You can now leverage your ADA to help decentralize the Cardano network while earning financial rewards. Staking ADA has become much easier with HolyTransaction!
Key advantages to staking with HolyTransaction:
Navigate to Staking inside your HolyTransaction account and follow the provided instructions.
What is Cardano’s Proof-of-Stake (POS)?
In contrast to the proof-of-work consensus mechanism that Bitcoin uses, some cryptocurrencies use an alternative model for consensus called proof-of-stake. So instead of miners creating new coins and verifying transactions as in the proof-of-work model, you have what are called stakeholders. Stakeholders are rewarded for delegating their ADA to stake pools that are managing block production.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Sending and receiving ADA with Cardano‘s Byron and Shelley-era addresses is available on HolyTransaction now.
Open your free digital wallet here to store your cryptocurrencies in a safe place.