Alex Bond

Research & Analytics at p2p.org.

27 posts
Nucypher NuCypher Brief Overview

<p>NuCypher is a decentralized secret management network where a group of nodes (workers) perform proxy re-encryption to manage permissions on encrypted data instead of a centralized server. It allows safe data exchange without ability for proxies to learn the plain text info. Correctness of worker behavior is guaranteed by staking and cryptographic proofs. Additional token emission incentivizes node operators to maintain high availability infrastructure and in the case of network rules violation a portion of their holdings will be slashed.</p><h3 id="current-state-and-market-potential"><strong>Current state and market potential</strong></h3><p>NuCypher mainnet successfully launched on 15th October 2020 allowing token holders to stake their NU.</p><p>Privacy of sensitive data is a vexed problem and services provided by NuCypher project are attractive and valuable not only in crypto space. The highest growth of<a href="https://www.statista.com/statistics/798564/number-of-us-residents-affected-by-data-breaches/"> data breaches in USA</a> was in the healthcare sector demonstrating 80% increase from 2017 to 2019 including the transmission of confidential data without proper encryption.</p><p>Enterprises also are seeking ways to avoid data leaks and securely manage and share sensitive data.<a href="https://www.marketresearchfuture.com/reports/key-management-service-market-8188"> The Global Key Management as a Service Market</a> market size is expected to grow from $363 million in 2018 to $1,28 billion by 2023 and is estimated to reach $2,29 billion by 2025 during the period 2019–2025.</p><h3 id="token-allocation"><strong>Token allocation</strong></h3><p>NuCypher raised $750k in 2016 ; $4.3 million in 2017 and $10,7 million in 2018. The overall token allocation showed in a diagram below.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/10/image-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/10/image-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/10/image-2.png 1000w, https://economy.p2p.org/content/images/2020/10/image-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><h3 id="staking-economics"><strong>Staking economics</strong></h3><p>In order to participate in the network as a worker and perform re-encryption, node operators have to lock NU tokens. At the start rewards from providing re-encryptions might be low so until the project gets traction, node operators will be incentivized mostly by emission of new tokens. <strong>Holders can delegate their funds and earn a share of rewards in proportion to their stake.</strong></p><p><strong>Compensation is higher when tokens are locked for a longer period.</strong> To get maximum compensation stakers have to lock their funds for at least a year to be allowed to accept policies with longer terms. Shorter commitment will result in lower rewards for participants and they will not be allowed to provide re-encryption if the length of a particular policy is higher than chosen lock-up period. <strong>Staking since the beginning of mainnet with compounding of rewards also will result in higher returns.</strong> The whole stake can be split into sub-stakes where each will have its own lock-up period.</p><p>In existing representation only one staker can delegate to a worker in near future, staker can be a smart contract that accepts delegations from various addresses. We believe in future adoption of NuCypher and will provide the long term staking maximizing staking rewards.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/10/table-14.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/10/table-14.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/10/table-14.png 1000w, https://economy.p2p.org/content/images/2020/10/table-14.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="native-token"><strong>Native token</strong></h3><p>NuCypher token NU is ERC20 token the main purpose of which is to act as a staking token in the network with limited liquidity and low volatility. Amount of provided re-encryptions will be proportional to stake which is guaranteed to be locked at the end time of the policy. Node operators with higher stake presuming higher loss in case of bad behavior and ability to accept policies with longer terms.</p><p>NuCypher based on Ethereum blockchain means that users should have ETH on the worker node’s address to pay tx fees. Workers also share service fees paid by end users in ETH for providing re-encryptions.</p><p>Over 350 000 ETH were locked in the smart contract by participants to take part in<a href="https://blog.nucypher.com/the-worklock/"> WorkLock token distribution model</a> proposed by NuCypher team.</p><h3 id="slashing-risks"><strong>Slashing risks</strong></h3><p>There are two potential slashing conditions:</p><ul><li>Providing incorrect responses</li><li>Continuous downtime</li></ul><p>At network genesis, the protocol will be able to detect and attribute instances of incorrect re-encryptions. If there are many sub-stakes and misbehavior occurs, unlocked tokens which do not participate in staking will be slashed in the first place and then ascending sub-stakes with lower lock-ups.</p><p>A false re-encryption is not like a double-sign. Correctness of a re-encryption can be proved via a zero-knowledge proof. If users receive incorrect re-encryption, they can provide this proof to the network, which will result in the node getting slashed. <strong>For each violation, 2×10−18 NU tokens will be deleted from the offender’s stake</strong>. <br><br>In the future, slashing parameters can be changed by the Decentralized Autonomous Organization (DAO) that is managed by NU stakeholders who operate nodes. It makes NuCypher a community driven project from the very beginning.</p><p>At network launch slashing for worker unavailability is turned off until it will be enabled by the DAO if needed. <strong>Stakers will not receive inflation rewards for any period the node is offline</strong>. A worker that doesn't timely apply updates and constantly experiencing downtime will also miss rewards.</p><h3 id="about-p2p-validator">About P2P Validator</h3><p><a href="https://p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $200 million by over 2000 delegators across 15+ top-notch networks. Our team has close connections with NuCypher and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in NuCypher project in 2017 and intends to support the network in the long term.</p><h3 id="useful-nucypher-resources"><strong>Useful NuCypher resources</strong></h3><ul><li>Website:<a href="https://www.nucypher.com/"> https://www.nucypher.com/</a></li><li>Github:<a href="https://github.com/nucypher/"> https://github.com/nucypher/</a></li><li>Docs:<a href="https://docs.nucypher.com/en/latest/"> https://docs.nucypher.com/en/latest/</a></li><li>Whitepaper Technical:<a href="https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf"> https://github.com/nucypher/whitepaper/blob/master/whitepaper.pdf</a></li><li>Blog:<a href="https://blog.nucypher.com/"> https://blog.nucypher.com/</a></li></ul><hr><p><em>Want to stake NU with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.</em></p><hr><ul><li><strong>Stake NU with us:</strong> <a href="https://p2p.org/nucypher">https://p2p.org/nucypher</a></li><li><strong>Web:</strong><a href="https://p2p.org"> https://p2p.org</a></li><li><strong>Twitter:</strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></li><li><strong>Telegram:</strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></li></ul>

