How to stake Cardano (ADA) in 2024
Cardano is a leading layer 1 blockchain whose native token is ADA.
On the Cardano blockchain, staking ADA helps to maintain a fair and fully functioning network. Via smart contracts, Cardano distributes rewards to stakers according to the network’s consensus rules.
With Cardano, staking pools are picked randomly to validate the next set of data. When that data is successfully validated, the network rewards all participants in the selected staking pool.
If you’d like to stake ADA, this can be done easily through a cryptocurrency exchange or brokerages such as Binance, Coinbase or eToro. Staking can also be achieved directly through non-custodial browser wallets associated with Cardano such as Daedalus and Yoroi. This page will take you through the various ways you can stake ADA.