Decentralized Staking Gets Better with Atomic Wallet

Hello there and welcome to my blog. I trust you have been staying safe and healthy amidst the Covid-19 pandemic.

It is somewhat a good thing that Covid-19 ushered in a new era for the crypto space as we kee seeing several projects hit their hot spots. While enjoying this new tides, I want to steal your attention to the the commonest consensus mechanisms which are:

1. PoW- The Proof-of-Work
2. PoS- The Proof-of-Stake

Like I said, the most common form of these consensus mechanisms is the PoW.
"The most common form of this consensus mechanism is PoW (Proof-of-Work), where all miners put in work (such as using their computing power) to compete for achieving consensus. The grandest example of a PoW coin is, of course, Bitcoin."

However, the PoW algorithm is not as efficient as the PoS. "PoS algorithms are more energy efficient than PoW". This is because it is less expensive, easier and profitable to maintain unlike the PoW and this has encouraged several major projects to opt for this staking-based consensus with their own variations. In this publication, my focus shall shall be on Atomic Wallet's proof-of-stake protocol.

• Decentralized Staking in Atomic Wallet
• Decentralized Staking of AWC

These are two different things entirely. Firstly, let's look at the,

Decentralized Staking In Atomic Wallet

Firstly, in Atomic wallet, you're able to stake your crypto assets without any fees and receive rewards directly from validators. Choose the coins for staking and enjoy decentralized Zero-fee staking. This we call, Decentralized and non-custodial staking which is definitely the best form of staking.

These are several projects currently which have opted for Decentralized kind of staking (PoS) in Atomic wallet some of which include:

1.Tezos (XTZ)
2.Cosmos (ATOM)
3.Tron (TRX)
4.Band Protocol (BAND)
5.Algorand (ALGO)
6.Vechain (VET) etc

Advantages of Decentralized Staking

Decentralized staking otherwise also known as Proof Of Stake consensus algorithm has the following advantages and indeed benefits to consider:

Decentralized is secured
It is easier and simpler to run
Decentralized staking ensures adequate control of your funds as you own and have access to your funds anytime, anyday.
Decentralized staking guarantees security and adequacy of your funds etc

Decentralized Staking of AWC

AWC is the utility token of the Atomic Wallet. It is the cryptocurrency that fuels Atomic Wallet as such that, it seeks to incentivize users of Atomic. One of the several ways AWC rewards user is through the Decentralized Staking of AWC.

What Is Staking

Simply say that Staking is an act or process of holding cryptocurrencies supporting (PoS) in a cryptocurrency wallet e.g (Atomic, Trust wallet) etc.to support the security and to receive rewards also known as Return On Investment (ROI)

"Staking became more and more attractive for cryptocurrency investors. With Atomic, every crypto holder can receive regular rewards in a truly decentralized way. We didn’t collect any fees – you get a profit directly from validators."

Just in the month of June 2020, the Atomic Wallet launched its Proof Of Stake algorithm which rewards users for staking AWC with as much as 17+% yearly ROI.

Steps Of Staking AWC in Atomic Wallet

If you'd want to stake and benefit from the pool of ROI in Atomic wallet staking, you may have to follow these simple guides below:

Download Atomic wallet from here: https://atomicwallet.io/downloads

Once your you have downloaded the wallet, ensure to properly backup your key phrases securely.

Proceed to an Exchange and purchase AWC. Currently, you can purchase Atomic wallet on Binance Dex: https://atomicwallet.io/trade-awc-on-binance-dex or on IDEX exchange: https://idex.market/eth/AWC
Note: Minimum required number of AWC to stake is 10. This gives more rooms for those with small funds to also benefit from AWC staking.

Once purchased, copy your AWC wallet from Atomic wallet and send in the purchased AWC. In few minutes, you should have your your coins arrived from the exchange to your wallet.

Next step is to click on AWC from the staking coin list to stake your Atomic. Ensure to to ensure correct details of your staking amounts.

Once that is done, you will see the staking interface which includes your available balance for staking, your staked and unbounding AWC, and rewards. Click Stake to proceed.

You should get the notification of a successful staking. All you need to do is just sit and enjoy your secured staking. Usually, the rewards are generated once a week with a 20% - 23% yearly.

You can also use the AWC stake calculator to deduce the actual rewards you'd receive by the end of the staking period. You see this is just simple.

Conclusion

Staking crypto is currently the new oil. There are a lot of cryptocurrencies in this wheel of technological advancements. The likes of Atomic Wallet Token, Tezos, Algorand, Tron, Cosmos, Vechain, Band Protocol etc. Are not left behind.

Above analysis is as a result of my own research and seen-potentials in AWC.

You also need to do your own little researches and be satisfied about these projects. Never be propelled to invest in any cryptocurrency you have not made a research on. Nor any cryptocurrency you doubt its potentials. The future is near...and in your hands will determine how bright!

You can find more about AWC staking here: https://atomicwallet.io/awc-staking