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KuCoin Soft Staking
What is staking?
Staking is the process of locking up a digital asset (ATOM in the case of the Cosmos Hub) to provide economic security for a public blockchain.
Secure the chain
With ATOM, you have the superpower to contribute to the security and governance of the Cosmos Hub.
Select one or more validators of the Cosmos Hub and start earning crypto assets.
Vote for the future
Staking ATOM grants the right to vote on proposals and make decisions on the future of the network.
When the staking transaction is complete, rewards will start to be generated immediately. At any time, stakers can send a transaction to claim their accumulated rewards, using a wallet.
Staking ATOM is not risk-free. If a validator has downtime or underperforms, a percentage of ATOM delegated to them may be forfeited. To mitigate these risks, it is recommended that ATOM holders delegate to multiple validators.
How to stake ATOM?
For user the best way to stake ATOMs for the average consumer is by delegating to one of the network's validators. There is currently no wallet audited to delegate ATOM. The most secure way is by using the CLI.
ATOM Delegate Tutorials:
Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. Cosmos is an ecosystem of blockchains that can scale and interoperate with each other.