 Hey everybody, welcome back to the office. So today it is all about Cardano and Cardano staking. So I want to go over some basic fundamentals and how it all differs in the Cardano staking ecosphere. So first we'll talk about what proof of work, first proof of stake is, especially as it relates to Cardano, what you can reasonably expect as far as reward expectations for a Cardano staking pool, what an epic is, how long that lasts, the difference between Cardano staking and Ethereum 2.0 staking. And what I believe is a vastly superior experience for the Cardano staking delegate. And then finally we'll go over how to actually stake using the top three wallets. And this is probably the most easiest part that you can possibly use. So we're going to take a look at Daedalus Yodoy wallet and ADA light. At the very end, there'll be a obligatory plug for the news and our live staking pool. So let's just go over some basics real quick and then we'll jump into the big stuff. So let's break it down to the basics. A POW system or proof of work system is the kind that Bitcoin uses where a bunch of computers solve complex math problems and they get reward, which is more Bitcoin. Now Cardano is different. Cardano uses a proof of stake system, which is like a lottery and each ticket is one Cardano token. So the more tickets you have, the greater chance you have to win the lottery prize. And that prize is the opportunity to validate a block and add it to the Cardano blockchain. When you win this opportunity, you must be online at the exact time of winning or else this opportunity will go to the next Cardano holder and you can miss out on the chance to claim that reward. Or you could simply delegate to a stake pool like DNews, which is up and online 24 seven, 365. So there's never a chance you won't miss out on rewards. Now as far as rewards, expect to receive approximately 4 to 6% annually, which really, I mean, it's pretty good for just delegating. Now rewards are paid out every epic and a Cardano epic is every five days. Your initial delegation stake may take about two to three epics to receive rewards, which is like 10 to 15 days. But after that, expect your rewards every single epic. Now delegating your Cardano does not put your ADA at risk as your Cardano stays in your wallet. Your Cardano is absolutely not locked up. You can unsteak at any time and you're free to move. So there's no lockup time frame or anything of that kind of nonsense. Also, there's no minimum requirement to stake and you can add or remove your Cardano at any time for staking at the DNews staking pool. Also, stake pools such as DNews are trustless, which means that we don't receive your rewards and then disperse them to you. Actually, what happens is a Cardano protocol determines your rewards and pays out automatically directly to your wallet. Another great benefit of Cardano staking and choosing a stake pool such as DNews is that there are no slashing penalties. With a 3M 2.0, you could get a slashing penalty or have part of your stake teeth reduced, taken away or just simply burned for errors on the validator's part. And this could be intended or not intended. So this actually does not happen on the Cardano network. And this is why we're excited to be staking on it. Now, the worst that could happen is that she won't be rewarded for a block. But even that won't happen here at DNews as we have again 24-7, 365 monitoring by Rafana and Kubernetes through the Microsoft Azure, which is enterprise class. It's highly secure and it's proven as one of the most reliable sources, which is why we picked it. Now, it's pretty expensive to run on it, but it's one of the ones or the best ones out there. And it's why we went in that direction. Now, there's two fees for the DNews stake pool. There's a 340 fixed fee, which is mandatory by the Cardano Foundation for all pool operators. This is automatically taxed from all the rewards that the pool collects. So this fee is spread out over the entire pool. Now, some of the pools may charge more, but we charge the absolute bare minimum. The DNews stake pool margin fee is 5%. That means that if you make 180, then the rate to the DNews pool is 180. Now, some charge more and some charge less. But with our platform, reliability, uptime, security, and competitive fees, I think we have a great choice for you to stake your Cardano. So now what I'm going to do is I'm going to show you how easy it is to stake with the DNews pool. I'm going to use the Detilis Yoroi and ADA light wallet. And this is our official website for the DNews taking pool. And real quick, let me just walk you through it. So up top, let's click on home. Let's go to the very top, the very top of the page. Of course, when you scroll over, got a nice little, little effect there. There's everything about DNews about what we just talked about. Owner pledge or my pledge is