Cardano is a proof-of-stake (PoS) blockchain platform powered by its original cryptocurrency, ADA. Cardano was created to provide a more secure, scalable and sustainable blockchain infrastructure than its predecessors, Ethereum and Bitcoin. The Cardano blockchain supports the creation and execution of smart contracts, which are self-executing contracts where the terms of the agreement between buyers and sellers are written directly in lines of code and don't require intermediaries.
For many, the breadth of Cardano's use cases, from DeFi to agriculture, its focus on sustainability, its development team and the fact that it explores real-world applications alongside product development make it one of the most attractive investments in the crypto space.
Sounds great? It gets even better: from today onwards, you can stake your ADA with us and effortlessly earn a passive crypto income of up to 5% p.a.
What is staking?
Staking is the process in proof-of-stake (PoS) blockchains such as Cardano, where you deposit the cryptocurrency you own and make it available to the network's validation process for a certain amount of time (called the lock period) before getting your deposit back (ideally with some extra reward on top). The validation process works thanks to validator programs, which can check the correctness of a piece of code attached to the blockchain. These programs run on nodes - computer systems that use their processing power to validate these transactions and update the blockchain with the new data. Anyone who chooses to participate in this process by placing their coins becomes an active participant and acts as a 'validator'.
In the Cardano blockchain, validators are selected based on the amount of cryptocurrency they have staked. The more cryptocurrency a validator stakes, the greater their chances of being selected to validate the next block of transactions and earn rewards.
What is unique about staking in Cardano?
Any ADA holder who wants to stake their coins and earn rewards can choose to run a validator node themselves or delegate their ADA to a staking pool if they don't have the skills or don't want to run a node. A staking pool is created when several owners pool their cryptocurrencies to back a node to increase their chances of receiving rewards.
The ability to delegate coins to a staking pool means that everyone can benefit from the rewards generated by validation. Staking in Cardano is an easy and secure way to earn rewards while supporting the validation process of the network. With its decentralised staking system and focus on sustainability, Cardano is quickly becoming one of the most popular staking platforms in the crypto world.
What are the benefits of staking ADA with SMART VALOR?
For our clients, we run staking software on dedicated hardware 24/7, validating transactions on the Cardano blockchain and securing private keys. As a result, we enable investors to earn competitive returns and avoid risk while maintaining custody of their crypto assets.
With SMART VALOR Cardano Staking, you avoid the need to purchase hardware and run a software protocol yourself. There's also no need to set up a complex security process to protect your private keys.
Cardano Staking on SMART VALOR is secure and simple. You benefit from the custodial security of a regulated crypto exchange, approved for registration by a financial regulator in one of the most respected European jurisdictions with advanced crypto regulation.
Deposited funds are locked for 30 days, and you cannot withdraw them during the lock period. Earnings are paid directly into your crypto wallet at the beginning of each month until you unlock your assets.
Regarding investment returns, we offer one of the most competitive rates on the market. Users can earn up to 5%* annually with a minimum holding of 1 ADA.
Sound interesting? Then be sure to invest your ADA with us - for more details on how to stake your coins with SMART VALOR, click here.
As an enthusiast deeply immersed in the world of blockchain technology and cryptocurrencies, I can attest to the transformative potential of projects like Cardano within the crypto space. My involvement spans practical application, research, and staying updated with the latest developments. Now, let's delve into the article and break down the key concepts presented:
Cardano Overview:
Proof-of-Stake (PoS): Cardano operates on a PoS consensus mechanism. Unlike traditional Proof-of-Work (PoW) systems like Bitcoin, PoS relies on validators who hold and "stake" their cryptocurrency to secure the network.
Cryptocurrency - ADA: ADA is the native cryptocurrency of the Cardano platform, facilitating transactions and enabling staking.
Smart Contracts: Cardano supports the creation and execution of smart contracts. These are self-executing contracts with terms coded directly into the blockchain, removing the need for intermediaries.
Cardano's Appeal:
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Security: Cardano aims to provide a more secure blockchain infrastructure compared to predecessors like Ethereum and Bitcoin.
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Scalability: The platform emphasizes scalability, addressing one of the common challenges faced by earlier blockchain networks.
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Sustainability: Sustainability is a core focus, aligning with the growing awareness of environmental concerns associated with blockchain technology.
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Real-world Applications: Cardano's exploration of real-world applications alongside product development adds practical value.
Staking in Cardano:
Staking Process in PoS Blockchains:
- Users deposit their cryptocurrency for a specific lock period.
- Validator programs, running on nodes, validate transactions and update the blockchain.
- Participants become active validators, and in Cardano, the selection is based on the amount of cryptocurrency staked.
Delegated Staking in Cardano:
- ADA holders can either run a validator node or delegate their ADA to a staking pool.
- Staking pools combine resources to increase the chances of receiving rewards.
SMART VALOR Cardano Staking:
Benefits of Staking with SMART VALOR:
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Validator Node Operation: SMART VALOR operates staking software on dedicated hardware 24/7, securing private keys and validating transactions on the Cardano blockchain.
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Risk Avoidance: Investors can earn competitive returns without the need to purchase hardware or set up complex security processes for private keys.
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Regulatory Approval: SMART VALOR's custodial security is backed by regulatory approval from a respected European jurisdiction with advanced crypto regulation.
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Lock Period and Earnings: Deposited funds are locked for 30 days, with earnings paid directly into the crypto wallet at the beginning of each month until assets are unlocked.
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Competitive Returns: Users can earn up to 5% annually with a minimum holding of 1 ADA.
In conclusion, Cardano's combination of a robust PoS protocol, focus on sustainability, and the flexibility of staking through platforms like SMART VALOR makes it an appealing choice for crypto enthusiasts and investors seeking both technological innovation and financial returns.
