Cardano Stakepool Highlights
This is the first Article of a Series that is planned to share an overview of our perspective of a stable Cardano Stakepool Ecosystem and how the VITAL pool is contributing to it.
Articles in this series:
01 VITAL Introduction (this Article)
02 Stakepools, the backbone of the Cardano Network
03 How we ensure fair rewards
04 Decentralization took seriously
05 Environmental and Social Responsibility
06 Trust needs to be earned
VITAL Introduction
The VITAL Stakepool was introduced in February 2021 with the idea of providing staking services in a responsible way. Responsibility is a quite wide term and throughout this series, we want to explain what it means to us in greater detail.
For the introduction, we’d like to keep it on a high level and give an overview of the main dimensions which we are considering:
#1 Responsibility to our delegators
Our main goal is to create a trustful relationship with our delegators.
Trust needs to be earned and cannot be achieved by any fact sheets or marketing offerings. It needs to be earned through honest and transparent communication and client orientation. We want to provide fair rewards which still allow us to ensure a sustainable operation.
#2 Responsibility to the world
We want to operate the out infrastructure in a climate-neutral way and support projects which help to increase social stability.
#3 Responsibility to the Cardano Network and Community
Stakepools are the backbone of Cardano’s network. They need to be set up in a technically reliable way. It’s important to exchange best practices to improve the overall stability across the network and make sure decentralization is understood to be more important than profit optimization.
About the Author
My name is Markus. I’m the technical operator of the VITAL Stakepool. Over the last 15 years, I was a Developer and Architect of Applications for small to large enterprises. I like to translate complex technology into understandable pieces of information which helped me also supporting in Sales efforts.
I learned about crypto back in 2017 and soon recognized that proof-of-work will not be a long-term solution. For this reason, I was more interested in POS Altcoins and for this reason, also Cardano got my attention. I believe in crypto being an independent store of value and a platform to unlock direct transactions without central control.
Why Cardano
I love Cardano for its strategy and the surrounding community. Strategy because it’s not just about technology. It’s also about involving partners. The best blockchain will not survive if it’s not able to arrange with the legal environment we are living in. The efforts in Ethiopia are a bright example of the work with governments. But also starting to work on Decentralized IDs through Atala Prism is a key to making sure Cardano is prepared to be leveraged globally and in line with regulatory authorities.
Secondly, the community is important as the community helps to ensure the adoption of Cardano. The funding programs make sure that good projects are not blocked by financial aspects and strategic projects also get connected with Cardano’s leadership. This helps to challenge the ideas and encompass a common vision and the contribution of the single project. With those 2 ingredients, I see Cardano being a solid platform for real-world use cases.
What's next?
In the upcoming article, I’ll give an overview about what can be expected from a solid Stake Pool
