The very first smart contract on Alonzo Blue Public Testnet has run successfully. Get ready, friends. Cardano will hit 2$ very soon, ADA is now undervalued, by the end of this year. We can see ADA at 6+$. I am not selling any ADA, we are the Cardano. Get yourself enough ADA. No financial advice. Just for entertainment purposes only. More and more people realize Cardano is much bigger than they initially thought.
People who are new to Cardano are like what is the best stake pool to delegate your ADA? Users need to check the expected ROA (Return on ADA) for stake pools of various sizes.
Important to note: The pool possibility to mine is based on the stake amount and luck. The past performance has nothing to do with the best or ROA according to some.
Some feel that a reference of past performance is important to decide the potential for performance. Therefore, if a pool has been performing well then you know its operating correctly. There are some pools which have not minted yet. Therefore, shows past performance as pretty none, but this does not exist yet, that doesn’t mean we won’t give good rewards. Over the year, all pool average out to be the same.
Performance matter a little as it compounds. May be when investing it is important to look in to the middle ground not just waiting for a Big Bang.
New entrants are also contemplating on what are the risks of staking vs. risks of keeping on an exchange? They are wondering if they need to have different wallets to stake different places? Some are wondering if they can use their old wallet and on whether they need to update to stake from it. Will they risk losing ADA on update? And things like that.
For instance, there is no risk staking your ADA through Yoroi or Daedalus, the only risk is losing your passwords or key phrases with no hardware wallet. The overall belief is that centralized exchanges are vulnerable to hacking.
Some are worried about when stake pools need to adjust / switch / upgrade and on whether it affects rewards if the SPO hasn’t got round to it or slow to upgrade the pool? If they haven’t updated correctly or have missed blocks as a result you could miss out on rewards yes. It’s in the stake pools best interest to mint a block though.
Those who are looking to invest, instead of asking for the quick answer, should spend some time and do the research. It is possible to learn a TON of useful knowledge in the process.
