Introduction
The Cosmos Hub is based on CometBFT 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 active validators, but over time the number of validators can be changed through governance (MaxValidators parameter). Validator voting power is determined by the total number of ATOM tokens delegated to them. Validators that do not have enough voting power to be in the top 180 are considered inactive. Inactive validators can become active if their staked amount increases so that they fall into the top 180 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.
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.