We ‘ve explained staking and stake pools previously, but let’s focus now on Cardano’s proof-of-stake protocol. This protocol and its specific implementation on the Cardano platform are believed to be what makes Cardano the fastest, most secure, highest-trust, and the most scalable third generation blockchain out there.
In Cardano’s network, the coins that are delegated to the network as stake – stay in the coin owner’s wallet. The coin owner can use them – withdraw, sell, transfer – at any time, but Cardano will choose to reward only those stakeholders who keep their coins staked in the network.
This means that any network member can be a coin owner, but they will not be a stakeholder until they explicitly choose to stake their coin (usually by clicking the “stake coins” button in their wallet). As soon as the coin is undelegated (unstaked), Cardano will no longer utilize the owner’s node (computer) for work, and the rewards will stop coming to the owner’s wallet. Usually, the number of minimum staked coins is 1 ADA.
With the amazing community support, nice and user-friendly wallet apps for accessing the network, and fast transfers, Cardano is one of the easiest blockchains to get into today.
