Participate with confidence based on Bison Trails’ expertise and experience with Cosmos and other Tendermint-based chains. We were active community members in the Cosmos Gaia testnet for over a year before its mainnet launch, and are committed to supporting Cosmos and its vision of creating the internet of blockchains.
Participate with industry-leading security, including offline-generated validator signing keys and HSM-supported secure backups
Protect your validator nodes from DDoS attacks with our unique node architecture and Equinix-metal infrastructure
Easily access data from the Cosmos Hub blockchain to analyze trends or build robust applications
Delegate to Bison Trails’ non-custodial public validators to earn staking rewards
Manage governance and participation with insights and guidance from our protocol specialists
A Guide to Cosmos by Bison Trails • Navigate to a Section:
Cosmos is a decentralized network of independent parallel blockchains. Cosmos aims to make it easy for teams to custom-build new blockchains that are highly interoperable with others in the Tendermint ecosystem. Due to this interoperability, the chains can easily and securely transfer assets and arbitrary data between one another with low transaction fees and fast speeds. Cosmos launched with Cosmos Hub, the first blockchain in the ecosystem, in 2019.
The protocol’s goal is to increase adoption and liquidity by breaking down the barriers between blockchain economies, creating a so-called internet of blockchains that can communicate swiftly and directly with one another while maintaining their own sovereignty.
The Stargate upgrade enables the hub and zone architecture within the Tendermint ecosystem by turning on the functionality of the IBC protocol. Following Stargate’s implementation, blockchains within the ecosystem can opt in to utilizing the IBC to connect to one another, and can connect to the Cosmos Hub blockchain to interoperate.
ATOM is the native token of Cosmos, used by validators in the Cosmos to secure the network and earn rewards in return. ATOM are also used in the Cosmos Hub to pay for transaction fees.
How to participate on Cosmos
Cosmos is the proof of stake protocol underlying the inter-chain transfer of assets within the Tendermint ecosystem, also tracking the state of the interconnected blockchains. The active set is made up of the 125 validators with voting power determined by the amount of ATOM staked, either self-bonded or via delegation. Active validators are eligible to complete work on the chain and earn rewards. Currently, the minimum stake to be part of the active set is 14k ATOM.
The minimum self-bond for a validator is 1 ATOM; the minimum can only be increased by the SDK validator parameters governing the independent blockchains in the ecosystem. If a validator falls below the minimum self-bond, all of its delegators automatically unbond as a protective mechanism.
Delegation further secures and expands the decentralization of the network. Any ATOM holder can delegate to a validator and will be charged a fee determined by the validator. Fees range from 0-100% of total rewards earned by the delegator, depending on the validator’s goals and capacity. A validator also specifies the maximum rate of change in delegator fee per day (e.g., setting 1% means the validator can increase or decrease their fee by 1% per day). There is a 21 day unbonding period for delegation, during which time the unbonding ATOM does not earn rewards but is eligible for losses due to slashing. Delegators also have voting rights within the protool’s governance.
Rewards on Cosmos
The current annual reward rate for Comos Hub is 8-10%. The rewards rate is calculated by dividing the network’s current inflation rate by the ratio of staked ATOMs in circulation. The protocol’s inflation rate is based on a target of 67% of all ATOMs being staked, with inflation increasing as the percentage of staked ATOMs drops below 67% and the rate decreasing as it rises above. Inflation is a minimum of 7% and a maximum of 20% per year.
Risks of participation on Cosmos
Governance on Cosmos
Staked ATOM holders can submit development proposals, vote, and generally participate in on-chain governance in Cosmos; each staked ATOM counts as one vote. Delegators inherit the vote of the validator they are delegated to unless they submit their own vote, which overrides their validator’s vote.
Within two weeks of a development proposal submission a minimum of 512 ATOM must be deposited to the proposal, which shows support for the proposal and reduces spam. The ATOM may be submitted by the proposer or by any other token holder and are returned when the proposal is either accepted or fails to reach the initial minimum deposit.
If the proposal is accepted it will be implemented as part of the network’s software.
Why run Cosmos nodes with Bison Trails?
Enterprise-Grade Infrastructure Security: As one of the most trusted names in the blockchain infrastructure industry, we have best-in-class security augmented by information, application, and incident management policies.
We designed an intuitive user experience that is surprisingly simple given the complexity of the underlying technology. Our platform’s automatic node management workflow frees our customers from the worry of constantly checking or managing their active participation. We also keep our customers in full control.
Infrastructure and Protocol Engineering Experts:
We’re node, participatory infrastructure, and protocol experts. We test all software, infrastructure, and protocol upgrades on our own infrastructure first ensuring any breaking issues are caught well before propagating changes to our customers’ infrastructure.
Our dedicated protocol specialists keep Bison Trails’ customers up-to-date about changes to the validator ecosystem. They provide advice, insights, and guidance that arms our customers with critical information to better manage their participation.
We are the world’s premier multi-cloud, multi-region infrastructure provider specializing in permissionless participatory networks.
As a non-custodial infrastructure provider, we can work with you to participate in Cosmos regardless of your custody solution.
Cosmos is a decentralized network of independent parallel blockchains.
THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE.
THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.
THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.