Alex Bond

from p2p validator

Oasis Oasis brief overview

<p>Oasis protocol is a decentralized privacy-preserving platform for cloud computing that allows safe data sharing and ownership enabling computationally complex applications. Oasis provides confidentiality at every layer of the protocol. The network is secured by proof-of-stake where the rectitude of validators responsible for consensus and nodes providing computations is provided by slashing in case of misbehavior. At the outset, validators are incentivized by gradually decreasing emission schedule and transaction fees.</p><h3 id="current-state-and-market-potential"><strong>Current state and market potential</strong></h3><p>Oasis team plans to launch Mainnet Beta (fully featured network with disabled transfers) soon after Mainnet Dry Run that is launched to ensure that the network is healthy.</p><p><a href="https://www.gartner.com/en/newsroom/press-releases/2019-04-02-gartner-forecasts-worldwide-public-cloud-revenue-to-g">Gartner projects</a> the market size and growth of the cloud services industry at nearly three time the growth of overall IT services by 2022. According to <a href="https://www.idc.com/getdoc.jsp?containerId=prUS45340719">IDC forecast</a> worldwide spending on public cloud services and infrastructure is set to double growing from $229 billion in 2019 to almost $500 billion by 2023.</p><p>At the same time more data is stored in the clouds posing higher security and privacy risks which are the most concerning for data owners. The danger of cloud breach <a href="https://leftronic.com/cloud-computing-statistics/">has increased by 18.4% since 2016 while 60% of companies</a> use cloud technology to store confidential data.</p><p>Oasis team addressed privacy issues by implementing<a href="https://docsend.com/view/3aznduk"> Ekiden</a> that allows nodes to perform computations off-chain in a trusted execution environment without access to the data itself.</p><h3 id="token-allocation-and-purpose"><strong>Token allocation and purpose</strong></h3><p>Oasis Labs raised $45 million. The overall token allocation presented in the graph below. Total supply is capped at 10 billion ROSE. For staking rewards foundation allocated ~2 billion ROSE.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/token-dist-oasis-pie.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/token-dist-oasis-pie.png 600w, https://economy.p2p.org/content/images/2020/09/token-dist-oasis-pie.png 695w"></figure><p>Oasis native token is a staking unit with limited liquidity and low volatility serving the purpose of securing the network and incentivizing nodes to follow the protocol rules. Transaction fees are also denominated in ROSE as well as a payment for provided computations after this feature will be enabled.</p><p>There will be no public sale due to regulation risks. To acquire tokens you should wait for official announcements from the Oasis team and listing on exchanges.</p><h3 id="staking-economics"><strong>Staking economics</strong></h3><p>Oasis currently uses Tendermint consensus. Nodes performing confidential computations utilize TEEs to execute smart contracts and do not have access to the data itself while validators finalize transactions and update the state of the blockchain. Oasis network will launch with a focus on the consensus layer of the protocol. <strong><strong>To begin with, rewards from staking will be </strong>~<strong>15% and then  decrease to 1</strong>2<strong>%</strong> in six month.</strong> Holders can delegate their funds increasing overall security of the network and earn a share of rewards in proportion to their stake. There is a minimum required delegation of 100 tokens. Staking since the beginning of mainnet will result in higher returns for delegators.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/table-8-1--1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/table-8-1--1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/table-8-1--1.png 1000w, https://economy.p2p.org/content/images/2020/09/table-8-1--1.png 1368w" sizes="(min-width: 720px) 720px"></figure><h3 id="slashing-risks"><strong><strong>Slashing risks</strong></strong></h3><p>At the time of mainnet launch, the protocol will slash <strong><strong>only for double-signing</strong></strong>. At the start the <strong><strong>minimum amount of 100 tokens will be slashed</strong></strong> and node functioning stopped in order to prevent the node from being over-penalized and resulting in losing delegations. Validators will have to change operating address and attract delegations to participate in consensus. There is <strong><strong>no slash for liveness or uptime at launch</strong></strong>, but a node would need to sign at least 75% of blocks in the epoch to receive corresponding rewards.</p><h3 id="about-p2p-validator"><strong><strong>About P2P Validator</strong></strong></h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $200 million trusted by over 2000 delegators across 15+ top-notch networks. Our team has close connections with Oasis team and we have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in Oasis project and intends to support the network in the long term.</p><h3 id="useful-oasis-resources"><strong><strong>Useful Oasis resources</strong></strong></h3><p>Website:<a href="https://www.oasislabs.com/"> https://www.oasislabs.com/</a></p><p>Github:<a href="https://github.com/oasislabs"> https://github.com/oasislabs</a></p><p>Docs:<a href="https://docs.oasis.dev/overview.html#what-is-oasis"> https://docs.oasis.dev/overview.html#what-is-oasis</a></p><p>Whitepaper:<a href="https://docsend.com/view/grdq39h"> https://docsend.com/view/grdq39h</a></p><p>Non-tech paper:<a href="https://docsend.com/view/5uuhcj3"> https://docsend.com/view/5uuhcj3</a></p><p>Blog:<a href="https://www.oasislabs.com/blog"> https://www.oasislabs.com/blog</a></p><hr><p><em><em>Want to stake Oasis with us? </em>Paul <em>will be happy to help. Contact</em></em> <em>p.pavlov<em>@p2p.org</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>

Alex Bond

from p2p validator

Solana, Serum P2P Validator Joins Serum Project as a Node Operator

<p>This year has been marked by the surge of decentralized finance (DeFi) and rise of a value locked through Uniswap - an automated market maker. Despite this, notable limitations like slow transaction processing, a spike in gas prices and the absence of trustless cross-chain swaps still exist, aggravating user experience.</p><p>Serum is going to eliminate these limitations of DeFi space. It is a <strong><strong>trustless decentralized exchange by design</strong></strong> built on top of Solana blockchain implying low latency and high transaction speed. Serum has <strong><strong>cross-chain support</strong></strong> and does not rely on centralized price feeds. <strong><strong>It is fully interoperable with Ethereum ecosystem</strong></strong> and provides the same trading experience that users get on centralized platforms by being the first high-throughput exchange that has a fully <strong><strong>on-chain orderbook and matching engine</strong></strong>.</p><p>Due to impressive performance qualities <strong><strong>Serum can become a foundational block for DeFi</strong></strong>.</p><p><em><em>With that in mind, P2P Validator is thrilled to announce the launch of Serum node with the mission of fostering DeFi growth and supporting censorship-resistance of value exchange.</em></em></p><p>Our team has extensive experience in setting up secure infrastructure. <strong><strong>P2P Validator maintains high-availability nodes and provides secure staking services for the most groundbreaking projects in the blockchain space</strong></strong>. We are an early Solana investor and active contributor operating a robust validator for mainnet beta. The node infrastructure is under advanced monitoring with 24/7 technical support, backups and alerts.</p><h3 id="about-serum"><strong>About Serum</strong></h3><p><a href="https://projectserum.com/">Serum</a> is a trustless decentralized exchange that enables seamless cross-chain trading and outstanding user experience. It allows fast order placement and on-chain order matching overcoming existing limitations in the space. It was founded by a group including team members from<a href="https://ftx.com/"> FTX</a> and<a href="https://www.alameda-research.com/"> Alameda Research</a> supported by advisors from Compound, BitMax, TomoChain and other notable projects. The list of partners include: Aleph.im, BitMax, FTX, Kyber Network, Leminscap, Multicoin Capital and many other well-established companies.</p><p>Learn more by visiting the<a href="https://projectserum.com/"> Serum Project website</a>,<a href="https://twitter.com/ProjectSerum"> Twitter</a> or<a href="https://t.me/ProjectSerum"> Telegram</a>. To discover Serum ecosystem visit<a href="https://serum-academy.com/en/"> Serum Academy</a>. If you’re a developer, read a technical<a href="https://docs.google.com/document/d/1isGJES4jzQutI0GtQGuqtrBUqeHxl_xJNXdtOv4SdII/edit#"> introduction to Serum</a> and join the discussion on<a href="https://discord.com/invite/MxZFT4v"> Discord</a>.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=serum_intro">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of publishing, <strong><strong>more than 200 million of USD value is staked with P2P Validator by over 2000 delegators across 15+ networks.</strong></strong> We are early Solana investors and contributors having a goal to provide the long term support for the ecosystem.</p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_campaign=serum_intro"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram: </strong></strong><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Polkadot P2P Staking Strategy in Polkadot Before DOT Transfers

