In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
The process of staking ATOM isn’t too complicated: you can either create a native Cosmos wallet, deposit some coins and begin staking after choosing a validator, or, and that’s an easier way, you can download the CryptoStake app and begin staking Cosmos without worrying about validator’s integrity and efficiency.
CryptoStake offers one of the highest APYs for Cosmos (ATOM) in the industry that exceeds 21%. This cryptocurrency is actually one of the highest yielders that also has a rather uncomplicated staking procedure, which is why it became our prime choice along with Ethereum (ETH, and Polkadot (DOT).
TCryptoStake has the required staking minimum of 10 ATOM, which is more than of the native wallet. This is done to ensure that delegators for our validator carry enough weight to yield high returns.
Download the app for Android or iOS from the corresponding marketplaces.
Create an account by noting down a seed phrase and setting a password.
Choose ATOM as a staking option and transfer the desired amount to CryptoStake's proprietary wallet.
Click "Stake ATOM," and you're in.