At SliceOfStake, our mission is to contribute to the decentralized financed movement by providing reliable and low-cost staking options across blockchain projects, which allow crypto HODLers around the world to BYOB(Be Your Own Bank) and compound that interest:
Below is a quick video on proof of stake mining with Cardano in 2021.
“Crypto” is a digital or virtual currency where coins are exchanged and stored on a computerized ledger system. Strong cryptography is used to secure and verify coin ownership. A truly amazing technology that allows for 3rd partyless transactions of value to anywhere with an internet connection. Cryptocurrency is still in its infancy in terms of develop and has much more room to grow. Think about the internet in the 90s!
Cryptocurrencies can either be Proof of Work or a Proof of Stake. The first crypto, Bitcoin, is a proof of work coin. Proof of Stake currencies are a newer generation of crypto that is more efficient than traditional proof of work coins. It also allows for the average user to reap the benefits of mining through “Staking” their currency. Essentially, accruing interest after minting blocks on an epoch(every 5 days). Averaging 5% or more compounding ADA a year. Much better than a savings account!
Cardano is just the start! We want to be involved in creating staking options and becoming validators for many of the popular coins on the market. We have taken particular interest in Cardano because their development team holds the belief that there will not be one coin to rule them all in the future while also maintaining a top 5 market capitalization in the crypto market. Cardano aims to be a currency but also a system and platform for entire continents. Currently, the Cardano team is getting their feet wet in Africa. With ideas of having a blockchain be the infrastructure for entire societies could be absolutely mindblowing in terms of value. Just think about BILLIONS of people transacting on one system each and every day!
To start Staking, download your wallet at daedaluswallet.io for your computer
Check out Yoroi wallet for mobile devices
Find out more about Cardano by checking the official website
The Cardano community is amazing. If you have questions, don’t hesitate to ask
24/7 proactive monitoring
1 Block Producer
2 Relay Nodes
1 Air Gapped Machine
Military grade verification
Uses encrypted storage
Future block chain projects on the way
Three SoCal guys
Website and pool creator
Hardware and verification
Feel free to contact us with any questions or comments