It is not possible to earn rewards from Stake pools while Cardano are moving towards a fully decentralized network. First off, it is important to know how to download Daedelus before staking to one or more of the pools. It is also important to know when it will be possible to get rewards.
There are elaborate videos in this regard, which will help users stay up to date. Cardano has a positive reputation and it has not been hard for them to be able to attract stake pool operators. Reportedly there are up to 623 stake pools following the launch of Shelley. About 2.74 billion ADA have been committed to staking.
Where there are increasing numbers of registered stake pools, the Cardano blockchain progress towards becoming more decentralized. The sooner the Cardano mainnet has reached 1,000 pools, Cardano will be the most decentralized, scalable, and secure block chains in existence.
Charles Hoskinson tweeted: “Tomorrow I’m going to release a video on how to secure and properly store your wallet recovery phrase for Daedalus users.”
In response one of the commentators expressed that though some of them already know how to do it, but on how it helps to learn from a guy who is most experienced in crypto. Charles is hailed to be the Top man for providing education and awareness which are crucial for free.
Sydney Ifergan, the crypto expert tweeted: “Cardano (ADA) very soon under the price charts and trends for high highs and all-time highs.”
Cardano (ADA) Stake Pool Introduction
There is a dedicated stake pool introduction thread facilitated by Cardano.org with due instructions.
The Cardano Foundation have stated that pools are not supposed more than one introductory post. And, they have stated that any pool making multiple posts from the same stake pool operators will be removed and users will be warned.
There are no pools which are endorsed by the Cardano Foundation, and therefore any pool which states otherwise will be removed and users warned.
Further stated that comments which are not related to stake pool introductions will be removed and users warned;
Any stake pool introductions which is made out of the Forum section are also to be removed and users warned.
Excessive marketing and unauthorised use of Cardano and Cardano Foundation trademarks, and inflated or unrealistic reward promises are also restricted and conditions are in place to remove and warn users in this regard.
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