Since Tezbox released the graphical user interface (GUI) for Ledger Nano S it is easy to store your Tezos on your Ledger and delegate your baking rights.

Tezos Delegation on Ledger hardware wallet

How to bake/delegate from your Ledger hardware wallet.

Hardware wallets look like USB devices and contain your private key securing them by a closed environment, not connected to the internet. Storing your Tezos private keys on a hardware is the safest way to store your Tez.

Delegating makes it possible to keep your Tez on your hardware wallet, not connected to the internet and participate in the baking process.

As described above for delegation there is no need to send your Tez somewhere only your delegation rights

Find the tutorial video on “How to store and delegate Tezos from your Ledger” on the site:

What is baking Tezos?

Tezos uses a proof-of-stake protocol. This mechanism secures the network, like the known mining with Bitcoin.

The difference between mining and baking is that your power does depend on the amount of Tez you hold not on the hardware power you have.

Like with mining you will be rewarded to participate in the proof-of stake mechanism with Tezos tokens depending on the amount you bake or delegate.

How to bake Tezos?

Baking on your own:

You can bake on your own by setting up a node and having at least 10,000.00 Tez.

Baking by delegating your baking rights:

The securest and easiest way to take part in the baking process is to delegate your baking rights.

Please note to not send your Tez to someone else. You only send your baking rights to a delegation service. Your tokens will stay on your wallet.

How to find a delegation service

There are several delegation services out there. Please do your own research on the specific service.

A list of community trusted delegation services can be found here:

Direct Links:

More information on Tezos:

Kind regards

Tezard

— You shall not parse! —