Cardano Explained Without Jargon & Within 199 words
Let's start with the executive summary:
Between 15-20 days after staking your Ada
Why is that? There are four steps.
Step 1: Your Ada is registered
The cardano network takes a snapshot of all staked/delegated Ada every 5 days (an epoch). After this snapshot your stake is registered.
Step 2: Your stake is active
Your Ada will be eligible for rewards after another epoch.
Step 3: Your rewards are calculated
After another epoch, your rewards will be calculated.
Step 4: Your rewards are paid
After yet another epoch, your rewards are paid.
Summary
If you delegate 1 day after the start of an epoch,
4 days later your stake is registered by the network (end of epoch),
5 days later it starts earning rewards,
5 days later your rewards are calculated and finally
5 days later your rewards are paid: 19 days passed.
Because this process continues, you will receive rewards every 5 days after your first payment.
Below you can see a visual presentation of this process
Happy Staking!
If you have more questions about Cardano or Staking Cardano, simply join our Discord server and ask me anything!
Please leave your comments below and let me know what other subjects you would want me to cover without Jargon & within 199 words.
Commentaires