SSSSS Cardano Staking Pool
We specialise in operating highly secure and reliable stake pools, and commit to permanently fair fees. With SSSSS you get a predictable return.
Smarter Solid Safe Sensible Sincere
When you stake with SSSSS your ADA remain secure in your wallet. We do not take custody of your ADA, or have access to your private keys or passwords, and will never request this information. At any time you can cease staking, spend or transfer your ADA, without affecting rewards you have already earned.
Staking is supported by Daedalus and Yoroi and third party wallets like Eternl, Nami, Lace and Vespr. Search for the ticker symbol SSSSS
Smarter
We believe in the empowerment of the individual. Everyone should have the opportunity to take control of their finances, but ideally most aspects of their lives. It does not mean having to do everything yourself, but it’s about having a choice.
Solid
SSSSS staking pool is running on a mix of Dell PowerEdge and HP Proliant servers with Uninterruptible Power Supply in diffrent geographical locations for a 24/7 availability.
Safe
Cardano is secured through an “environmentally sustainable, verifiably secure” PoS protocol that’s known as Ouroboros.
Sensible
We believe in the empowerment of the individual. Everyone should have the opportunity to take control of their finances, but ideally most aspects of their lives. It does not mean having to do everything yourself, but it’s about having a choice.
Sincere
The project says that Ouroboros improves upon the security guarantees that are delivered by a PoW consensus mechanism while using substantially less power — claiming that it is four times more energy efficient than Bitcoin.
It is described as a blend of unique technology and mathematically verified mechanisms, with behavioral psychology and economic philosophy thrown in for good measure. Overall, the objective of Ouroboros is to achieve sustainable and ethical growth.
About Cardano
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
SSSSS Cardano Staking Pool
We started by joining the Peercoin network in 2012, and soon we realized that there was a big interest in the proof-of-stake-based crypto currencies. Soon after, in 2019, we started by setting up a network of helium hotspots in the Netherlands and Portugal. And now we are expanding again. We had some servers running for a private Cardano pool and are adding a public Cardano staking pool at the beginning of 2024. Because we like to stay as green as possible, we are using natural cooling and green energy for the servers. Crypto is a thing for the future, and we decide now how the future is going to look with the way we take care of the environment.
Can You Make Money Staking ADA?
ADA holders can earn a yield paid out in ADA tokens by locking up their tokens as part of the Cardano network’s Proof of Stake-based consensus mechanism. So, yes, you can make a return on investment by staking ADA.
However, if the value of your ADA holdings drops by more than the percentage yield you are earning during the time you are staking your tokens, you will make a loss.
