What are stake pools?
Cardano Staking Pool. Low Fees, Big Payouts. Ticker: BIGPP.
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A staking pool permits several users to combine their sources and take part within the protocol with out personally worrying about operating and validating nodes. If you want to participate (delegate) inside a staking pool then neither you demand any constant internet connection nor you will need to monitor the token value each of the time. The stake pool node does all these jobs on your behalf.
The stake pool will be the key component on the Cardano PoS protocol that represents the combined stake of pool customers as a entire and is accountable for processing transactions and producing new blocks. To retain security and network liveliness the protocol calls for a sufficient number of nodes to be online. And in return, the stake pool operators are rewarded with incentives.
Prerequisites for stake pool operators
The following points are mandatorily required for a Cardano stake pool operator:
Knowledge concerning the initial atmosphere setup.
The node requires to become active all the time i.e 24*7*365.
Should really have system operation skills i.e capable to run and keep Cardano node.
Understanding with regards to server upkeep and operation activities.
Experience of development and operations.
Familiarity with Prometheus or Grafana for alerts and monitoring, or some other monitoring framework of one's option.
Minimum needs for running a stake pool
Following hardware specifications are needed:
4 GB of RAM
24 GB of tough disk space
a very good network connection and about 1 GB of bandwidth per hour
a public IP4 address
Note that running a stake pool is not majorly dependent on processor speed.
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