Cardano Blockchain Doles Out Higher Staking Rewards Than Anticipated

Cardano has commenced doling out the staking rewards, subsequent to migration on proof-of-stake blockchain last month.

On the very first day of the rewards, seven million ADA (worth around eight hundred and thirty-one million USD) were doled out.

As per the Cardano staking calculator, rewards presently sit at an annualized return of around five percent. This is greater than the 4.6 percent estimate put forward prior to the launch of Shelley upgrade.

Cardano product director at IOHK, Aparna Jue mentioned:

“We couldn’t have asked for a better response from the community, who have jumped into operating stake pools and are reliably making blocks. This is shown by the 1,138 stake pools currently active, which is around the desired equilibrium for the network.”

Charles Hoskinson, the founder of Cardano network, took to Periscope recently in order to make sure everything went as per plan with the initial staking reward release.

Commenting on the development, Hoskinson said,

“I just wanted to make sure everyone got what they expected, the staking calculator was accurate if there were any problems. Or if everything was looking good.”