going to be 75,000 transparency. And then you can check everything here as far as like ADA pools and just take a look at what the pool is actually doing, how well it's performing, everything else. Fees and reliability on Microsoft Azure, Kubernetes with 99.9% uptime for max blocks minting. And then there's a little snippet here about Cardano itself. This is a nice little video from Charles where he goes into details about what Cardano is, why it's a third generation blockchain, what they plan to do and everything else in between. Pretty good, but it's kind of long, about an hour or so. You can check the roadmap here, the Cardano.org, IOHK, which is actually what they, the building part and a Murgo, which is the enterprise arm of Cardano. So just take a look at that. And then this is just a quote that I feel, this is why I did do the things that I do. And it's because trust is a currency you can't buy. You've seen on this channel that when I talk about things, I try to be as precise and honest and open as I possibly can. And that is, I think, why you're here. Also, with the website at DanTeachersCrypto.com, just a regular website that is 100% free. I don't charge anything for that. I want people to come in here and learn all about cryptocurrency assets. And this is just what I feel should be done at this time. So then moving down, here's where we have the staking wallets, Daedalus, Uroi, and ADA Lite. And you can secure links here. So there's no confusion as to where you can actually get them. These are the ones that I've tested out. These are the exact websites and places you can go to download these three wallets. So there is no scamming going on, which I always hate. So just check those out. And then moving forward down, this is the exact same video we're talking about here, how to stake some FAQs. And then this is how we compare to other pools. Now, in all honesty, starting up a stake pool, I thought it'd be a lot easier, but it is a lot of work. And there's a lot of things going on, a lot of moving parts. And really, it is its own entity. It is its own business. So if you're out there looking at pools and you don't see them kind of like treating this as a legit business, then be a little bit leery, because over here, I can see exactly how much work is going to be. And again, it is a its own separate business. Alright, so let's go up here and let's show you how easy it is to stake with all three of the most common Cardano wallets out there, the Daedalus Yoroi and ADA Lite wallet. Now, just a quick note, you can only stake your Cardano to the DNews pool with these wallets. So you can't have your ADA tokens sitting on exchange and stake from there to our pool, actually any pool, it's not really how it works. So again, if you need to download a wallet, just choose one of these three. They're all solid choices. The Daedalus wallet makes you download the entire Cardano blockchain, which takes a bit, but the Yoroi and ADA Lite wallets do not. So that's an option for you. Okay, let's start with the Daedalus wallet. And I'll show you exactly how easy it is to stake using this wallet. Alright, great. So here we are in our Daedalus wallet. This is our demo wallet. So very easily on the left-hand side, you got your wallets, ITN, some settings. We're going to click on this little icon right here. Looks like a little square. And it's going to have delegation center, stake pools, rewards and info. And of course, this is our current Cardano Epic. Remember, those are every five days. Next one on Epic is another four days. So that is just what it is for right now. So what I want to do is go to stake pools. And I'm going to search for the stake pools. I'm going to put in DNews. And there we are. Of course, we're not doing so hot right now because we are brand spanking new. So we're waiting for everybody to come on in, but this will all change. So what I'm going to do is I'm going to click on DNews, give us all the information, the official Staking Pool of Digital Asset News, Power of Microsoft Reserve. Same thing we just talked about, the rank, the pool margin, the pledge and all that good stuff. We're going to delegate to this pool. And this little guy's going to pop up, wallet selection, stake pool, delegation continue. So we're going to select the wallet. And remember, it's pretty much all or nothing. So you can have multiple wallets and dead lists. But whatever you choose will be, it's going to be the entire amount of what you delegate. So for this one, I'm going to delegate a whopping 21 ADA. I'm going to click continue. And it's going to say, do you want to do this? Of course, yes. So just so you know, these other pools right here, the one, two, three, four, five, these are the top pools that are there. But if you see the little bar right there, that green bar, that means that they're saturated. And when they're all the way