In this delegation guide we describe the process of delegating your ADA to a stake pool using the Cardano native wallet Daedalus. Further we explain the process of buying the Cardano native cryptocurrency ADA on an exchange and how to transfer it to the Daedalus wallet. Next to this we are giving you hints and tips to make an educated decision in choosing a stake pool.
Make sure you make an educated decision in staking with a stake pool. Many stake pools are undermining the idea of decentralization by running a multitude of stake pools with low fees and nearly no pledge which is a potential risk for the overall network.
In this guide we are mainly explaining the delegation process of your ADA to a stake pool via the Cardano native wallet Daedalus. Further we are explaining how you can restore an existing wallet in Daedalus.
Make sure you choose a stake pool that is contributing to the security and decentralization of the Cardano network. A good stake pool has a great infrastructure a goal and vision and is contributing to the Cardano blockchain community.
Stake pools are the back-bone from the Cardano blockchain, they secure the network by storing a copy of the ledger and validate blocks with transactions in return for rewards for themselves and their delegators.
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.
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