How does shared security works? you stake atom and earn

Question

Cosmos Network ~ $ATOM

Sam. no DM

How does shared security works? you stake atom and earn

multiple assets ?

#atom #blockchain #cryptocurrency #english

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11.05.2023

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Zoltan · Accepted Answer

Theoretically, Yes! You delegate your Atoms and earn tokens from consumer chains. But there are critical steps; 1. You should follow Cosmos Forum to learn more details about what new consumer chain will provide(tokens? airdrop? mev fees? staking rewards? etc) for Atom delegators/validators to use Cosmos Hub's security 2. You should follow governance proposals if the consumer chain's proposal will be accepted or not. 3. You should check if your validator is validating on Consumer chains that you can get rewards/tokens from consumer chains. 4. Nothing is mandatory at Cosmos! You should note that consumer chains do not need to hold or lock Atoms to be a consumer chain but they should be approved via governance.

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How does shared security works? you stake atom and earn

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