A Cardano pool operator explained why the staking model of the Cardano blockchain is much better than Ethereum, in terms of the degree of risk.Β
Cardano is a popular Proof-of-stake consensus model-based blockchain network, powered by the IOHK developer team. Charles Hoskinson is the founder of Cardano blockchain and he is one of the founders of the Ethereum project. Hoskinson launched Cardano as a rival of the Ethereum blockchain. Now Ethereum blockchain is moving toward the Proof-of-stake model to remain active in the crypto industry as a leading choice among retail crypto investors.
On 2 September, Big Pey, a Cardano stake pool operator, talked about the Cardano POS staking model and appreciated it as a better model than Ethereum’s Pos staking model.
Pey noted that Cardano staking design allows ADA holders to stake directly from the wallet, while in Ethereum there is a requirement to transfer in a smart contract which is risky.
“On #Cardano users can stake from their wallet to a pool. On #ETH you have to send your tokens to a contract that can be hacked.”
Further Cardano pool operator explained that ADA stakers can withdraw their reward & stake funds anytime but in Ethereum, we have to wait for the Shahai upgrade.
Pey pointed out that Ethereum Staking bears the risk of losing the whole 32 ETH, in case of Validator nodes misbehave.
Cardano pool operators also pointed out that staking of ADA via direct trezor wallet is fully safe and there are no risk possibilities, however, there are risks associated with the staking of ADA on an exchange or in yielding smart contract protocol but we can choose the safe method.
According to Pey, the Cardano stake pool operator can easily increase the reward for delegates and it helps to stop the creation of many staking pools.
Perhaps, the Cardano pool operator appreciated the design of the Stake system of Cardano but at the same time pointed out the problem with “Game Theory”, which is benefiting the ADA whales.
Read also: FBI warns crypto investors about Defi vulnerabilities & attacks
Stake pool operator says Cardano staking model is better over Ethereum
https://bitcoinik.com/stake-pool-operator-says-cardano-staking-model-is-better-over-ethereum/feed/
https://bitcoinik.com/stake-pool-operator-says-cardano-staking-model-is-better-over-ethereum/feed/
ππGet ready for the biggest ICO of 2022.
β
ICO Round 1 & 2 are Sold Out
β
ICO= Initial Coin Offering. Where you can purchase tokens at base price.
β
ICO has different rounds with different price.
β
Round-1 price: $0.0005 (Sold Out)
β
Round-2 price: $0.001 (Sold Out)
β
Round-3 price: $0.002
β
Round-4 price: $0.004
β
Round-5 price: $0.008
πICO will be finished on September 15, 2022.
πTrading will start after ICO completion.
ππEXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)ππ
π©π»βπ»For more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
ππππππππΌππππ ππππππ½
https://koinswap.io/register?referralcode=CFxqfP
β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
ππππππ
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
