Overview | Cosmos Hub (2024)

# Introduction

The Cosmos Hub is based on CometBFT (opens new window) that relies on a set of validators that are responsible for committing new blocks in the blockchain. These validators participate in the consensus protocol by broadcasting votes that contain cryptographic signatures signed by each validator's private key.

Validator candidates can bond their own ATOM and have ATOM "delegated", or staked, to them by token holders. The Cosmos Hub has 180 validators (opens new window), but over time the number of validators can be increased with governance proposals. The validators are determined by the total number of ATOM tokens delegated to them — the top 180 validator candidates with the most voting power are the current Cosmos validators.

Validators and their delegators earn ATOM as block provisions and tokens as transaction fees through execution of the Tendermint consensus protocol. Note that validators can set a commission percentage on the fees their delegators receive as additional incentive. You can find an overview of all current validators and their voting power on Mintscan (opens new window).

If validators double sign or are offline for an extended period, their staked ATOM (including ATOM of users that delegated to them) can be slashed. The penalty depends on the severity of the violation.

# Hardware

For validator key management, validators must set up a physical operation that is secured with restricted access. A good starting place, for example, would be co-locating in secure data centers.

Validators are expected to equip their datacenter location with redundant power, connectivity, and storage backups. Expect to have several redundant networking boxes for fiber, firewall, and switching and then small servers with redundant hard drive and failover.

You can find the minimum hardware requirements on the instructions for joining the Cosmos Hub mainnet. As the network grows, bandwidth, CPU, and memory requirements rise. Large hard drives are recommended for storing years of blockchain history, as well as significant RAM to process the increasing amount of transactions.

# Create a Validator Website

To get started as a validator, create your dedicated validator website and signal your intention to become a validator in the Cosmos Discord (opens new window). Posting your validator website is essential because delegators want to have information about the entity they are delegating their ATOM to.

# Seek Legal Advice

As always, do your own research and seek legal advice if you intend to run a validator node.

# Community

Discuss the finer details of being a validator on our community Discord and sign up for the Cosmos newsletter to get regular updates:

I am a seasoned blockchain professional with extensive experience in decentralized networks and consensus protocols. My involvement in various blockchain projects and my in-depth understanding of the underlying technologies make me well-versed in the intricacies of systems like the Cosmos Hub.

Now, let's delve into the concepts highlighted in the provided article:

1. Cosmos Hub and CometBFT:

The Cosmos Hub operates on the CometBFT consensus algorithm, a Byzantine Fault Tolerant consensus protocol. This means it can withstand malicious nodes in the network. Validators play a crucial role in committing new blocks to the blockchain.

2. Validator Responsibilities:

Validators in Cosmos are responsible for broadcasting votes with cryptographic signatures during the consensus protocol. They can bond their own ATOM and receive delegated tokens from other users. The top 180 validators, based on the total ATOM tokens delegated to them, become the active validators.

3. Validator Rewards:

Validators and their delegators earn rewards in the form of ATOM tokens, both as block provisions and transaction fees. Validators can set a commission percentage on the fees their delegators receive, providing an additional incentive.

4. Validator Slashing:

Validators face penalties, including slashing of their staked ATOM, if they double sign or remain offline for an extended period. The severity of the penalty depends on the nature of the violation.

5. Hardware Requirements:

Validators must ensure a secure physical operation for key management, typically in data centers. This includes redundant power, connectivity, and storage backups. As the network grows, bandwidth, CPU, and memory requirements increase.

6. Validator Website:

To attract delegators, validators should create a dedicated website and signal their intentions in the Cosmos Discord. Delegators seek information about the validators they delegate to, making a well-presented website crucial.

7. Legal Considerations:

The article emphasizes the importance of seeking legal advice before running a validator node. Compliance with legal requirements is crucial in the rapidly evolving blockchain space.

8. Community Engagement:

Validators are encouraged to engage with the community on the Cosmos Discord and stay updated through the Cosmos newsletter. Community discussions and regular updates contribute to the overall growth and success of the Cosmos ecosystem.

In conclusion, becoming a validator in the Cosmos network requires a deep understanding of the technical aspects, adherence to hardware requirements, legal considerations, and active participation in the community. Validators play a vital role in maintaining the security and integrity of the Cosmos Hub blockchain.