<p>Polkadot staking has successfully launched. Validator elections has been held and issuance of first rewards has been started. If you have not nominated yet it is a good time to <a href="https://economy.p2p.org/polkadot-nomination-guide?utm_source=strategy&amp;utm_campaign=strategy">do it now</a>.</p><p>P2P Validator has more than three years of experience as a non-custodial staking provider. We make staking clear and attractive to simplify the process, incentivizing token holders to secure the network. <strong><strong>The main goal of our staking strategy is maximizing rewards for token holders.</strong></strong></p><p>To reach that goal in Polkadot, we have been validating Kusama since the first day to polish our approach. Currently, we operate over 25 Kusama nodes with 300,000 KSM nominations and provide <strong><strong>~15% benefit for our nominators compared to average.</strong></strong></p><p>Below I will briefly describe a <strong><strong>temporary approach we are taking while DOT transfers are not enabled</strong></strong>.</p><p><a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy">Nominate P2P</a> to take part in this exciting journey.</p><h1 id="staking-in-polkadot"><strong>Staking in Polkadot</strong></h1><p>In Polkadot nominators don't choose the amount delegated to a particular validator. <strong><strong>Instead, they select preferred validators and their bonded stake automatically spreads amongst them</strong></strong> to achieve an optimal distribution. Each token holder can pick up to 16 targets and the system will decide which ones will receive a delegation and the amount.</p><p>Nominations represent stake-weighted voting for validators who compete for the active set. In the long term validators in the active set receive equal rewards meaning that the least staked node can potentially be more efficient.</p><p>For example, assuming 0% commission, a nominator with <code>10 000 DOT</code> will receive 50% if the total stake of a validator is <code>20 000 DOT</code> and only 25% if <code>40 000 DOT</code>. But, if a staking provider does not have enough votes it can remain outside of the active set.</p><p>To provide sustainable services <strong><strong>validators need to find an optimal relation between the number of nodes and their total nominated stake</strong></strong>. We run multiple nodes to provide an even distribution of stake for our nominators.</p><h1 id="dynamic-adjustment-strategy"><strong>Dynamic adjustment strategy</strong></h1><p>The lower threshold of nominated stake decreases as the number of available seats in the active set increases and we will adjust to it <strong><strong>retaining the number of our active nodes to be always one unit higher than the number that can win in elections</strong></strong>.</p><p>The reserved validator will enter the active set if it is expanded or more token holders vote for these nodes. Once this happens tokens will be distributed amongst the higher quantity resulting in a lower stake on each node. In this case nominators get a higher share in it. To explain the idea let's look at an example, which is simplified for better understanding.</p><h3 id="example"><strong>Example</strong></h3><p>Let's assume that <code>12 000 DOT</code> is required to win in elections and <code>30 000 DOT</code> is staked with three validators two of which are in the active set while the third one is in reserve. In this case, tokens will be evenly distributed among the two active ones resulting in <code>~15 000 DOT</code> staked with each of them.</p><p>If nominators vote for these three nodes with an additional <code>6 000 DOT</code> or the number of validators in the active set increases, the reserved validator will most likely win in the next elections. Stake of nominators will be redistributed resulting in <code>~10 000 DOT</code> per node and nominators will obtain a higher share. We will set a new reserve node that nominators can include in their nomination list in case of future changes.</p><hr><p>This temporary strategy will help us to remain flexible in the changing conditions of the network optimizing staking return for nominators who included all validators.</p><p>Currently, <strong><strong>we have ten nodes</strong></strong>, which you can<a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy"> add to your nomination list</a>.</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $40 million by over 1500 delegators/nominators across 15+ top-notch networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected] We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=strategy">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Polkadot 3 reasons to stake DOT right now

<p>Transition to NPoS is expected to happen this week. Validator elections and rewards will be activated during this stage. <strong><strong>Is it reasonable to stake at the very beginning or better to wait for exchange listings and activation of token transfers?</strong></strong></p><p>There are more arguments for early staking, than against.</p><h1 id="time-is-rewards"><strong>Time is rewards</strong></h1><p>During NPoS, all nominators will earn staking rewards. <strong><strong>For those who haven't nominated yet, each day will result in a missed opportunity to receive additional interest</strong></strong> on their DOT holdings.</p><p>The period between NPoS and transfer activation is not defined. Some time will be taken to ensure that the network is stable enough before the next steps. After the enablement of decentralized governance, a technical committee and first councils should be elected. It will take at least 14 days. After that, someone will make a runtime upgrade proposal to remove sudo module, voting will take 28 days with an additional 30 days of enactment period before the upgrade.</p><p>If a proposal to enable transfers will be the next one it will also take 28 days to vote for and 30 more days of enactment period. To sum up, <strong><strong>more than 4 months and more than one third of annual DOT rewards can be lost just waiting for the right moment to stake</strong></strong>.</p><h1 id="lower-staked-dot"><strong>Lower staked DOT</strong></h1><p>In the early days of the network the number of staked DOT will start from a lower value and will increase gradually over time as new holders will join staking. Assuming a constant number of validators before network stabilization, the barrier for a node to enter the active set will be lower in the beginning.</p><p>The average annual percentage return for a nominator depends on his share in the validator's total stake. It means that <strong><strong>nominators who stake early obtain a bigger share in the validator pool receiving a higher portion of rewards</strong></strong>. With enabled compounding nominators will be able to retain or even increase their share.</p><p>If Joe has 15,000 DOT and the total stake of a validator is 30,000 DOT, Joe will receive one half of the rewards obtained by this validator node. If the total validator stake is 45,000 DOT Joe will receive only one third. In this example, commission rate is not taken into consideration for illustrative purposes.</p><p>After raising the number of validator slots in the set, the barrier will decrease as well as the average stake among active validators meaning that the nominator's staking returns might increase even more.</p><h1 id="you-shall-not-miss"><strong>You shall not miss</strong></h1><p>Polkadot investors have been waiting more than three years for a return on their initial investment. Some are worried that locking DOT in staking can interfere with a quick reaction when DOT become transferable and appear on exchanges.</p><p>Enablement of transfers will be approved by the community of DOT holders via governance. The proposal will be voted for 28 days and if it is accepted, there will be an enactment period of 30 days before the upgrade. <strong><strong>Tokens of participants who cast a Yay vote will be locked.</strong></strong></p><p>In Polkadot, it is possible to vote without locking DOT in the enactment period, in this case, the weight of a vote will be decreased by 90%. There will be enough time to initiate unbonding for those who wish to fix a portion of DOT holdings as soon as possible. It is much more attractive than refusing three months of additional interest.</p><p>In addition, we will notify nominators about the most important milestones and provide individual assistance in our<a href="https://t.me/P2Pstaking"> Telegram chat</a>.</p><h1 id="staking-in-polkadot-is-simple"><strong>Staking in Polkadot is simple</strong></h1><p>If you lack educational information and can't find guides explaining the required steps, read the detailed guides we have prepared to simplify the process:</p><ol><li><a href="https://economy.p2p.org/create-account-in-polkadot-network/">Create a Polkadot account</a></li><li><a href="https://economy.p2p.org/claim-dot-with-polkadotjs">Claim DOT tokens</a></li><li><a href="https://economy.p2p.org/polkadot-nomination-guide/">Nominate validators</a></li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=reasons_to_stake">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 40 million of USD value. At the time of publishing, P2P Validator is trusted by over 1000 delegators across 15+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alexey via [email protected] We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=reasons_to_stake"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=reasons_to_stake">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Polkadot Create Account in Polkadot Network

