CARDANO [ADA]: HOW TO STAKE YOUR TOKENS

CARDANO [ADA]: HOW TO STAKE YOUR TOKENS

https://cryptobriefing.com/cardano-staking-ada-returns/

Cardano is currently on the road to Shelley, an upgrade that will introduce staking for the first time via its Oroborous Genesis consensus mechanism.

IOHK, Cardano’s development group, has been hard at work on the upgrade. For the most part, waiting is all that is left—here’s what you should expect from Cardano’s upcoming staking features.

The Basics of Cardano Staking

In some ways, Cardano’s staking system will be just like any other staking system. If you hold Cardano (ADA) and decide to stake it, you’ll earn a return on your investment. This helps the network as well: staking is the process by which validators are selected to create a new block. If you don’t want to validate, you can delegate your tokens to a staking pool, which is a much simpler process.

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