Anyone got any quick tips for validators? Decided to try

Question

Cosmos Network ~ $ATOM

seny

Anyone got any quick tips for validators? Decided to try

staking and am trying to understand what commisions and stuff means

#atom #blockchain #cryptocurrency #english

0

04.02.2022

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Zoltan

Avoid exchange validators Do not choose validators which offer 0 commission Better to choose out of top 20 to keep decentralization safe You have chance to separate your Atoms with different validators.

0

04.02.2022

Zoltan · Accepted Answer

Make sure you avoid exchange validators! Other than that...The best validator is always subjective, here are some factors that might help: - Commission Rate: This is the % of earned rewards that go to the validator. Not the % of your total stake, just to eliminate that confusion. - Self-Bonded rate: This is the % of bonded ATOM that belong to the validator. Think of this as their skin in the game. - Decentralization: Choosing the smaller validators helps to decentralize the network which improves security overall. Again, decentralization should be a priority. On this point, centralized exchanges are not the best choice as they don't really support the network at all. You can learn more about each validator in their profiles on the wallets and explorers. The 8-10% is almost for everyone, feel free to use this reward calculator https://www.stakingrewards.com/earn/cosmos Commissions can be changed anytime so keep an eye on your validator via telegram or twitter

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Anyone got any quick tips for validators? Decided to try

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