After writing my good experience with Atomic wallet, I found out about Atom (Cosmos) staking slashing from their FAQ! So, because the articles on Publish0x aren't indexed for long time, I've decided to split the article in two, the old article is about my good experience, and the new one about not so good experience.
So, I had not so good experience only with the following three things:
1. Tezos staking do not work properly. Others have very low interest.
2. Using card for buying crypto with euro is expensive, 5% fee, minimum 10 EUR!
3. Important note about Atom, regarding the danger of loosing your staking funds! Be aware and careful by reading the it FAQ:
Double signing: If someone reports on chain A that a validator signed two blocks at the same height on chain A and chain B, and if chain A and chain B share a common ancestor, then this validator will get slashed by 5% on chain A.
Downtime: If a validator misses more than 95% of the last 10.000 blocks, they will get slashed by 0.01%. (With an average block time of 5 seconds, a validator would need to miss 95% of the blocks over a period of 13 hours and 54 minutes.)
The main question is: Why should I, as a holder, be penalized if the validator is doing wrong or bad thing there?
That's weird, so I have decided to take my funds back from staking Atom. However, another very bad thing is that unbonding funds from staking takes 21 days, so I have to keep the funds blocked for nothing for this long period of time!
The validator is Sikka, just in case you want to go deeper with the research before doing any action by investing your money. Maybe the validator is OK, but if it happens something bad with their server, I lose all the money, and I don't like the idea! Who like it?! So, do your own serious research before investing any money anywhere!
According to Binance research "The Validator nodes involved in the operation of a network have higher requirements for equipment operation and maintenance. Network uptime is a crucial factor and they need to be always operational. If the node encounters problems or in a worst case goes down, it will experience block loss and double signing. They will be subject to a Slashing penalty as enforced by the staking mechanism of the network. Slashing may take some of the tokens staked by the validators or even from the users."
Overall, as I said in the previous article, I am pleased with Atomic wallet functions and design, but not with staking in general, which it can lead to the loss of your investment.
References:
https://atomicwallet.io/
https://www.sikka.tech/
https://research.binance.com/en/analysis/rise-of-staking
