Our goal is to provide a service with all the clarity of a shallow pool.
We are a team of women who are passionate about making a difference to people's lives no matter where they are in the world.
Cardano gives us a platform to do that.
In contrast to a proof of work system (like Bitcoin), where everyone tries to solve a riddle to mine a block and get a reward, it's more like a lottery in a proof of stake system (like Cardano).
In this lottery each ada is like a ticket and everyone who participates can win the lottery, but of course, those with more ada have more tickets and thus a better chance to win the lottery and get a reward.
To be precise, you don't win the block but the chance to make the block. The one who wins the lottery has to do a tiny bit of work - so, to take the chance, he has to be online at that moment.
This is where the concept of delegation comes into play. A stake pool is online 24/7 on your behalf, so you don't have to be. You can “delegate” your stake (your chances to win the lottery) to a pool.
To be crystal clear: delegating your stake to a pool does not put your ada at risk. You are not sending your ada, they are not locked up in a way, there is no minimum and you can still at any time add or remove ADA from your wallet.
By the way Cardano's proof of stake protocol “Ouroboros” is several thousand times more cost and energy effective than Bitcoins proof of work and it's the first proof of stake protocol that has mathematically been shown to be provable secure.
You can delegate your ADA directly from your Daedalus or Yoroi wallet. Just navigate to the staking area and search for the ticker SHALP
Pool Name - Shallow Pool
Pool Ticker - SHALP
Pool ID - pool12pupdkq80hxxcje94kjgc75x9vsqsgaz65upnmx7k7zmvc3rpd5
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You might think that staking is very difficult and that you can stake with an exchange. It is not a smart idea. Every stake-holder should hold ADA coins in her own wallet. If you have coins in your own wallet then you do not risk losing your coins when the exchange is hacked. The decentralization is also better if there are more small entities than big whales with a big influence.
Exchanges usually force you to lock ADA coins for some period of time. There is no such limitation when you stake from your wallet and you can always spend your coins. Think twice. Can an exchange give you a higher reward than you can earn from your wallet? It would mean that the exchange does it for free or subsidize the service. Why should the exchange do it? The best conditions for your ADA coins are when you stake from your wallet.