Cardano staking (ADA) lands on Kraken and the ADA price explodes
The Cardano are used to being the stars of the news … So it was astonishing that the Cardano hadn’t been in the spotlight these last few days! It is now done! The famous crypto exchange Kraken has just...
The Cardano are used to being the stars of the news … So it was astonishing that the Cardano hadn’t been in the spotlight these last few days! It is now done! The famous crypto exchange Kraken has just added a new service: Cardano staking.
Cardano Staking (ADA) is now available on Kraken
Kraken is a major crypto exchange established in 2013. The site enjoys good popularity and enjoys a serious reputation. The crypto exchange, for example, has never been hacked yet. Since September 2018, it is possible to buy Cardano on Kraken. But, as announced on his blog, since May 4, 2021, it is possible to make Cardano staking on Kraken. What is that ?
What is Cardano Staking (ADA)?
In its philosophy, staking is similar to mining (or mining in French). Staking applies to cryptocurrencies such as Cardano that operate on the Proof-of-Stake model. Concretely, staking makes it possible to validate transaction blocks. In return, the stakers are paid by receiving a certain number of ADAs and through the transaction fees returned to them.
For staking, the same goes for mining, that is, you have two solutions. You can do staking on your side by purchasing advanced computer equipment. This can be profitable but requires knowledge and a heavy investment. Otherwise you can join a staking pool. The investment is minimal and you receive a payout in proportion to your stake. This is exactly what you can now do on Kraken. So even if you are a beginner, you can access Cardano staking.
The major advantage of this type of staking is that you make your cryptos work for you. Staking thus earns you passive income through interest at unbeatable rates.
The price of Cardano (ADA) is exploding!
The price of Cardano, already very healthy, reacted very quickly to this announcement! Since May 5, 2021, he has resumed a march forward, going from € 1.08 to € 1.37 at the height of the day of May 6, 2021, i.e. +27% in 24 hours ! With such a performance, the Cardano consolidates its 7th place in the world ranking of cryptos with a capitalization which is now close to 43 billion euros.
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