On Cardano ($ADA ), “I delegated my ADA” leaves a surprisingly good follow-up question: to whom?
Delegating to a stake pool helps determine who produces blocks. Delegating to a representative, called a DRep, gives that person voting weight on governance proposals. You can do both. With native delegation, you keep the ability to spend your ADA.
I’d evaluate a pool by how it operates and a representative by how they vote. Which is easier to check in your wallet?
I may earn Binance Square rewards from engagement or qualifying trades linked to this post.
#Cardano #Staking #Governance
Delegating to a stake pool helps determine who produces blocks. Delegating to a representative, called a DRep, gives that person voting weight on governance proposals. You can do both. With native delegation, you keep the ability to spend your ADA.
I’d evaluate a pool by how it operates and a representative by how they vote. Which is easier to check in your wallet?
I may earn Binance Square rewards from engagement or qualifying trades linked to this post.
#Cardano #Staking #Governance