How to choose your Cosmos validator
What is Cosmos Network?
Cosmos Network is a blockchain network architecture run by Interchain Foundation. The company is headquartered in Zug, Switzerland and was founded in 2016 by Ethan Buchman and Jae Kwon.
The end goal of Cosmos Network was to create an Internet of Blockchains, a network of blockchains able to communicate. At the moment, a blockchain tends to act as its own universe with almost no way to communicate with the world outside of its network, without third-party.
This is why Cosmos Network came to try creating the foundation for a new token economy.
How to choose your Cosmos Network validator?
Every delegator is free to choose their Cosmos validator depending on their own personal and subjective criteria.
However, we come to introduce a few important aspects to be taken into consideration when making this decision:
- Amount of self-delegated Atoms — This means the amount of Atoms a delegator self-delegated to himself. The greater the amount, higher the liability he shows.
2. Amount of delegated Atoms — This means the amount of Atoms a delegator received from his delegators. A higher amount shows that the community trusts that validator in particularly. However, we need to look at the history of that validator too. We might encountered centralized validators with high amounts, but Blockchain is all about decentralization. So, we shall encourage the small validators too.
3. Commission rate — This is the commission a validator applies to his delegators. Usually one chooses the validator that has the smallest commission rate percentage. Thus, we should also think about the infrastructure behind a project like this and understand that not all validators can sustain the costs from their own pockets and it’s normal to have a commission.
Stake2earn has at this point 0% commission rate. If you want to learn how to delegate with us, please follow the steps here.
4. Take a look at the tech competitiveness of a validator — It’s very important to choose a validator that has technical background and can prove a consistent technical setup, stability, and constant monitoring. Also, keeping infrastructure updated is very important.
5. Choose a validator with a high social reputation — Active validators should be involved in community discussions, support users in chats, create support materials for the community, etc.
For example, stake2earn has a Telegram group where people can write us any question. Also, the chat is available 24/7 on our website. We also create different content for our partners’ users. For example, we’ve created so far two tutorials on how to delegate your ATOMs.
If you have any questions do not hesitate to contact the stake2earn team via e-mail: contact@stake2earn.com
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