Now Stake XTZ with Atomic Wallet: New released Atomic Desktop involves XTZ staking
Tezos (XTX) staking now will be available in the Atomic Desktop as Atomic Wallet has released its new Desktop.
Our new desktop release is out!⚡️
– $XTZ staking
– New coin @aeternity
– @unstoppableweb support
– Adjusted custom fees for sending $ETH
– Instant balance & history updates for $XLM, $XRP
Download Atomic and give us your feedback: https://t.co/nc2OXUsukm pic.twitter.com/20TYJcZMAh— AtomicWallet.io (@AtomicWallet) November 22, 2019
Crypto staking means earning money by owning a stake in the issuance of the coin. Staking is totally different from baking because baking is what in which one is rewarded.
Tezos Staking
Tezos crypto asset is created on the proof-of-stake algorithm and it offers rewards for the baking of new blocks. This process is somehow similar to the minting of the proof-of-stake protocol.
Tezos staking means that you stake a coin and store it for a specific time period and as a result, you receive some rewards. This means that if your stake is larger, you surely are going to earn more profits. You receive rewards for the baking of new blocks.
What is Tezos Baking?
Tezos Baking is something in which you receive rewards. When you bake a new block it means that you should have one roll that is 10,000 XTZ. If you do not possess such amount then you have also the option to share it with the baker. For a single baked block, a baker gets a reward of 16 XTZ. Tezos block takes almost 60 seconds to bake.
If you are baking a Tezos block, you are required to delegate your Tezos share with a baker and then both stakes will be added. You should not need to worry while delegating the Tezos share because the baker would not be able to spend your coin. So this is how the baking is done.
Process of Staking Tezos with Atomic Wallet
The process of staking Tezos with an Atomic wallet is not difficult rather it is very simple. For starting Tezos staking on Atomic Desktop, you should have the Atomic wallet app. Following are the step that you have to follow:
Step1: Open the Atomic Wallet App.
Step2: Then get XTZ.
Step3: Then from the coin list you have to click on the Tezos.
Step4: After that click on the “Stake” button
Step5: You will see the staking interface and then click on Stake to proceed.
Step6: Now you would be able to see validator with network fee and yearly earning. After checking the info, click on Stake.
Step7: Put the password and click on Confirm.
Step8: Now your Tezos staking is complete. After 22 cycles, you will receive your delegated reward within two months.
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