Staking plays a pivotal role in fostering decentralization within the cryptocurrency industry, and Cardano looks to be at the forefront of this movement as one of its early adopters.
With more than 1.3 million stakers on the network, the Proof-of-Stake (PoS) chain and its ecosystem are continuously innovating to enhance the accessibility and decentralization of network participation and staking.
The latest addition to Cardano is a unique feature provided via Lace Wallet, namely multi-pool delegation.
Using a distinctive approach, Lace Wallet generates multiple stake keys within the same account, creating a fresh address for each pool with a predefined amount of ADA tokens the user wishes to stake. This allows ADA holders to simultaneously stake their tokens in up to five distinct pools, thereby diversifying their stake across various Stake Pool Operators (SPOs) within the Cardano network.
This move fosters a more decentralized network with a wider array of block creators. From the perspective of SPOs, the new feature grants them the ability to attract more users, as they are no longer constrained to support just one pool.
Initially, users can select a fixed ratio for distributing their stake among these five pools. However, Lace Wallet has indicated that this ratio may be subject to adjustment in future updates.
Regardless, the feature plays a crucial role in promoting true decentralization. By allowing ADA holders to stake their tokens across multiple SPOs, Cardano aims to mitigate the risk of centralization while providing a more widely distributed network, one which aligns with the overall core vision of Cardano.
 
Cardano Introduces Game Changing Staking Feature
![](https://files.constantcontact.com/b44f1673801/b921b66a-5724-4468-b87e-1fce041c9535.jpg)
![](https://cryptoweekly.co/img/CryptoWeekly-Logo.png.webp)
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
![](https://files.constantcontact.com/b44f1673801/b2b70ffa-0e36-4130-8721-8558a172f9be.jpg)
July 26,2024
Solana Protocol Announces Rebranding And Launches New Stablecoin And Token
![](https://files.constantcontact.com/b44f1673801/e4263491-8536-41c6-8b85-dc4395260d9e.jpg)
July 26,2024
Senator Marshall Will No Longer Support Anti Crypto Bill
![](https://files.constantcontact.com/b44f1673801/15b5fbd6-3273-4d9c-ae3d-f60d7e2008df.jpg)
July 25,2024
HSBC Australia Will Block All Payments To Crypto Exchanges Going Forward
![](https://files.constantcontact.com/b44f1673801/98ef54b8-8c94-4232-ae78-f264480276f1.jpg)
July 25,2024
Kamala Harris Will Not Attend Upcoming Bitcoin Conference
![](https://files.constantcontact.com/b44f1673801/da56d11b-c05f-4d82-923f-196b296ec509.jpg)
July 24,2024
Toyota Plans To Adopt Ethereum Blockchain Technology For Its Vehicles
![](https://files.constantcontact.com/b44f1673801/68af468b-c48f-492a-a190-a43454314701.jpg)
July 24,2024
Coinbase Wants Access To Private Emails As Fight Against SEC Continues
![](https://files.constantcontact.com/b44f1673801/0e4251a9-d846-42c2-984e-d2806408c77b.jpg)
July 23,2024
Swan Bitcoin Shuts Down Mining Unit And Abandons IDO Plans
![](https://files.constantcontact.com/b44f1673801/ba0136f1-de0b-4c86-ade3-a3aadb462008.jpg)
July 23,2024
Markets React As US SEC Approves Spot Ethereum ETFs
![](https://files.constantcontact.com/b44f1673801/e45ae704-d352-4a15-bb91-c5ebc7aa8791.jpg)
July 22,2024
Elon Musk Adds Lazer Eyes Following Rumours Of His Attendance At Upcoming BTC Conference
![](https://files.constantcontact.com/b44f1673801/4b60f27c-6f55-40ef-8671-63e9c0b7bac9.jpg)
July 22,2024
Biden Officially Quits Presidential Race As Trump Supporters Celebrate
![](https://files.constantcontact.com/b44f1673801/82594195-386c-43f3-a8cb-70acaa2672fb.jpg)
July 22,2024
Web3 Fundraising Deals - July 16th to July 22nd, 2024
![](https://files.constantcontact.com/b44f1673801/1f0e0ef1-899b-409b-adcc-a9b7c5c3ce51.jpg)
July 21,2024