What is Cardano?
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.
What is ADA?
People sometimes think that Cardano and ADA are the same, however, there is a slight difference. Cardano is the name of the blockchain that allows people to send and receive funds. ADA coin is the name of the cryptocurrency. How you can acquire ADA by purchasing or because ADA is Proof os Stake (PoS) you can also earn it by STAKING.
What is Poof of Stake (PoS)
The Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins they hold. This means that the more coins owned by a miner, the more mining power they have.
What is a Staking Pool?
A staking pool allows multiple stakeholders (or bagholders) to combine their computational resources as a way to increase their chances of being rewarded. In other words, they unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards. Staking in Cardano your ADA are always in your wallet and could be used at any time.
What is a crypto wallet?
A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. As with conventional currency, you don’t need a wallet to spend your cash, but it certainly helps to keep it all in one place.