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Title: ADA Staking Post by: TUMAS on November 08, 2018, 11:06:37 AM Hi All,
Can somone please explain to me how ADA Staking works as I didnt understand it on their site. Do you kind of freeze your ADA and get ADA in return for holding it? Your help would be appreciated Title: Re: ADA Staking Post by: kumiskura on November 08, 2018, 11:14:07 AM It is more like voting other than freezing the balance, if you have a balance in your address.
you can be considered as stakeholder, and from many different stakeholder you guys need to select the slot leader. slot leader is the one that can generate a new coin. this is what i get but i might be wrong here. Title: Re: ADA Staking Post by: TUMAS on November 08, 2018, 11:21:33 AM Ok so its not just placing your ADA in an ADA wallet keeping it there and get awarded ADA in return..
Title: Re: ADA Staking Post by: WalkerIVIV on November 08, 2018, 12:27:32 PM Ok so its not just placing your ADA in an ADA wallet keeping it there and get awarded ADA in return.. If you are feeling doubt and why don't you just visit ADA's main forum directly? https://forum.cardano.org/t/how-to-stake-with-ada/6903/5Someone has asked this question and there was a lot of interesting answers from ADA fans. I guess that will be useful for you but in my understand about that just like put and lock your amount in staking address and then you will receive your interest. |