What exactly is Tezos (XTZ)?
Tezos is a cryptocurrency built on the proof-of-stake algorithm and which allows making a profit for the baking of new blocks, which is quite like minting with the proof-of-stake protocol. Cryptocurrency staking means that you can earn passive income through owning a stake in the issuance of a coin.
When you stake a coin you get rewarded simply for storing it for a certain period of time in their wallet or any other supported staking wallet. In this case, the larger stake you have, the larger your passive income will be. When you receive a reward for baking like with Tezos you receive it for the baking of new blocks. Currently, the best wallet which supports Tezos staking is ATOMIC WALLET. You can now stake your Tezos in Atomic Wallet.
WHAT IS ATOMIC WALLET?
Atomic Wallet is a decentralized custodian wallet which currently supports 500+
coins and tokens. Atomic wallet is the most convenient way to handle all your crypto assets.
Recently, the staking of Tezos has now been made easier with the Babylon upgrade:
Backers, who participate as network validators, are having an increased delegated stake of being selected as a Baker or Endorser. The reward system for bakers will be changed so that bakers could approve all available block suggestions. https://atomicwallet.io