoskinson to initiate a new rise in price.
In the meanwhile I'll keep bravely staking my ADA.
No, I think there is no minimum amount, as I started staking with around 100 ADA, but your reward will be ridiculous. When you start staking, you need to wait 3 weeks until your stake is mature, then you will start earning rewards.
It also depends on choosing the right staking pool, as some pools charge extra fees, some don't but have less performance and some are "overmature". Here you have got an overview about the available staking pools: https://cardanoscan.io/pools
Of course, you can also set up your own staking/staking pool, but you will need the neccessary technological experience and a lot of ADA (1m and up) for having a chance to compete.
You can also search the internet for HowTos on Cardano staking. That's how I learned, what to do for successful staking.
In any case, the Yoroi wallet is the first choice for staking, because it has a built in staking pool overview, where you can easily delegate your ADA for staking and it is easy to handle and fast.
I tried to search from the internet about the pool staking and I have been suggested to use ADAOZ and ADAPool. But I am not yet select one of them because I need to find out more details. But I think ADAPool.
Charles Hoskinson said, that Afrika will be a major market for Cardano Tokens and Smart Contracts, because it is cheap and fast. And therefore he will have a meeting with start-ups troughout Africa to discuss the possibilities of using Cardano in their business.
Hoskinson meant, that Africa needs a safe and strong financial system and fairness, which is guaranteed by smart contracts.
ADA is in the red for a few weeks now, so I expect the African meetings results of Hoskinson to initiate a new rise in price.
In the meanwhile I'll keep bravely staking my ADA.
I hope that can happen for ADA. After the upgrade, ADA is still too far from my expectations because I guess the price can be more than $10 in a short time. But it seems, in this situation, ADA needs to wait and see because bitcoin already breaks $62k, which can be a good time for the altcoin such as ADA to follow increase. The price is still undervalued for ADA so we can buy more and I think staking ADA can help us earn more rewards in ADA. But is there any minimum amount to stake ADA? I am interested in trying and I already download Yoroi wallet as I read in an article, Yoroi wallet support for staking ADA.Hoskinson meant, that Africa needs a safe and strong financial system and fairness, which is guaranteed by smart contracts.
ADA is in the red for a few weeks now, so I expect the African meetings results of Hoskinson to initiate a new rise in price.
In the meanwhile I'll keep bravely staking my ADA.
No, I think there is no minimum amount, as I started staking with around 100 ADA, but your reward will be ridiculous. When you start staking, you need to wait 3 weeks until your stake is mature, then you will start earning rewards.
It also depends on choosing the right staking pool, as some pools charge extra fees, some don't but have less performance and some are "overmature". Here you have got an overview about the available staking pools: https://cardanoscan.io/pools
Of course, you can also set up your own staking/staking pool, but you will need the neccessary technological experience and a lot of ADA (1m and up) for having a chance to compete.
You can also search the internet for HowTos on Cardano staking. That's how I learned, what to do for successful staking.
In any case, the Yoroi wallet is the first choice for staking, because it has a built in staking pool overview, where you can easily delegate your ADA for staking and it is easy to handle and fast.
I tried to search from the internet about the pool staking and I have been suggested to use ADAOZ and ADAPool. But I am not yet select one of them because I need to find out more details. But I think ADAPool.
No, you don't need to wait a second time, when changing the pool, it is just for the first time to make your stake address a valid stake address.
I have delegated to this pool at the moment as it is low in fees and has a good performance so far: https://www.wastaking.xyz/
There are a few parameters you need to regard when you decide for a pool:
- Saturation: the older the pool, the less rewards it generates. )This is a measure of Cardano to prevent "whale pools", which could "centralize" the chain and make it sort of dependend like other chains, where big miners have more than 30% of the volume. When a pool reaches its saturation, it generates a lot less revenues so most pools close the pool and set up a new one, which prevents this "centralization" I mentioned before.)
- ROA (annual return): guessed reward percentage for your staked capital in one year. The higher, the better.
- ROA Livetime: average reward percentage for your staked capital on the calculated saturation lifetime of the pool. The higher, the better.
- Live Stake: the present active amount of staked ADA. The higher, the more weight and reward probability the pool has got.
- Active Stake: the present delegated amount of staked ADA, including ADA, which will get mature the next epoch (as I said, around 4 weeks for newly generated stake addresses. The higher, the more you see, how attractive the pool is for new delegated stakes.
- Pledge: the amount of ADA the founder of the pool stakes himself. The higher, the more you see how much efforts and trust the founder of the pool himself gives its own pool.
- Margin: the percentage of fee the pool founder will take for running the pool. 0% is preferable.
- Fixed Cost: the fixed amount of ADA the pool founder takes for himself from the rewards. The rest is split between the delegating members of the pool according to their delegated amount of ADA in the pool. This is mostly around 340 ADA and every pool takes it, which is to cover their fees for running server and managing and promoting the pool
- Live Stake: the present active amount of staked ADA. The higher, the more weight and reward probability the pool has got.
- Last rewards: here you can see how good the pools performance has been in the last staking epoch (1 epoch = 1 week).
- Estimated Blocks in Whole Epoch: a guess, how much blocks (and rewards) the pool will generate in the present epoch.
- Block Trend: grapical performance analysis of the pool. See link below.
- Lifetime Blocks: the amount of blocks the pool has generated since it was deployed.
- Lifetime Luck: the general "luck" the pool has in finding blocks. More than 100% are preferrable.
- Registered: the date and time the pool has been deployed.
- Pool Owners: the amount of pool owners on whom the margin and fixed cost are split.
- Pledge Leverage: ratio between total stake and operator pledge. A high leverage is indicative of a stake pool operator with very little "skin" in the game.
- Claimed pool: this is an official pool correctly claimed by pool founders.
Here you can see an example for above explained pool parameters: https://adapools.org/pool/1b268f4cba3faa7e36d8a0cc4adca2096fb856119412ee7330f692b5
If you have got any other questions, just ask.