Cosmos Hub 3 Upgrade
Cosmos Hub 3 upgrade has been completed!
Cosmos will upgrade from Hub 2 to Hub 3 shortly. This upgrade will implement all passed governance proposals including:
Max active validator number has been increased to 125.
Deposits for rejected proposal will not be burned anymore unless vetoed.
Community Fund can now be used through governance.
Support the ability to update on-chain parameters without halting or forking.
For the full governance proposal, please review the <url>document</url> on IPFS
Frequently Asked Questions
Here are answers to some of the questions our community has asked us. Get in touch if there's more you would like know.
Cosmos aims to be the internet of blockchains. The Cosmos Hub officially launched in March 2019. To learn more, please take a read through their <url>whitepaper</url>.
New blocks on Cosmos are proposed by validators. To enable Cosmos to run seamlessly, validators need the technical capabilities to offer a secure, always on, infrastructure.
Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.
By delegating ATOMS, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to ATOMS for some time, delegating will help you accumulate more ATOMs while contributing to the health of the network.
You are not giving away ownership of ATOMS by delegating. As a validator, stakefish will never have the ability to move your ATOMS.
Cosmos penalizes any validator that misses too many blocks or double signs a block by slashing the staked amount on that validator. We have our own capital on the line, so we are fully incentivized to do our best to prevent such events. However, delegators must be aware that this slashing risk will always exist.
We charge 4% from the block rewards received by our delegators. For example, if a delegator receives 100 ATOM as a reward, stakefish will receive 4 ATOM while the delegator will get 96 ATOM. We offer one of the lowest fees of the strong proven validators.
Undelegating (also called unbonding or unstaking) can be done anytime. However, it takes approximately 3 weeks for your ATOMs to undelegate and become transferable. This time period exists in order to prevent <url>long range attacks</url>.
If you have any questions about staking or our validator services, please do not hesitate to reach out to us. We are happy to talk with anyone and help navigate community members through this exciting new ecosystem.Get in Touch