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TL;DR: It is an entity, holding the right to sign blocks on behalf of group of ADA holders

A stake pool is a fully synchronised Cardano node which represents the collection of ADA staked by a group of individuals. Anyone can participate in an existing stake pool or run their one.

Stake pools are needed, as they increase the chance of being selected for signing a block, as they allow a bigger amount of ADA to be staked. Usually a community of delegators — actors, delegating to the pool — is naturally formed, being united by the same brand.

Welcome whale

Do you have a big stake and contemplate joining HYGGE?

    Welcome whale

    Do you have a big stake and contemplate joining HYGGE?