Southeast Staking LLC is the owner and operator of a Cardano (ADA) staking pool, and can be found under the ticker [SES]. We see the value in decentralization, and the improvements that can be made to everyone’s quality of life with it. We are passionate about educating the masses on the benefits of cryptocurrency, with an emphasis on Cardano (ADA).

Cardano is a third generation cryptocurrency, which means it is building upon the successes and improving on the shortcomings of its predecessors, Bitcoin and Ethereum. A comparison for what the third generation means to the global possibilities for Cardano can be seen in the growth of social media on the internet. From the first generation AOL, to second generation MySpace, to the third generation Twitter, Facebook, and Instagram.

Bitcoin is the founding father of Crypto. It introduced the world to the concept of decentralization, and continues to command the largest market cap of any of the cryptocurrencies. But it lacked real world uses, or ways to use the coin other than to store or transfer value.

The most popular second generation coin, Ethereum, used Bitcoin as an example, and added in the ability to write smart contracts on the platform. A smart contract is a self executing contract agreed to by two or more parties, that is written directly into the code of the contract. When the conditions of the contract are satisfied, the cryptocurrency will then be transferred. With the growth of Ethereum, the scalability of the platform became the issue.

IOHK, led by Charles Hoskinson, set out to build on the successes, and improve on the shortcomings of the first two generations of Crypto. They developed the Cardano blockchain. To solve the scalability issue, they moved from a Proof of Work Consensus, to a Proof of Stake Consensus. This will allow for greater scalability at a fraction of the computing power and electricity needed to solve the complex algorithms used in the Proof of Work model.

Stake Pools, such as the one ran by Southeast Staking[SES], maintain the integrity of the blockchain. They produce new coins, they verify transactions, they maintain the complete history of the coins, and wallet balances. When you use your ADA to stake to a pool, you help with maintaining the integrity of the blockchain.

You also receive ADA in rewards for this effort. These rewards are proportional to the amount of ADA you have staked compared to that of the pool you delegate to. The rewards the pool earns are divided up amongst all of its stakeholders in these proportions at the end of every epoch, which equates to 5 days. The annualized return on ADA, is approximately 4-6%.

Southeast Staking LLC currently operates a Cardano (ADA) staking pool under the ticker [SES]. A stake pool is an aggregation of assets from multiple cryptocurrency holders to increase the likelihood of receiving block rewards for validating block chains and creating new blocks. Southeast Staking [SES] brings parties together to share in these rewards in proportion to each stakeholder’s contribution to our stakepool.

If you wish to learn more about Staking, or if you want to know how to purchase ADA, we can be found on Twitter, Facebook, Telegram and Instagram.