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Delegation is the process by which ADA holders delegate the stakes associated with their ADA to a stake pool. It permits ADA holders which do not have the skills or desire to run a node to participate in the network and to be rewarded in proportion to the amount of stake delegated.
Dan Gambardello shared: “They said staking would never work, but Cardano now has the best staking w/ over 1M delegations. They said there would be no assets on ADA, but there are now over 2M. They said there would never be smart contracts, but they are here. Now, they say Cardano won’t scale Watch it!”
Mixed Reactions from the Community to Dan: Yoroi is causing a lot of problems with ADA holders right now. You can try ccvault as an alternative. Or Yoroi chrome extension.
For clarity, CCVault is a major Cardano wallet which implements features requested by the Cardano community. It is a Cardano Light Wallet. It is very useful to interact with the Cardano Blockchain. Users can send and receive ADA and Native tokens.
Yoroi is a lite hierarchical deterministic (HD) wallet for ADA cryptocurrency, running as a browser extension or mobile application. It connects to a full Cardano node hosted by a third party (Emurgo). Yoroi allows for instant initial setup, quick and easy operation with minimum usage of system resources.
For instance, a user stated: “I’m using the Yoroi Chrome extension. My balance is less than what it’s supposed to be. I made a transaction on January 14. It shows on Cardano scan. But not in Yoroi. So, I’m missing over 100 ADA. The sad part is it showed correctly once on the 15th. But not today.”
Take a look at $COTI trend and gain strength.
For clarity, COTI Pay is an online and offline payment service that processes both crypto and fiat payments. COTI Pay also gives the option of credit cards and merchant-specific coinage to its users. In addition, users of the service may be eligible for business loans and earn interest on deposits.
Peace Makers are like: “I don’t understand why certain members of the crypto space spread hate on something like Cardano that takes a steady and methodical approach to build, rather than rushing something broken to the market. Humans are strange creatures. Most people in crypto are impatient.”
Many want ADA to be a get-rich-quick scheme, thus trying to turn a ground breaking and cutting-edge technology into a Ponzi scheme.
Better, they find a way on how to reverse transactions. I lost the security phrase and 100,000$ is forever locked now on CCV2 on Yoroi. This kind of issue they need to find a solution to. It’s your issue, you lost the keys.
Whether Cardano can scale, got a smart contract or not doesn’t matter to you, as long as the carrot dangles, the crowd follows and delegates to your pool, you make the most $$$.
He’s been an investor in ADA for a long time. Since you’re paid in ADA, it’s safe to say, he wants it to scale especially because the scaling mechanism is specifically built into the SPOs.
At least ADA is not going DDOS’ed or taken down every two weeks.
I have lost permanent interest in ADA. It is all due to how Charles goes about things.
Everyone with a brain and some knowledge of the crypto space should see what’s coming by now. Cardano will be the standard for Gen3 chains.
ADA is one of the best long-term plays in Crypto today. Who the heck is selling? If they are, they are missing in the wisdom category.
ADA holder and stake delegator. Going long on ADA and hope it goes without a hiccup. Even if it does not scale enough there is a road map to scale. Hail Hydra.
Hey Dan, ccv4 is 93% saturated, I noticed the rewards were less in the last epoch which was expected, how will this affect sundae token rewards distribution?
Epic tweet Cardano will scale and rule with the innovative products building on it.
The hype is happening. Just like price action, it may go up and down, but I’m feeling like the anticipation is up only in the long term.
