How does staking pool works? and what is the feature of it?
Staking Pools are focused on making the most out of the combined staking capacity.
For example:
Person X: He is having more number of coins, but He doesn’t want to stake his coins in staking pool, just want to do it solo. Now,when a block needs to be mined, the blockchain tries to find the most suited staking wallet to do it.
In this case, there are slim chances that Person X wallet will be chosen to validate the block.
Person Y: He takes part in the staking pool by contributing the number of his coins into it. As the LABHssp value is very higher compared to other wallets/pool.
By taking part in staking pool, Person Y has a higher chance of earning more profit. The pool service might take some percentage of the reward as service charges.