<p><em><em>This guide will walk you through the steps of creating Polkadot account and receiving individual address to <a href="https://economy.p2p.org/claim-dot-with-polkadotjs">claim DOT</a> tokens and <a href="https://economy.p2p.org/polkadot-nomination-guide">start nominating</a>.</em></em></p><p><a href="https://economy.p2p.org/create-account-in-polkadot-network#create-an-account-using-polkadotjs-ui">Create an account using Polkadot.JS UI</a></p><p><a href="https://economy.p2p.org/create-account-in-polkadot-network#create-an-account-using-polkadotjs-browser-extension">Create an account using Polkadot.JS browser extension</a></p><h1 id="create-an-account-using-polkadotjs-ui"><strong>Create an account using PolkadotJS UI</strong></h1><p>Visit <a href="https://polkadot.js.org/apps/#/accounts">Polkadot UI</a>, go to <code>Settings</code> tab and select <code>address prefix</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-4.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1-4.png 1600w, https://economy.p2p.org/content/images/2020/09/1-4.png 1899w" sizes="(min-width: 720px) 720px"></figure><p>In a dropdown menu select Polkadot (live).</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-7.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-7.png 1600w, https://economy.p2p.org/content/images/2020/09/2-7.png 1899w" sizes="(min-width: 720px) 720px"></figure><p>Set the node/endpoint. Choose one hosted by Parity or Web3 as on screenshot below and click <code>Save &amp; Reload</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-6.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-6.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3-6.png 1600w, https://economy.p2p.org/content/images/2020/09/3-6.png 1901w" sizes="(min-width: 720px) 720px"></figure><p>Go to <code>Account</code> tab and press <code>Add account</code> button. Polkadot mainnet address should start with "1".</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-3.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4-3.png 1600w, https://economy.p2p.org/content/images/2020/09/4-3.png 1906w" sizes="(min-width: 720px) 720px"></figure><p>Complete all the required fields and save all information in a secure place. For future ease add in the name of the account “stash” to identify it easily in the future or add a tag after creation. You will be able to download and store your encrypted keystore locally.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-3.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5-3.png 1600w, https://economy.p2p.org/content/images/2020/09/5-3.png 1902w" sizes="(min-width: 720px) 720px"></figure><p>Press <code>Save</code> and backup your account.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/6-1.png 1600w, https://economy.p2p.org/content/images/2020/09/6-1.png 1901w" sizes="(min-width: 720px) 720px"></figure><p>For secure staking you will need to have at least two accounts:</p><p><strong><strong>Stash</strong></strong> - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.</p><p><strong><strong>Controller</strong></strong> - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.</p><p>Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. <strong><strong>After enablement of token transfers</strong></strong>, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.</p><h1 id="create-an-account-using-polkadotjs-browser-extension"><strong>Create an account using PolkadotJS browser extension</strong></h1><p>As an alternative way of creating Polkadot account you can use Polkadot.JS browser extension. It is available for Chrome and Mozilla users.</p><p>First install the extension:</p><ul><li><a href="https://addons.mozilla.org/en-US/firefox/addon/polkadot-js-extension">Mozilla</a></li><li><a href="https://chrome.google.com/webstore/detail/polkadot%7Bjs%7D-extension/mopnmbcafieddcagagdcbnhejhlodfdd?hl=en">Chrome</a></li></ul><p>You will see the orange logo in the menu bar.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/7-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/7-1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/7-1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/7-1.png 1600w, https://economy.p2p.org/content/images/2020/09/7-1.png 1877w" sizes="(min-width: 720px) 720px"></figure><p>Open the PolkadotJS plugin and press <code>Create New Account</code> or simply press the cross in the middle.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/8-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8-1.png 600w, https://economy.p2p.org/content/images/2020/09/8-1.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Write down or copy your seed phrase and go to the next step. If you will try to paste it before finishing the process, extension window will close so you will need to repeat this step.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9-1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/9-1.png 600w, https://economy.p2p.org/content/images/2020/09/9-1.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Choose the name of account and set a secure password. Press the orange button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/10.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/10.png 600w, https://economy.p2p.org/content/images/2020/09/10.png 800w" sizes="(min-width: 720px) 720px"></figure><p>You will see the account in the extension menu. Now you can paste a seed phrase if you copied it in a previous step. Now check that address displays as a Polkadot mainnet address that should start from "1". Press a "gear" in the right top corner. In the dropdown menu choose Polkadot (live). Click <code>back</code> and you will see that address will transform. Now you can copy it to save as a plain text.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/11.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/11.png 600w, https://economy.p2p.org/content/images/2020/09/11.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Download a backup JSON by pressing three dots and choosing <code>Export Account</code>. The extension will ask you to enter the password which you specified in a previous step.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/12.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/12.png 600w, https://economy.p2p.org/content/images/2020/09/12.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Now you can visit <a href="https://polkadot.js.org/apps/#/accounts">Polkadot UI</a> and let the extension to add your account. If there was no such intention you can simply press <code>Restore JSON</code> and drug the backup file saved in a previous step. Even if you haven't changed the address format to Polkadot (live) in extension it still can be imported to the <a href="https://polkadot.js.org/apps/#/accounts">Polkadot UI</a> and transformed in a <code>Settings</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/13.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/13.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/13.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/13.png 1600w, https://economy.p2p.org/content/images/2020/09/13.png 1899w" sizes="(min-width: 720px) 720px"></figure><p>For secure staking you will need to have at least two accounts:</p><p><strong><strong>Stash</strong></strong> - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.</p><p><strong><strong>Controller</strong></strong> - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.</p><p>Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. <strong><strong>After enablement of token transfers</strong></strong>, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_create_account">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $40 million by over 1000 delegators/nominators across 15+ top-notch networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Now you have an account in Polkadot. The next step is to <a href="https://economy.p2p.org/how-to-claim-dot-tokens-with-pokadot-js">claim DOT</a> and <a href="https://economy.p2p.org/how-to-nominate-validators-in-polkadot">start nominating</a>. If you have any questions, join our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_create_account"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_create_account">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Polkadot Claim DOT With PolkadotJS

<p><em><em>This guide will walk you through the process of claiming DOT tokens. Make sure that you have <a href="https://economy.p2p.org/create-account-in-polkadot-network">created Polkadot account</a>. After successful claim you can <a href="https://economy.p2p.org/polkadot-nomination-guide">start nominating</a>.</em></em></p><h1 id="claim-your-dot"><strong>Claim your DOT</strong></h1><p>After account registration you need to claim your DOT. Go to the <a href="https://polkadot.js.org/apps/#/claims">claim app</a> on Polkadot UI, select your account and press <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-3.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1-3.png 1600w, https://economy.p2p.org/content/images/2020/09/1-3.png 1882w" sizes="(min-width: 720px) 720px"></figure><p>Paste the Ethereum fundraiser address in the field to connect it with Polkadot account and press <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-5.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-5.png 1600w, https://economy.p2p.org/content/images/2020/09/2-5.png 1889w" sizes="(min-width: 720px) 720px"></figure><p>You will need to sign the message in a grey box with the ETH address that has DOT indicator tokens and paste the transaction signature in the empty box below.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-5.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3-5.png 1600w, https://economy.p2p.org/content/images/2020/09/3-5.png 1888w" sizes="(min-width: 720px) 720px"></figure><p>To sign a transaction you can use MyCrypto (MC) or MyEtherWallet (MEW). For increased security, you can run one of the preferred applications on your local computer. Make sure that you have downloaded the latest version for your operating system.</p><p>In MC go to <code>Sign &amp; Verify Message</code>, in MEW go to <code>Message</code> tab. Copy text from the dotted box in the Polkadot claim app you used at the start and paste it into the empty message box in the MC or MEW and click <code>Sign</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4-2.png 1600w, https://economy.p2p.org/content/images/2020/09/4-2.png 1888w" sizes="(min-width: 720px) 720px"></figure><p>After that you will get an output. Copy and paste it into the empty box in the Polkadot claim app and press <code>Confirm claim</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-2.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5-2.png 1600w, https://economy.p2p.org/content/images/2020/09/5-2.png 1911w" sizes="(min-width: 720px) 720px"></figure><p>If you have a valid claim you will see a green box with the amount of DOT. Press <code>Claim</code> and then press <code>Submit (no signature)</code> to finish the process. Go to the <code>Account</code> tab and verify that tokens have appeared on the balance of your account.</p><p>Now you are able to take part in staking and nominate, token transfers are prohibited at the moment.</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_claim">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $40 million by over 1000 delegators/nominators across 15+ top-notch networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Have issues with claiming your DOT? Ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_claim"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_claim">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Polkadot Polkadot Nomination Guide

