Cardano is a decentralized public blockchain that evolved from a scientific philosophy and research-first 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 has asked us. Get in touch if there's more you would like to know.
Cardano's Shelley is the first step towards decentralization on Cardano. To test incentivization in a real-world setting, Cardano created the Shelley incentivized testnet, which lets 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 a Daedalus or Yoroi wallet will have received 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 that evolved from a scientific philosophy and research-first approach. To learn more, please see their <url>whitepaper</url>.
New blocks on Cardano are proposed by validators. To enable Cardano to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure.
Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.
By delegating ADA, you help secure the network. You get part of the rewards provided by the protocol for this assistance. 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. As a validator, stakefish will never have the ability to move your ADA.
We charge 4% from the block rewards received by our delegators. For example, if a delegator receives 100 ADA as a reward, stakefish will receive 4 ADA while the delegator will get 96 ADA. We offer one of the lowest fees of the strong proven validators.
Staking rewards will be automatically dropped into your account. Therefore, the staking rewards will be staked by default, letting you compound your staked ADA.
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