Alex Bond

Research & Analytics at p2p.org.

33 posts
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

Chainlink P2P Validator joins Chainlink network as a node operator

<p>The question of blockchains having trustless connection with external data is significant for the real-world implementation of highly functional smart-contracts in both new and traditional industries. Not only do they require connection to external resources, but the off-chain connection must maintain the same properties of decentralized security currently available on the underlying blockchain. With that in mind, P2P Validator is thrilled to announce the launch of our Chainlink node with the mission of providing smart-contracts with the required data feeds in an increasingly decentralized manner.</p><p>Decentralized oracles solve smart contract’s lack of connection with external resources without sacrificing trustworthiness. This keeps digital agreements reliable and tamper-proof end-to-end, which is crucial for real-world usage. This vision is in line with our mission to promote the value of blockchain assets and give people access to the emerging data-driven economy.</p><p>Our developer team has extensive experience in setting up secure infrastructure. P2P Validator maintains high-availability nodes and provides secure staking services for the most groundbreaking projects in the blockchain space. The node infrastructure is under advanced monitoring with 24/7 technical support, backups and alerts.</p><h3 id="about-chainlink"><strong>About Chainlink</strong></h3><p><a href="https://chain.link/">Chainlink</a> is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to great companies like <a href="https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud">Google</a>, <a href="https://www.forbes.com/sites/darrynpollock/2019/07/30/oracle-building-a-virtuous-cycle-of-innovation-with-start-ups-through-chainlink-and-blockchain/#30d94a3c4ffc">Oracle</a>, <a href="https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms">SWIFT</a>, and many other large enterprises, as well as many of the world's best smart contract projects/teams such as <a href="https://medium.com/web3foundation/web3-foundation-and-chainlink-announce-collaboration-df55ed462a3a">Web3</a>, <a href="https://medium.com/hashgraph/hedera-hashgraph-and-chainlink-collaborate-to-provide-a-decentralized-oracle-network-for-hederas-3d1c77a6bcb9">Hedera</a>, <a href="https://medium.com/reserve-currency/reserve-partners-with-chainlink-to-bolster-the-future-of-decentralized-stablecoins-5d486f37e92b">Reserve</a>, <a href="https://blog.openzeppelin.com/chainlink-partnership/">OpenZeppelin,</a> <a href="https://medium.com/@OpenLawOfficial/openlaw-teams-with-chainlink-to-bring-real-world-info-to-smart-contracts-4e7a3dac80a8">OpenLaw</a>, <a href="https://medium.com/celer-network/celer-chainlink-combining-real-world-information-and-layer-2-scalability-24e5d478a4aa">Celer</a>, <a href="https://blog.synthetix.io/synthetix-and-chainlink/">Synthetix</a>, <a href="https://www.cryptoninjas.net/2019/07/30/zilliqa-smart-contracts-will-utilize-chainlink-decentralized-oracle-network/">Zilliqa</a>, <a href="https://blog.oceanprotocol.com/ocean-protocol-chainlink-integration-e7335f880ea3">OceanProtocol</a>, <a href="https://medium.com/amberdata/smart-contract-oracles-with-amberdata-io-358c2c422d8a">Amberdata</a>, <a href="https://www.forbes.com/sites/sarahhansen/2018/11/08/consensys-kaleido-launches-full-stack-marketplace-platform-for-enterprise-blockchains/#6d849d2ad8ca">Kaleido</a>, <a href="https://medium.com/harmony-one/harmony-to-partner-with-chainlink-for-off-chain-connectivity-fc0372819aca">Harmony</a>, and many more.</p><p>Learn more by visiting the <a href="https://chain.link/">Chainlink website</a>, <a href="https://twitter.com/chainlink">Twitter</a> or <a href="https://t.me/chainlinkofficial">Telegram</a>. To discover Chainlink use cases read the <a href="https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/">blog post</a>. If you’re a developer, visit the <a href="https://docs.chain.link/">developer documentation</a> or join the technical discussion on <a href="https://discord.gg/FGNyjhF">Discord</a>.</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 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, more than 30 million of USD value is staked with P2P Validator by over 700 delegators across 7+ networks.</p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. 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

