Cardano Staking Pools

A staking pool is where multiple stakeholders can combine their computation resources to increase their chances of getting a reward. In layman's terms, staking pools allow stakeholders to unite their staking power in verifying and validating new blocks, thus increasing the probability of earning block rewards. A pool operator manages a staking pool where the stakeholders who join the pool lock their digital assets in a specific blockchain address (wallet). It is important to note that the number of rewards…