Cardano is a decentralized public blockchain evolved out of a scientific philosophy and a research-first driven approach. It uses Ouroboros, the first provably secure proof of stake algorithm. We are excited to support a project that is taking a scientifically rigorous approach to blockchain development.
Frequently Asked Questions
Here are answers to some of the questions our community members have asked us. Don't hesitate to reach out to us if you still have additional questions.
Cardano's Shelley era begins the road towards decentralization on Cardano. To test incentivization in a real-world setting, Cardano has created the Shelley incentivized testnet that will let delegators and validators (otherwise known as staking pools) earn real rewards.
A snapshot of the mainnet was taken at 12:00 UTC on November 29, 2019. Anyone who had ADA in Daedalus or Yoroi wallet will receive testnet ADA that they can use to become a delegator or run a validator.
Any of the staking rewards received will be transferred over to the Cardano mainnet after the Shelley incentivized testnet has concluded.
Cardano is a decentralized public blockchain evolved out of a scientific philosophy and a research-first driven approach. To learn more, please see their <url>whitepaper</url>.
New blocks on Cardano are proposed by validators. Validators typically have technical capabilities to put together a secure infrastructure that will be online 24/7 so that Cardano runs seamlessly.
Not everyone is able to do this, and so they can participate indirectly by delegating the tokens they have to a validator. In a sense, validators are running a service for delegators. Validators would typically charge a fee to cover their operational costs.
Once you delegate ADA, you are helping secure the network. For assisting in this, you get part of the rewards provided by the protocol. If you are planning to hold on to ADA for some time, delegating will help you accumulate more ADA while contributing to the health of the network.
You are not giving away ownership of ADA by delegating. We will never have the ability to move your ADA as a validator.
We charge 4% on the block rewards received by our delegators. For example, if a delegator receives 100 ADA as a reward, stake.fish will receive 4 ADA while the delegator will get 96 ADA. We offer one of the lowest fees of the strong proven validators.
If you have any questions about staking or our validator services, please do not hesitate to reach out to us. We are happy to talk with anyone and help navigate community members through this exciting new ecosystem.Get in Touch