Kava How to stake KAVA tokens using kvcli

<p><em><em>Staking will be available after a successful launch of Kava blockchain on mainnet. To use this guide you should have an existing account with KAVA tokens and connection to the node.</em></em></p><p>Requirements:</p><ul><li>Go 1.13+</li><li>Make</li><li>Ubuntu 18.04</li></ul><p><strong><strong>1) First you have to download Make and Go</strong></strong></p><p><em><em>-Download Make and other packets:</em></em></p><p><code>sudo apt install build-essential</code></p><p><em><em>-Download Go:</em></em></p><p><code>wget https://dl.google.com/go/go1.13.1.linux-amd64.tar.gz</code></p><p><code>sudo tar -C /usr/local -xzf go1.13.1.linux-amd64.tar.gz</code></p><p><code>mkdir -p ~/go/{bin,src,pkg}</code></p><p>For correct work of Go you will need to define environment variables</p><p>Execute following commands by rotation:</p><p><code>export PATH=$PATH:/usr/local/go/bin</code></p><p><code>export GOPATH=$HOME/go</code></p><p><code>export GOBIN=$GOPATH/bin</code></p><p><code>export PATH=$PATH:$GOBIN</code></p><p>For convenience add these strings to the current user profile. In Ubuntu it is: <code>~/.profile</code>. Execute <code>nano ~/.profile</code> and put strings from the previous step in the end of the file:</p><p><code>export PATH=$PATH:/usr/local/go/bin</code></p><p><code>export GOPATH=$HOME/go</code></p><p><code>export GOBIN=$GOPATH/bin</code></p><p><code>export PATH=$PATH:$GOBIN</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-8.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-8.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-8.png 1000w, https://economy.p2p.org/content/images/2020/09/1-8.png 1254w" sizes="(min-width: 720px) 720px"></figure><p>After that execute: <code>source ~/.profile</code></p><p><strong><strong>2) Build Kava:</strong></strong></p><p>Go to the folder <code>cd ~/go/src/</code></p><p>Execute:</p><p><code>git clone https://github.com/kava-labs/kava</code></p><p><code>cd kava</code></p><p><code>git checkout tags/v0.3.1</code></p><p><code>make install</code></p><p>If everything went as it should in the folder <code>~/go/bin</code> appeared <code>- kvd</code> and <code>- kvcli</code> packets</p><p><strong><strong>3) Delegate KAVA tokens</strong></strong></p><p><em><em>In the following instruction all commands were sent from a network node in testnet and <code>chain id</code> and <code>validator address</code> values on screenshots differ from the mainnet values. The actual values provided below.</em></em></p><p>To make actions further you should have:</p><ul><li>Kava account</li><li>Active node (if you don't have you can use our node)</li></ul><p>Make sure that account exists and has a positive balance:</p><p><code>kvcli keys list</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-10.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-10.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-10.png 1000w, https://economy.p2p.org/content/images/2020/09/2-10.png 1259w" sizes="(min-width: 720px) 720px"></figure><p><code>kvcli keys show &lt;your_key_name&gt;</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-9.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-9.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-9.png 1000w, https://economy.p2p.org/content/images/2020/09/3-9.png 1268w" sizes="(min-width: 720px) 720px"></figure><p><code>kvcli query account &lt;your_address&gt; --chain-id kava-2</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-6.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-6.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-6.png 1000w, https://economy.p2p.org/content/images/2020/09/4-6.png 1255w" sizes="(min-width: 720px) 720px"></figure><p><em><em>For assistance with command parameters you can execute <code>kvcli tx staking delegate --help</code></em></em></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-5.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-5.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-5.png 1000w, https://economy.p2p.org/content/images/2020/09/5-5.png 1257w" sizes="(min-width: 720px) 720px"></figure><p><em><em>Important note</em></em>, delegation amount nominated in uKAVA. For instance, if you want to stake 100 KAVA you should enter 100000000 in the amount field. Read this chapter in full before choosing the command for your case.</p><p><em><em>P2P Validator address:</em></em> <strong><strong>kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg</strong></strong></p><p>Chain ID: <strong><strong>kava-2</strong></strong></p><p>If you have connection to the node, for delegation execute:</p><p><code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg &lt;amount of KAVA you want to stake&gt;ukava --from &lt;address&gt; --chain-id kava-2</code></p><p>If you don't have connection to the node you can use ours. Execute:</p><p><code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg &lt;amount of KAVA you want to stake&gt;ukava --from &lt;address&gt; --chain-id kava-2 --node tcp://95.216.184.50:26657</code></p><p>If you used ledger to generate keys add <code>--ledger</code> in the end of command. Execute:</p><p><code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg &lt;amount of KAVA you want to stake&gt;ukava --from &lt;address&gt; --chain-id kava-2 --node tcp://95.216.184.50:26657 --ledger</code></p><p>Below is an example of the output you should get after successful delegation.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-2.png 1000w, https://economy.p2p.org/content/images/2020/09/6-2.png 1294w" sizes="(min-width: 720px) 720px"></figure><p>If you have any questions or different operational system contact us at p2p.org or schedule a personal call with our development team to guide you through the whole process.</p><hr><p><em><em>If you have any questions feel free to contact us. We are always open for communication.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. 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>Stake KAVA with us:</strong></strong> <a href="https://p2p.org/kava">https://p2p.org/kava</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/kava_p2p">https://t.me/kava_p2p</a></p>

Alex Bond

from p2p validator

Tezos Confusion with calculation of available staking capacity in Tezos. Who is right?