<p><em><em>This guide will help you to nominate validators in Polkadot network. Make sure that you have <a href="https://economy.p2p.org/create-account-in-polkadot-network">created account</a> with mainnet address and <a href="https://economy.p2p.org/claim-dot-with-polkadotjs">claimed DOT</a> tokens.</em></em></p><h1 id="nominate-validators"><strong>Nominate validators</strong></h1><ol><li>Visit the<a href="https://polkadot.js.org/apps"> Polkadot UI</a> and select <code>Staking</code> tab. Choose <code>Account actions</code> in the top menu and press <code>+ Nominator</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/TTNYJu1.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/TTNYJu1.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/TTNYJu1.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/TTNYJu1.png 1600w, https://economy.p2p.org/content/images/2020/09/TTNYJu1.png 1917w" sizes="(min-width: 720px) 720px"></figure><p>2.   In the modal window choose your stash account and a controller account (in our case they are the same and their names and addresses will match). Put the number of DOT you are willing to bond. <strong><strong>This amount should be less than the total amount in your stash</strong></strong> to pay tx fees or set a separate controller account for your stash account in future. It is recommended to leave at least 5% not bonded.</p><p>3.   Press <code>next</code> button.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/xm1ImvS.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/xm1ImvS.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/xm1ImvS.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/xm1ImvS.png 1600w, https://economy.p2p.org/content/images/2020/09/xm1ImvS.png 1916w" sizes="(min-width: 720px) 720px"></figure><p>4.    At this step you will be able to nominate up to 16 validators. Choose validators from the left box. You can easily find a particular validator by pasting his address in the blank search field.</p><p>You cannot specify the amount delegated to a particular validator, bonded stake automatically will spread among selected validators by the algorithm after transition to NPoS.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5ijByOs.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5ijByOs.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5ijByOs.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5ijByOs.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/5ijByOs.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>5.   To nominate P2P Validator pick all <code>P2P.ORG</code> from the left column or simply <strong><strong>copy our addresses one by one in the order indicated below</strong></strong> and paste them in the search field. Don't press <code>Bond &amp; Nominate</code> button until you add all addresses.</p><p><strong><strong>You can find an up-to-date list of recommended addresses on <a href="https://p2p.org/polkadot">our website</a>.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/RzkWNrT.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/RzkWNrT.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/RzkWNrT.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/RzkWNrT.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/RzkWNrT.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Clear the search field if you used it and <strong><strong>repeat that step for all addresses</strong></strong>. After adding all addresses clear the search field and check that <strong><strong>all addresses are presented in the right column</strong></strong>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/acURVHP.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/acURVHP.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/acURVHP.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/acURVHP.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/acURVHP.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Press <code>Bond &amp; Nominate</code> button and confirm the transaction.</p><p>6.    After that your funds will be locked. They will become available only after <strong><strong>unbonding</strong></strong> that <strong><strong>will last for 28 days after initiating</strong></strong>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/iSJGVno.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/iSJGVno.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/iSJGVno.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/iSJGVno.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/iSJGVno.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>7.    In the <code>Account actions</code> you will see your bonded account. Your nomination will be in <code>Waiting</code> status until the transition to NPoS. After that system will distribute your stake in an optimal way and you will see that nomination status changed on <code>Active</code> at least for one target and you will receive DOT rewards.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/X9umYEL.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/X9umYEL.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/X9umYEL.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/X9umYEL.png 1600w, https://economy.p2p.org/content/images/size/w2400/2020/09/X9umYEL.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>To edit your nominations press the button with three dots in <code>Account actions</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/gWO32vj.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/gWO32vj.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/gWO32vj.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/gWO32vj.png 1600w, https://economy.p2p.org/content/images/2020/09/gWO32vj.png 1734w" sizes="(min-width: 720px) 720px"></figure><p>Choose <code>Set nomenees</code> and simply repeat step #5 .</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/W1bJnmp.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/W1bJnmp.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/W1bJnmp.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/W1bJnmp.png 1600w, https://economy.p2p.org/content/images/2020/09/W1bJnmp.png 1734w" sizes="(min-width: 720px) 720px"></figure><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_nominate">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $100 million by over 1000 delegators/nominators across 15+ top-notch networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Now you can officially call yourself a nominator. You are fully prepared to earn rewards immediately after the transition to NPoS. Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram chat</a> or contact Alex via [email protected] We are always open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_nominate"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polkadot_nominate">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Alex Bond

from p2p validator

Cosmos P2P Validator helps to carry out development of Random Beacon for Cosmos

<p>P2P Validator’s team successfully carried out the development of BLS-based Random Beacon to provide Cosmos application-specific blockchains with an unbiased source of entropy. The code is<a href="https://github.com/corestario/tendermint"> open-sourced</a> and available for further exploration by the community. This implementation of Random Beacon opens new possibilities for projects that require truly unpredictable randomness in their decentralized products.</p><p><strong><strong>Our team will continue to develop features that can bring more users and add more value to the Cosmos ecosystem</strong></strong>. If you want to support our initiatives the best way is to<a href="https://p2p.org/cosmos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_random_beacon"> stake ATOM with us</a>.</p><h3 id="high-level-overview"><strong>High level overview</strong></h3><p>Random Beacon is a cryptographic primitive that periodically outputs random numbers which are publicly available and verifiable by any party. Random Beacon requires several important properties:</p><ul><li>Availability (or liveness) — an adversary cannot prevent a random number generation process.</li><li>Unpredictability — an adversary cannot predict the protocol outcome (a random value).</li><li>Bias-resistance — an adversary cannot influence future values to their advantage.</li><li>Public-Verifiability — anyone can verify the protocol’s outcome.</li></ul><p>In a decentralized environment the ability to generate provably random outputs is critical to protect applications from manipulations and get rid of centralized random number sources. It can also be helpful for data protection as random numbers are used in the generation of cryptographic keys, establishing connections, internal sequences and so on.</p><p><em><em>Randomness can be useful for numerous blockchain applications:</em></em></p><ul><li>gaming, gambling and lotteries (e.g. PoolTogether)</li><li>cryptographic sortition in consensus for leader or quorum selection (e.g. DFINITY, Elrond, ThunderCore, Cardano)</li><li>cryptographic sortition for financial applications (e.g. tBTC-like collateralized bridges)</li><li>elections, sociology and statistics</li><li>advanced cryptography, mixnets and other protocols that require randomness to provide privacy or security</li></ul><p>Implementation of Tendermint with BLS-based random beacon - Arcade, provides each block with a random number that can be safely used during block processing without changing original Tendermint security assumptions.</p><h3 id="bls-based-random-beacon-in-tendermint"><strong>BLS-based Random Beacon in Tendermint</strong></h3><p>We wanted our in-built pseudo random number generator (PRNG) to be suitable for applications like games and gambling: that means fast and unbiasable (many random beacons used for consensus are slightly biasable, what's fine for cryptographic sortition but is not suitable for a game like blackjack). Preferably it should be available at every block.</p><ol><li>Unbiasable</li><li>Small rounds (a few seconds at most)</li><li>Publicly verifiable</li><li>Small receipt (under 10kb)</li><li>Decentralizible</li><li>Safety and liveness similar to original Tendermint</li><li>Sybil resistant</li><li>Censorship resistant</li></ol><p>The most suitable random beacon to satisfy constraints is a BLS Threshold Signature-Based Beacon, proposed by the DFinity team. To build it we expanded a pre-commit step in the Tendermint consensus.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/kkYo5H6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/kkYo5H6.png 600w, https://economy.p2p.org/content/images/2020/09/kkYo5H6.png 782w" sizes="(min-width: 720px) 720px"></figure><p>The idea works by expanding a pre-commit step of Tendermint consensus: <strong><strong>validators send not only pre-commit but also add partial BLS threshold signatures</strong></strong>. This allows every new block to come out with a freshly generated random number.</p><p>The outlined PRNG is available at every block and suitable for building randomness-dependent applications within the Cosmos ecosystem. We also built a Cosmos SDK adaptation that can interact with the random number in the block, and a reseeding module that is capable of bringing external randomness to deterministic BLS-based PRNG.</p><p>BLS threshold signatures need a key generation step. We implemented an off-chain distributed key generation based on Pederson distributed key generation (DKG), and an on-chain fallback that provides the ability to both attest and slash in cases when off-chain DKG fails.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 40 million of USD value. At the time of publishing, P2P Validator is trusted by over 1000 delegators across 15+ networks.</p><hr><p><em><em>Want to stake with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Stake ATOM with us:</strong></strong> <a href="https://p2p.org/cosmos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_random_beacon">https://p2p.org/cosmos</a></p><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/">https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram chat:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p><p><strong><strong>Telegram announcement:</strong></strong> <a href="https://t.me/p2porg">https://t.me/p2porg</a></p>