Overview | Cosmos Hub (2024)

FAQs

Can cosmos reach $10,000? ›

Will Cosmos reach $10,000? Cosmos would need to gain 152,643.40% to reach $10,000. According to our Cosmos prediction algorithm, the price of Cosmos will not reach $10,000. The highest expected price our algorithm estimates is $ 280.85 by Jan 1, 2050.

What is the role of the cosmos hub? ›

The role of the Hub has been to shepherd the ecosystem's adoption: The Cosmos Hub and ATOM are the first and overwhelmingly largest source of funding for the development of IBC, the Cosmos SDK, CometBFT and the rest of the Cosmos stack.

How much is cosmos coin worth in dollars? ›

The live price of Cosmos is $ 6.436117 per (ATOM / USD) with a current market cap of $ 2.52B USD. 24-hour trading volume is $ 119.61M USD.

Who is behind cosmos crypto? ›

Developers Jae Kwon and Ethan Buchman co-founded the Cosmos network in 2014, at the time creating Tendermint, the consensus algorithm that would go on to power Cosmos.

Will Cosmos Skyrocket? ›

The wave count and fractal predictions suggest that Cosmos will be reaching its all-time high by the end of 2025, giving price predictions of $36 and $60, respectively.

Can cosmos reach $500? ›

It might take a few months, or it might take ten years. But, based on factors like the past price action and the promise of the Cosmos blockchain, most Crypto experts and analysts are sure that ATOM token values can increase to the highs of $500 within the next 5 years.

Is Cosmos Hub a good investment? ›

The maximum trade value of the ATOM by the end of 2024 could hit $25.06. Is Cosmos a profitable investment to buy? Yes, Cosmos Atom is a profitable investment to eye on for the long term.

Is Cosmos Hub the same as Cosmos? ›

The Cosmos Hub is the first of thousands of interconnected blockchains that will eventually comprise the Cosmos Network. The primary token of the Cosmos Hub is the ATOM, but the Hub will support many tokens in the future.

What is Cosmos backed by? ›

While Cosmos is designed to support a multitude of tokens, Cosmos' native crypto is ATOM, which is the driving force behind the Cosmos Hub. ATOM serves a variety of functions: Maintaining network consensus. Staking through incentivization-based validator nodes.

Is Cosmos coin legit? ›

All things considered, I can say that Cosmos is a legitimate cryptocurrency project that aims to solve the issues of scalability, interoperability, and sovereignty faced by various other blockchains.

What will Cosmos be worth in 2030? ›

Cosmos (ATOM) Price Prediction 2030
YearPrice
2025$ 6.843454
2026$ 7.185627
2027$ 7.544908
2030$ 8.734175
1 more row

Is cosmos built on ethereum? ›

Ethereum is built as a single blockchain, known for its smart contracts that changed the game. It has one network for all its transactions and contracts. Cosmos, however, is a network of independent blockchains.

Why invest in Cosmos? ›

Investing in Cosmos (ATOM) offers both risks and rewards. On the rewards side, Cosmos has the potential to revolutionize the blockchain industry with its interoperability and scalability solutions. Its strong development team and growing ecosystem contribute to its long-term prospects.

Is Bitcoin on Cosmos? ›

It includes: Cryptocurrencies: Digital or virtual currencies like Bitcoin, Ethereum, and countless others. Decentralized Applications (DApps): Applications that run on a blockchain rather than a centralized server.

Who is the CEO of Cosmos hub? ›

Cosmos Network's Co-Founder is Jae Kwon. Cosmos Network's key executives include Jae Kwon and 1 others.

How high can Cosmos crypto go? ›

The live price of the Cosmos token is . Cosmos price could reach a potential high of $25.06 by the end of 2024. ATOM price could reach a potential high of $89.05 by the year 2030.

How much will Cosmos be worth in 2030? ›

Cosmos (ATOM) Price Prediction 2030
YearPrice
2025$ 6.84564
2026$ 7.187922
2027$ 7.547318
2030$ 8.736964
1 more row

Can an ATOM coin reach $1000? ›

Analysts predict that ATOM's price could reach $1,000 by 2025, driven by the continuous growth of the Cosmos ecosystem, technological advancements, and favorable market trends.

How big will Cosmos get? ›

They have been cultivated for ornamental purposes for centuries and are now grown in many parts of the world as garden plants. Plant size: Cosmos plants usually range from 1 to 6 feet (30 to 180 cm) tall and about 1 to 3 feet (30 to 90 cm) wide.

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