full image - Repost: bros what do you think, how well in general $ATOM stake is decentralized in Cosmos? and why is it so important to spread your stake between different validators? 🤔 (from Reddit.com, bros what do you think, how well in general $ATOM stake is decentralized in Cosmos? and why is it so important to spread your stake between different validators? 🤔)
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we've visualized stake distribution, and many delegators stake with just ONE validator, risking centralization! 🚨down below is a breakdown of "the stake" in #cosmos and so as you can see it's pretty much straightforward1 val - 600k+ addresses2 vals - 100k+ addresses3 vals - 40k+ addresses4 vals - 20k+ addresses...9 vals - 2k+ addresses10 vals - 1665 addresses ‼️so is there any way that we all should follow? of course - diversify your stake to at least 5 validators! * spreading your stake among multiple validators reduces centralization risk and enhances network security ⛓️that means when your stake is concentrated with a single validator, the network becomes more vulnerable and if that validator experiences technical issues, attacks, or goes offline, it can disrupt the entire network's operation, so diversifying your stake helps ensure that the network can withstand such challenges* also, diversification encourages healthy competition among validators 🤝when many validators have a reasonable share of the total stake, they're motivated to provide excellent service and maintain their integrity to attract and retain delegations - this competition benefits the entire network* protection against validator misbehavior 🛡️in the unfortunate event that a validator you've delegated to engages in malicious activities or fails to perform its duties, having your stake spread across multiple validators can limit the impact of such misbehavior on your overall holdings invest smart 😉👊 by diversifying your stake, you actively contribute to a healthier and more resilient Cosmos Hub ⚛️start by researching and selecting validators with strong reputations and performance records- the one who contributes to the growth of the blockchain- the one who has presence in social media and keeps you updated on recent news- the one who is encoraging you to DYOR always!- the one who is literally your BRO!and do NOT stake to TOP10-20 positions, rather delegate your stake to multiple validators to help ensure the network's long-term stability and security let's strengthen Cosmos Hub through informed stake delegation 🙌🥩https://ift.tt/tm2NJMF
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