Alex Bond

from p2p validator

Polkadot Polkadot Brief Overview

<p>Polkadot is a decentralized ecosystem of parallelized blockchains called parachains. They can be used for various cases and are able to communicate seamlessly while parallel transaction processing drastically increases scalability. Polkadot implemented shared security meaning that all parachains share their state and are verified by a single validator's set of a Relay Chain. Separate blockchains can also be linked to the Polkadot ecosystem via bridges.</p><p>Developers can utilize Substrate, a framework for building parachains, to minimize the effort of constructing their own blockchain and seamlessly join to the Polkadot ecosystem. The network is permissionless and governed by the DOT token holders on-chain in a truly decentralized manner.</p><h3 id="current-state-and-market-potential"><strong>Current state and market potential</strong></h3><p>Polkadot mainnet is expected to launch by the end of May as a Proof-of-Authority chain with gradual transition to Nominated-Proof-of-Stake.</p><p>Interoperability is an important component for the evolution of blockchains. The benefit of a single network is limited by its capabilities and design solutions. The ability to interoperate seamlessly and utilize some unique features of each other will bring new use cases across interconnected projects and increase the synergy of cumulative value flow.</p><p>The closest analogy to Polkadot Relay Chain is Cosmos Hub secured by the ATOM token, which has a market capitalization of more than $500 000 000 on the date of writing. The Polkadot’s concept of shared security can drive additional demand for DOT token resulting in a higher initial token price and market capitalization at launch.</p><h3 id="token-allocation-and-purpose"><strong>Token allocation and purpose</strong></h3><p>Web3 Foundation raised ~$144 million. The overall DOT token allocation looks as follows:</p><ul><li>50% of DOT tokens sold via ICO in 2017</li><li>50% remain with the foundation where 20% are reserved for future sales or other ways of distribution to the public and 30% to support the Polkadot ecosystem growth</li></ul><p>DOT is the native token of the Polkadot Relay Chain the main purpose of which is to host multiple parachains and form the robust validator set to provide shared security making interchain transactions trust-free. DOT holders will be able to influence the future development of Polkadot ecosystem by participating in governance. Another purpose is to select validators who will be the active set by bonding their DOT and nominating. In order to join Polkadot ecosystem, parachains will need to lock a certain amount of DOT and get approval from the community.</p><p>There is no information available regarding the additional sale before mainnet launch. To acquire tokens you should participate in Kusama as <strong><strong>one percent of DOT tokens at genesis are reserved as a reward for Kusama stakeholders and active community</strong></strong>. The distribution scheme has not been finalized yet.</p><p>Otherwise, you should wait for official announcements from Web3 Foundation and listing on exchanges.</p><h3 id="staking-economics"><strong>Staking economics</strong></h3><p>Polkadot currently uses hybrid consensus algorithm GRANDPA/BABE. Validator nodes verify blocks of Relay Chain and hosted parachains and earn DOT rewards. Polkadot Relay Chain will launch as a Proof-of-Authority chain with smooth transition to NPoS. <strong><strong>Staking rewards depend on annual network emission which is a function of staked tokens</strong></strong>. The maximum value of 10% annual emission is achieved at 50% of tokens at stake resulting in ~20% APR. If the staked percentage surpasses 50% then network emission will decrease drastically. Holders can nominate validators they believe and trust increasing overall security of the network and earn a share of rewards in proportion to their stake in the validator pool.</p><p>In Polkadot, due to the fact that validators perform the same job for the network, they have equal chances to produce a block regardless of their stake. Era rewards are distributed among the active validators meaning that with a rising number of active nodes the reward per validator pool will be lower.</p><p>There is no minimum required to become a nominator but balance must have at least 0.01 DOT and should be sufficient to pay transaction fees. Staking since the beginning of the mainnet will result in higher returns for nominators.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/I3IshhC.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/I3IshhC.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/I3IshhC.png 1000w, https://economy.p2p.org/content/images/2020/09/I3IshhC.png 1368w" sizes="(min-width: 720px) 720px"></figure><p>*<em><em>If 50% tokens are nominated and validators have equal stake.</em></em></p><h3 id="slashing-risks"><strong>Slashing risks</strong></h3><p>If a validator misbehaves there are<a href="https://research.web3.foundation/en/latest/polkadot/slashing/amounts.html"> 4 levels of punishment</a> depending on the severity of misconduct.</p><p>In the case of an <strong><strong>isolated downtime</strong></strong>, the nominated stake won't be slashed but the validator will be removed from the active set and next election without receiving a reward. If it happens repeatedly or more than 10% of validators go offline simultaneously then the nominations of the offending validator will be lost and a portion of a stake will be slashed.</p><p><strong><strong>Isolated GRANDPA equivocation</strong></strong> occurs if a validator signs two or more votes on different chains in the same round. <strong><strong>Isolated BABE equivocation</strong></strong> occurs if the validator produces two blocks on the Relay Chain in the same time slot. In both cases the punishment will be more severe.</p><p>In the case of a validator’s hacks or low level of coordination like <strong><strong>simultaneous BABE/GRANDPA equivocation</strong></strong> by multiple operators, up to 10% of a stake can be slashed.</p><p>If validators form large cartels and pose a serious security risk then punishment can be even bigger - up to 100% slashing.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polka_brief">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $40 million by over 1000 delegators/nominators across 15+ top-notch networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><h3 id="useful-polkadot-resources"><strong>Useful Polkadot resources</strong></h3><p>Website: <a href="https://polkadot.network/">https://polkadot.network</a></p><p>Github: <a href="https://github.com/paritytech/polkadot/">https://github.com/paritytech/polkadot/</a></p><p>Docs: <a href="https://wiki.polkadot.network/docs/en/">https://wiki.polkadot.network/docs/en/</a></p><p>Web3 research: <a href="https://research.web3.foundation/en/latest/polkadot/">https://research.web3.foundation/en/latest/polkadot/</a></p><p>List of grantees: <a href="https://wiki.polkadot.network/docs/en/grants">https://wiki.polkadot.network/docs/en/grants</a></p><p>Claim DOT tokens: <a href="https://claims.polkadot.network/">https://claims.polkadot.network/</a></p><p>Whitepaper: <a href="https://polkadot.network/PolkaDotPaper.pdf">https://polkadot.network/PolkaDotPaper.pdf</a></p><p>Litepaper: <a href="https://polkadot.network/Polkadot-lightpaper.pdf">https://polkadot.network/Polkadot-lightpaper.pdf</a></p><p>Overview and design considerations: <a href="https://github.com/w3f/research/blob/master/docs/papers/OverviewPaper-V1.pdf">https://github.com/w3f/research/blob/master/docs/papers/OverviewPaper-V1.pdf</a></p><p>Blog: <a href="https://polkadot.network/blog/">https://polkadot.network/blog/</a></p><p>Forum: <a href="https://forum.web3.foundation/">https://forum.web3.foundation/</a></p><p>Polkadot official FAQ: <a href="https://wiki.polkadot.network/docs/en/learn-faq">https://wiki.polkadot.network/docs/en/learn-faq</a></p><p>Projects in Polkadot ecosystem: <a href="http://polkaproject.com/https://www.oasislabs.com/blog">http://polkaproject.com/https://www.oasislabs.com/blog</a>)</p><p>Mainnet launch explained: <a href="https://www.youtube.com/watch?v=TpcCeo-ZkDY">https://www.youtube.com/watch?v=TpcCeo-ZkDY</a></p><hr><p><em><em>Want to stake DOT with us? Alexey will be happy to help. Contact</em></em> <em><em>[email protected]</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=polka_brief"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>