full, that means that there is the limit of 63 million. Now it used to be around 205 million for the Cardano saturation point, but they reduced that to 63 million. And past that point, you get diminishing reward. So I would not recommend to sign up for any pool that is already saturated. We monitor all that. If we become saturated, we will let you know in advance and we will start up in another pool. So we're going to click on continue. And there's always a fee, of course, a little bit 0.17. That's not for us. That's the Cardano fee. We're going to type our spending password. Again, do not give this out to anybody. This is your spending password, kind of like your private key. So I'm going to put this in, I'm going to stop the video, click confirm. And voila, we are done. Stake from the wallet is now delegated to the new stake pool. And just like we talked about, sometimes it takes, you know, two epics or three epics to really start to get everything moving. And this is exactly what it says in nine days, one hour, 40 minutes. That's when you can expect everything to really get moving. And that is as easy as it gets. So that's a deadless wallet. Let's move over to the Yorai wallet. So here we are on the Yorai wallet. This is my Yorai demo. I'm just going to click on that. And it's super simple. I'm going to go to delegation list. I'm going to search by ID. I'm just going to put in the news and click search. And there it is. So I'm going to click on delegate. So now I'm going to delegate this wallet to DNews stake pool. So it's pretty much all or nothing. It's either the total amount or no amount. And you can break up your wallets. You can create the wallets if you don't want to do the whole thing and do that that way. But for this one, to make it simple, it's going to about 19.8. There's fees for on the Kodano network, which is already put in. I'm going to put in my spending password. Again, do not give this to anybody. And then click on delegate. Great. And it's already done successfully delegated track the status of the stake pool and the amount of time remaining to receive reward for the dashboard from the dashboard page and click on dashboard page. And this is where for in the Yorai, you can check everything out. So that is it for Yorai. Pretty easy. Again, you can add as much as you want to take it all out on stake, whatever you want to do. That's the beauty of the Kodano network. So here we are on the ADA light wallet. So up here, obviously I'm going to click on staking. So one thing you'll notice is that the default stake pool is the ADA light stake pool. So if you want to get to DNews, all they have to do is first of all, wipe this away. Don't need this. We need the stake pool ID and to make this very simple, actually put this right underneath the ADA wallet ID. We're just going to copy this. And then we're going to come over here to ADA light and we're going to paste it. Getting pool info, DNews, 5%, everything else there. So the fee of course is for Kodano. That is just one of those fees that they have. And we're going to simply click on delegate. So pool ID, digital asset news, DNews, ticker, fixed costs, all those things we talked about and confirmed transaction. And it's going to sink the wallet. And then here we go. And don't be alarmed, the delegate stake will always go back to the default ADA light. But if you see the staking rewards history in the left-hand side, you can see that the pools, digital asset news, also over on the right-hand side, current delegation, ticker, DNews and everything else right there. And last I want to mention this, if you go back to the website and go up to about DNews, there's a link right here as far as transparency. When you click on this, this will show it go you to ADA pools.org and it will show you exactly how the pool is actually doing over time. So you can take a look out here as far as performance, blocks, reward delegators and about. Of course, we are new right now. So we will definitely be growing. And this is the place to check all that out. All right. Thanks for watching. Hope that helps. And I hope to see you stake to DNews. All right. So I hope that made it, you know, super simple. Using any of those wallets is incredibly easy. I was surprised actually how easy that Kodano set it up to be. The only really difference is with the deadless wall, like I said, you have to download the whole entire blockchain. But with the other two, it's very simple, very, very easy. Just make sure that you, one, make sure that you hold on to your passphrases. And then two, you don't give anybody your spending password. And that's really it. So, you know, do your own research and take a look. But we hope that you will join the DNews Live Staking Pool. And that is it for this video. So again, have a great day. Thanks for watching. I appreciate it. And we'll see you on the next one.