If everything turns out to be alright, the stake is returned. If someone is suspected in any sort of fraud, this nod gets removed from the network and its stake is frozen. The Cosmos has its own security algorithm. As of this writing, the ATOM staking ROI is around 13%. If the amount goes below or above that mark, the system artificially changes the inflation and block reward parameters in order to adjust the amount. The blockchain is adjusted to set the perfect amount of staked ATOM of ⅔ total circulation amount. Fees are chosen by validators and obey the market rules and usually fluctuate within 1% and 25%. Validators take a fee for other people’s ATOMs staked on their account. The delegator gets a part of the reward in case of success. If someone wants to have some benefit but doesn’t have enough ATOM to become a validator, they can delegate present tokens to get staked as a part of a more significant amount. Its blockchains support the so-called delegation. But it’s not really true for the Cosmos project. It may seem that rich users get richer and the ones who have minor amounts will never reach the top. This is close to the classic model of the proof-of-stake. It means that this node confirms the next pack of transactions and earns the reward. The person who has more tokens staked wins and becomes the validator. A user stakes ATOM and takes part in a challenge. It is earned in the special hybrid PoS-algorithm. The proof-of-stake system is also designed to support hubs as well. There may be several hubs for the consolidation and validation of transactions within the zones. The hub runs the proof-of-stake algorithm to hold everything together. So, the whole system is, in fact, a group of different blockchains called ‘zones’ connected to a central one called ‘the hub’. They work independently but share the same structure. The cluster is a central hub and numerous blockchains.
This is a set of protocols helping to unite different blockchains in a cluster.
The project was created as a next-gen internet model. Its mainnet took a start on March 14, 2019. What are Cosmos and AtomĬosmos is a group of independent blockchains, designed and created by All In Bits Inc (also known as Tendermint Inc). Click Claim to withdraw it to your address from time to time. You just need to wait - the reward is generated with every block.
Here you can change the validator by clicking on name and see your yearly earnings. You will see the staking interface: your available balance for staking, your staked and unbonding ATOM and rewards. You can buy ATOM with a credit card or exchange from another cryptocurrency within the wallet.
First, you need to download and install the app. Staking Cosmos (ATOM) with Atomic Wallet is very simple.
Check our step-by-step guide on how to stake ATOM. The process of ATOM staking with the Atomic Wallet is very simple.