Alex Bond

from p2p validator

Cosmos P2P Validator acquired Corestar development team

<p>We are thrilled to announce that <a href="https://corestar.io/">Corestar</a> team joined P2P Validator to create synergy in the development of decentralized ecosystems.</p><p>Our team have always been looking for ways to add more value to the projects we believe in. Comprehensive contribution is an important part of our long term vision. <strong><strong>All our thoughts are concentrated on actions facilitating the continuous progress of decentralized networks.</strong></strong> <a href="https://p2p.org/cosmos">By staking ATOM with us</a> you support our efforts to deliver meaningful results in the long run.</p><p>P2P Validator provides non-custodial staking including valuable tools for delegators, community building, educational enlightenment and <em><em>with acquisition of Corestar team we will add solid development activities to the scope of our capabilities</em></em>.</p><h3 id="about-corestar"><strong>About Corestar</strong></h3><p><a href="https://corestar.io/">Corestar</a> is a team of dedicated professionals focused on research and development within the Cosmos ecosystem. A lot of effort was concentrated on NFT marketplace over IBC and Corestar got onto the list of <a href="https://blog.cosmos.network/cosmos-hackatom-berlin-recap-4722882e7623">HackAtom Berlin</a> finalists with MVP that grew into the <a href="https://openmarket.one/">Open Market</a> project.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/W3nw23I.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/W3nw23I.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/W3nw23I.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/W3nw23I.png 1600w, https://economy.p2p.org/content/images/2020/09/W3nw23I.png 1839w" sizes="(min-width: 720px) 720px"></figure><p>In addition, Corestar received an ICF grant to develop <a href="https://github.com/corestario/tendermint">Arcade</a> - Tendermint implementation with built-in random beacon. Arcade will provide application-specific blockchains in the Cosmos ecosystem with a decentralized source of entropy to power various applications like cryptography, games and gambling platforms without changing the security assumptions of Tendermint.</p><p><em><em>We believe that the Corestar team will significantly strengthen our development department and benefit the Cosmos ecosystem.</em></em></p><h3 id="immediate-perspectives"><strong>Immediate perspectives</strong></h3><p>IBC is currently the most important milestone in the success of Cosmos and the launch of incentivized testnet "<a href="https://goz.cosmosnetwork.dev/">Game Of Zones</a>" is near at hand. As an active contributor, P2P Validator will take part in the competition with additional development resources, ready to deliver.</p><p>We have prepared a <a href="https://goz.p2p.org/">visualization</a> of handshakes between nodes to help participants monitor the current status of connections during the contest.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/HG5ZbBv.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/HG5ZbBv.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/HG5ZbBv.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/HG5ZbBv.png 1600w, https://economy.p2p.org/content/images/2020/09/HG5ZbBv.png 1893w" sizes="(min-width: 720px) 720px"></figure><p>Proof-of-stake ecosystem is evolving really fast and we are fully prepared to facilitate that growth diving deep into the heart of decentralized technologies.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 30 million of USD value. At the time of publishing, P2P Validator is trusted by over 1000 delegators across 15+ networks.</p><hr><p><em><em>Want to stake with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram chat:</strong></strong> <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p><p><strong><strong>Telegram announcement:</strong></strong> <a href="https://t.me/p2porg">https://t.me/p2porg</a></p>

Alex Bond

from p2p validator

Cosmos, Staking, Kava, Terra, Regen Lost in Cosmos explorers...

<p>Existing Cosmos explorers show limited information. In some cases, reward withdrawal happens not only by initiating <code>withdraw</code> transaction and there are unobvious events, which cause that action. We have added these hidden events to <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_dashboard_release#dashboard-block">P2P Dashboard</a>, <strong><strong>implemented full reward history across all Cosmos Hub versions and opened it for community</strong></strong>. Below, I will walk through the topic in detail with examples.</p><h3 id="transparency-limit"><strong>Transparency limit</strong></h3><p>Every transaction that is recorded in non-private blockchain can easily be retrieved for analytical or other purposes providing clarity for end users. With such transparency everyone can get a trusted record of any event since the start of the network. But is it really an easy task for someone without deep knowledge in code and various API endpoints to get all the data they need?</p><p>You may argue that there are multiple explorers built for this purpose but each of them focuses on various goals and doesn’t give a complete picture of all events happening in a particular network. For an ordinary user like me, explorers act as a window in this magic world of blockchains and <strong><strong>our understanding is limited by the events various tools decide to display</strong></strong>.</p><p>Blockchains are still new and complex to understand. The increasing number of projects with a different logic and various triggers is aggravating. Transparency matters especially for financial transfers and events that can be used for accounting purposes. For example, in Proof-Of-Stake blockchains it can be a withdrawal of accumulated rewards.</p><p>A diversity of high-quality explorers is significant for building user commitment to the network and facilitating trust although more tools do not always result in better visibility. Some explorers focus more on usability, which is also very important but it still is not conductive to increasing transparency for users of the network.</p><h3 id="unobvious-events-in-tendermint-blockchains"><strong>Unobvious events in Tendermint blockchains</strong></h3><p>Let's take a look at the reward withdrawal process in Cosmos Hub. Surplus accumulates in a validator pool and can be withdrawn to the corresponding staking address manually. Basically, a delegator withdraws rewards at any point of time to receive them on address. Explorers show this operation with names like GetReward or Withdraw Reward. In fact that's not the only action that triggers reward withdrawal.</p><h4 id="example-27-03-2020-"><strong><strong><strong>Example</strong></strong> (27.03.2020)</strong></h4><p>Let's take a random account and check the information about its balance on<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8"> Mintscan</a> block explorer.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-5.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1-5.png 1600w, https://economy.p2p.org/content/images/2020/09/1-5.png 1784w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-8.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-8.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-8.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-8.png 1600w, https://economy.p2p.org/content/images/2020/09/2-8.png 1799w" sizes="(min-width: 720px) 720px"></figure><p>If we calculate total balances using this transaction data we should get:</p><ul><li>Received: <em><em>484,7076 ATOM</em></em></li><li>Delegated: <em><em>474 ATOM</em></em></li><li><em><em>Tx Fees: 0,015 ATOM</em></em></li><li>Available: <strong><strong><em><em>10,692625 ATOM</em></em></strong></strong></li></ul><p>And here are values from<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8"> Mintscan</a>:</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-7.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3-7.png 1600w, https://economy.p2p.org/content/images/2020/09/3-7.png 1890w" sizes="(min-width: 720px) 720px"></figure><p>It is also true for the same address on <a href="https://cosmos.bigdipper.live/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8">Forbole</a>:</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-4.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/4-4.png 1600w, https://economy.p2p.org/content/images/2020/09/4-4.png 1889w" sizes="(min-width: 720px) 720px"></figure><p>We see an additional 0,971002 ATOM on the available balance, but where did they come from if there was no withdraw transaction made by this account? Of course you may say it's even less than 1 ATOM who cares? But systems based on a code should not allow any mistake. So, is the displayed balance correct or wrong? Let's look into it.</p><p>In fact, the balance is correct. <strong><strong>There are hidden events that trigger reward withdrawal but are not displayed on most explorers</strong></strong>. These tools serve another purpose and these events do not correspond much to the observation of what is happening in general. Nevertheless, these triggers are still crucial for generating full withdrawal history and bringing clarity for delegators.</p><p>There are five core types of actions delegators usually perform:</p><ul><li>Delegate to a validator</li><li>Redelegate to another validator</li><li>Undelegate from a validator</li><li>Withdraw accumulated rewards</li><li>Send available tokens to another address</li></ul><p>The first four of them initiate reward withdrawal, which is usually not displayed for the first three actions by most explorers.</p><p>On <a href="https://p2p.org/dashboard/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8">P2P Dashboard</a> you can check reward withdrawals related to the same address.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-4.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-4.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-4.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/5-4.png 1600w, https://economy.p2p.org/content/images/2020/09/5-4.png 1895w" sizes="(min-width: 720px) 720px"></figure><p>In some cases, to apply updates of the network, validators stop producing blocks and upgrade node software. This process requires a transition to a new chain with a new genesis file that stores the actual state at the moment of chain halt. When the new chain becomes active what happens with accumulated rewards?</p><p>These rewards also become available, the transition to the new chain triggers withdrawal but the event is also hidden and not obvious to delegators.</p><h3 id="p2p-dashboard"><strong>P2P Dashboard</strong></h3><p>Every public network needs a variety of analytical tools to allow people without advanced technical skills to get information about what is going on from different angles. In Proof-Of-Stake blockchains a clear reward history and accessibility of historical data are especially important. <strong><strong>What if you need to prove received reward referring to a particular event that simply does not displayed by any explorer?</strong></strong></p><p>Thinking of that, we decided to conduct technical research to make all rewards and withdrawals together with corresponding messages accessible and transparent across all versions of Cosmos Hub.</p><blockquote><em><em>We have added ability to check all withdrawal events across all versions of Cosmos Hub on <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_dashboard_release#dashboard-block">P2P Dashboard</a> and made it open for community. In addition, any ATOM delegator can check all withdrawals, get full reward history and download a report in CSV for multiple addresses.</em></em></blockquote><p>To start, go to <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_dashboard_release">p2p.org</a> and click <code>Get started</code> button in the top right corner. Connect to the dashboard manually by entering the address or using your Ledger device.</p><hr><p><em><em>Want to stake with us? Alexey will be happy to help. Contact</em></em> <em><em>[email protected]</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Stake ATOM with us:</strong></strong><a href="https://p2p.org/cosmos"> https://p2p.org/cosmos</a></p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_dashboard_release"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>

