Question 1

What is Cardano?

Accepted Answer

A decentralized proof-of-stake blockchain platform focused on security and sustainability.

Question 2

What is staking in Cardano?

Accepted Answer

Staking involves delegating your ADA to a stake pool to help secure the network and earn rewards.

Question 3

How do I stake my ADA?

Accepted Answer

Within your Cardano wallet, select a stake pool, delegate your ADA, and start earning rewards.

Question 4

How much can I earn from staking?

Accepted Answer

Rewards vary by pool, but on average, you might earn around 4-5% annually.

Question 5

Do I lose control of my ADA when I stake?

Accepted Answer

No, you retain full ownership. Your ADA stays in your wallet, and you can move it anytime.

Question 6

What are stake pools?

Accepted Answer

Stake pools are groups of ADA holders combining their stake to improve their chances of producing blocks and earning rewards.

Question 7

How do I choose a good stake pool?

Accepted Answer

Look for pools with consistent uptime, fair fees, and a track record of reliable block production.

Question 8

Is there a minimum amount of ADA required for staking?

Accepted Answer

There is no strict minimum, but you'll need enough to cover any transaction fees.

Question 9

What is a seed phrase (recovery phrase)?

Accepted Answer

A series of words that back up your wallet, allowing you to restore it if lost or compromised.

Question 10

How should I store my recovery phrase?

Accepted Answer

Write it on paper, keep it offline, and store it in a secure, private location.