👮♂️ Who is validator?
We all know that PoS blockchains can’t work without validators. But who are they and what exactly are they doing?
⚛️ Since Cosmos Hub is based on Tendermint (a blockchain protocol used to replicate and launch blockchain applications across machines), it relies on a set of validators, which participate in the consensus protocol by broadcasting votes that contain cryptographic signatures signed by each validator's private key.
In order to be in the active set (state when the validator is able to propose new blocks), each validator must stake tokens. They can either bond their own $ATOM or receive delegations from other ATOM holders.
The Cosmos Hub has 175 validators, but over time their number can be increased with governance proposals. Validators are determined by the amount of ATOM delegated to them. The top 175 validator candidates with the most voting power are the current Cosmos validators.
💰Validators and their delegators earn ATOM when the new block is created: the revenue consists of block provision and transaction fees. Validators are able to set their commission (from 0 to 100%) which applies to delegators revenue.
❌ If any validator violates the rules of the network by double signing or being offline for a long period of time, they go to jail, and their staked ATOM (including delegators) can be slashed.
✅ Posthuman is our validator in Cosmos Hub. You can delegate your ATOM and be sure you get not only rewards, but also a great service and even eligibility for $PHMN airdrop. Unlike many other validators, Posthuman offers 100% refund in case of slashing.
🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻
If you want to learn more, please visit Cosmos Hub official documentation. In the next post you will learn how to become a good validator.
We all know that PoS blockchains can’t work without validators. But who are they and what exactly are they doing?
⚛️ Since Cosmos Hub is based on Tendermint (a blockchain protocol used to replicate and launch blockchain applications across machines), it relies on a set of validators, which participate in the consensus protocol by broadcasting votes that contain cryptographic signatures signed by each validator's private key.
In order to be in the active set (state when the validator is able to propose new blocks), each validator must stake tokens. They can either bond their own $ATOM or receive delegations from other ATOM holders.
The Cosmos Hub has 175 validators, but over time their number can be increased with governance proposals. Validators are determined by the amount of ATOM delegated to them. The top 175 validator candidates with the most voting power are the current Cosmos validators.
💰Validators and their delegators earn ATOM when the new block is created: the revenue consists of block provision and transaction fees. Validators are able to set their commission (from 0 to 100%) which applies to delegators revenue.
❌ If any validator violates the rules of the network by double signing or being offline for a long period of time, they go to jail, and their staked ATOM (including delegators) can be slashed.
✅ Posthuman is our validator in Cosmos Hub. You can delegate your ATOM and be sure you get not only rewards, but also a great service and even eligibility for $PHMN airdrop. Unlike many other validators, Posthuman offers 100% refund in case of slashing.
🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻
If you want to learn more, please visit Cosmos Hub official documentation. In the next post you will learn how to become a good validator.