Alex Bond

from p2p validator

Economy P2P Validator: looking back, looking forward

<p>2019 was a year chock full with meaningful events in staking space. It was marked by the launch of <a href="https://hub.cosmos.network/">Cosmos Hub</a>, <a href="https://terra.money/">Terra money</a>, <a href="https://www.irisnet.org/">IRIS network</a>, <a href="https://www.algorand.com/">Algorand</a>, <a href="https://kusama.network/">Kusama network</a>, <a href="https://www.kava.io/">Kava</a> and many other Proof-Of-Stake based blockchains on mainnet.</p><p>There are lots of ongoing activities across various systems, solid projects with high potential for finding market fit launched incentivized testnets. <a href="https://solana.com/">Solana</a>, <a href="https://www.oasislabs.com/">Oasis Labs</a> and <a href="https://celo.org/">Celo</a> are amongst them.</p><p>We joined <a href="https://chain.link/">Chainlink</a> as a node operator to improve decentralization of an oracle network and help solving the lack of real-world data for smart-contracts.</p><p>In <a href="https://tezos.com/">Tezos</a>, Cosmos Hub and IRIS network <strong><strong>we participated in every on-chain governance</strong></strong> and there was a great feeling of true collaboration between stakeholders who are really interested in the best possible future for the ecosystem.</p><p>In 2019 <a href="https://cosmonauts.world/">Cosmos ecosystem</a> grew to over 100 projects and <a href="https://tezosprojects.com/">Tezos ecosystem</a> attracted over 1000 developers to facilitate continuous building. The Proof-Of-Stake space is still highly experimental and we are excited to be at the front of the movement to a fair and efficient future.</p><h1 id="p2p-validator-vision"><strong>P2P Validator vision</strong></h1><p>Since January 1st of 2019, asset value locked in staking increased nine times over and <a href="https://www.stakingrewards.com/global-charts">reached $6,5B</a>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5g7NdjQ.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5g7NdjQ.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5g7NdjQ.png 1000w, https://economy.p2p.org/content/images/2020/09/5g7NdjQ.png 1559w" sizes="(min-width: 720px) 720px"></figure><p>[^Pic. 1]: Data from stakingrewards.com</p><p>We are absolutely confident that the <strong><strong>Proof-Of-Stake ecosystem will continue to grow</strong></strong>. With this in mind, P2P Validator will continue to extend communities of enthusiasts and developers. We will show the best ways of staking and the various opportunities offered by novel business models across the networks we support.</p><p>We will also <strong><strong>focus on making staking as simple, secure and attractive as possible</strong></strong>. For us being a reliable validator is a key business activity. Our focus here is on slashing risk minimization and active participation in governance of various platforms.</p><p><strong><strong>Non-custodial staking</strong></strong> allows every user to be in control of their assets eliminating risks associated with third parties and <strong><strong>represents the safest way of participating in the ecosystem, especially for big investors</strong></strong>. Our goal is to simplify interactions with hardware wallets by UI and be competitive in terms of various complementary services. Today, only at <a href="https://p2p.org/">p2p.org</a> you can delegate ATOM, KAVA and XTZ with ledger in one place using our simple delegation tool.</p><p>As of today, we provide validation services for 15 networks including testnets and <strong><strong>plan to support more groundbreaking projects</strong></strong> that have competitive advantages and a clear go-to market strategy. The process of making decisions about joining a network is complex as our resources and ability to add sufficient value are limited. As part of this, we are closely watching the development of <a href="https://dfinity.org/">Dfinity</a>, <a href="https://www.nucypher.com/">NuCypher</a>, <a href="https://test.ton.org/tblkch.pdf">Telegram Open Network</a>, <a href="https://polkadot.network/">Polkadot Network</a>, and projects emerging in the Cosmos ecosystem.</p><h1 id="our-achievements"><strong>Our achievements</strong></h1><p>We started as a small bakery in Tezos with only $2m value delegated with us, most of it our own funds. Today over $35m is locked in staking through our infrastructure across 15 blockchains and more than 700 delegators use our services trusting our expertise.</p><p><strong><strong>We paid out over $700k rewards</strong></strong> to our delegators making each transaction transparent and available in our multi-asset dashboard.</p><p>For our Tezos delegators we <strong><strong>insured all payouts</strong></strong> with <a href="https://baking-bad.org/">Baking Bad</a> and have shortened the time before the first payout by 40% eliminating the 5 cycle freeze for rewards. In addition, we achieved <strong><strong>stable AAA+ rating</strong></strong> on MyTezosBaker with <strong><strong>over 100% baking efficiency</strong></strong> according to <a href="https://www.tezos-nodes.com/">TezosNodes</a> reaching the <strong><strong>top 5 Tezos validators</strong></strong> by staking balance. We are proud to be such a robust staking partner and we will continue to do our best to remain so and improve further.</p><p>Overall, the uptime of our nodes across all networks is 99,98%. This is a good measurement of our availability and the robustness of our setup.</p><p><strong><strong>We haven't experienced any downtime or double-sign slashing</strong></strong> even in the case of a Google Cloud provider crash as we had set <strong><strong>best class monitoring and alert systems</strong></strong> working for the convenience of our delegators 24/7.</p><p>To contribute to building the community we conducted the first meetup related to Cosmos network in Moscow. We co-organized the First Tezos Moscow meetup supported by <a href="https://tezoscommons.org/">Tezos Commons</a>. If you missed it you can watch a <a href="https://www.youtube.com/channel/UC4O5M30Exrg1abhacOJKUVw">recording</a> with English subtitles.</p><p>We were one of the winners of Cosmos Game Of Stakes and participated in incentivized testnets of IRIS Network, Terra Money, DAO BET, Cyberway, Kava, Kusama Network since the beginning providing validation services <strong><strong>on mainnet since the first day</strong></strong>.</p><h1 id="7-reasons-to-add-p2p-validator-to-your-favorites-list"><strong>7 reasons to add P2P Validator to your favorites list</strong></h1><p>Here are some perks and useful components of our services:</p><ol><li>Simple Non-Custodial Staking with Ledger</li><li>We have been investing since 2014 and always put our own skin in the game</li><li>Secure infrastructure with 24/7 monitoring and alert systems</li><li>Special conditions starting from $500k</li><li>Multi-asset dashboard to track staking portfolio in one place</li><li>Community education and development</li><li>Friendly and expert support</li></ol><h1 id="final-words"><strong>Final words</strong></h1><p>We want to thank all the teams around the globe who have worked hard this year to build such outstanding innovative projects bringing a decentralized future one step closer. It's an honor to be a part of such an open-minded community of professional validators and active contributors. We will continue to act positively influencing the ecosystem by increasing decentralization across various networks, educating people around the world and providing reliable staking services accessible to everyone.</p><p>P2P Validator team wish everyone amazing holidays and a happy New Year. It was an eventful year but definitely a fundamental one for the further achievements.</p><hr><p><em><em>What do you think we should improve or implement in 2020? Leave us a comment. If you have any questions we are always at your service.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> is a Secure Non-Custodial Staking. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=P2P2019&amp;utm_medium=creds_link&amp;utm_campaign=blog"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator"> https://t.me/p2pvalidator</a></p>

Alex Bond

from p2p validator