<p>Tezos ecosystem includes solid tools to monitor network performance and staking rewards. Block explorers represent a major part of the ecosystem transparency and health. Delegators and bakers often rely on such tools before making decisions such as, should I add to my self-bond or which baker to stake with. Diversity of these services provide users with unique experience and allow them to choose one that corresponds to a particular need.</p><p>Analytical explorers display two types of parameters. The first is derived right from the blockchain data and in most cases they are identical on different analytical tools. Values of these parameters can be slightly different on various explorers because of the network data update frequency. The second type of parameters is calculated using network variables and blockchain data.</p><p>It may lead to a confusion when the same variable has different values on multiple resources. It can be because of different approaches taken for calculation or using different timeframes. Currently, <em><em>available staking capacity</em></em> has different values for the same bakers on various analytical websites. It represents an amount of XTZ that can be staked with a particular baker without making him over-delegated. Delegated tokens above the limit will not contribute to the power of the baker.</p><h3 id="example"><strong>Example</strong></h3><p>Stats for P2P Validator on various analytical tools for 19.03.2020:</p><p><em><em>Tzstats.io</em></em>: staking capacity = 14 048 492 XTZ resulting in available staking capacity = <strong><strong>1 971 806 XTZ</strong></strong>.</p><p><em><em>MyTezosBaker</em></em>: available staking capacity = <strong><strong>802 752 XTZ</strong></strong>| staking capacity = 12 881 681 XTZ.</p><p><em><em>Tezos Nodes</em></em>: available staking capacity = <strong><strong>2 007 769 XTZ</strong></strong> resulting in staking capacity = 14 079 769 XTZ.</p><p><em><em>Baking Bad:</em></em> available staking capacity = <strong><strong>1 972 000 XTZ</strong></strong> resulting in staking capacity = 14 044 000 XTZ.</p><p>In some cases, the difference between the values above is significant and cannot be explained by fluctuations of baking rights and endorsements. Who is right?</p><p>The purpose of this post is to establish a single approach for available staking capacity calculation and eliminate errors and confusion for end users on various analytical resources. Below I share my understanding of the correct approach to calculate this parameter and invite everyone in Tezos community to join the discussion, express your point of view or suggest other ways of thinking about this parameter.</p><h1 id="security-deposit"><strong>Security deposit</strong></h1><p>In order to create blocks baker should maintain a specific amount of self-bond that is used for security deposit required by the Tezos protocol and subjected to slashing as a measure against misbehavior. Security deposit per created block is equal to 512 XTZ and per endorsement is equal to 64 XTZ. When validator bakes block or endorses, these funds become frozen for a number of preserved cycles defined by the protocol and unfreeze at their end.</p><p>If we assume that 100% of total supply participate in staking we can calculate the minimum bond requirement for a baker: <code>((block_security_depo + endorsement_security_depo * endorsers_per_block) * blocks_per_cycle * (preserved_cycles+1)) / total_supply</code></p><p>Let's split this formula into parts:</p><p>Part 1: <code>block_security_depo + endorsement_security_depo * endorsers_per_block</code></p><p>In this part we calculate the total amount of security deposit per block.</p><p>Part 2: <code>blocks_per_cycle * (preserved_cycles+1)</code></p><p>By multiplying the total security deposit per block by the number of blocks in the cycle and frozen period plus one we get the total amount of XTZ that are frozen for preserved cycles.</p><p>Part 3: <code>Part 1 * Part 2 / total_supply</code></p><p>Here we finally calculate the security deposit share of the total supply.</p><p>Let's crunch some numbers:</p><p><code>block_security_depo = 512 XTZ</code></p><p><code>endorsement_security_depo = 64 XTZ</code></p><p><code>endorsers_per_block = 32</code></p><p><code>blocks_per_cycle = 4096</code></p><p><code>preserved_cycles = 5</code></p><p>All these parameters are derived from a Tezos protocol and represent constant values until community decides to propose changes via governance procedure. The only dynamic parameter is <code>total_supply</code> which is equal <em><em>~ 829,34 million XTZ</em></em> (19.03.2020).</p><p>The actual self-bond requirement is floating as baking frequency and endorsement rights are changing but for this case we will not take possible baking deviations into consideration.</p><p>The whole calculation of minimum self-bond requirement <em><em>if 100% tokens at stake</em></em> look like: <code>((512 + 64 * 32) * 4096 * (5+1)) / 829 340 996 = 7,59%</code>.</p><p>With a decrease of total supply percentage at stake, minimum self-bond requirement will increase as overall share of frozen XTZ in a security deposit related to the participating tokens will be higher.</p><p>To calculate the exact self-bond requirement we can simply put the exact number of tokens at stake instead of <code>total_supply</code> or divide the result of previous calculation, made for 100% staked tokens, by the actual percentage of staked XTZ. It will result in <strong><strong>~9,64%</strong></strong> of <em><em>actual self-bond requirement</em></em> for a baker.</p><p>The only caveat here is that <code>total_supply</code> is growing over time while security deposits remain the same. In the long run it will result in lower self-bond requirement as well as the network security.</p><h1 id="available-staking-capacity"><strong>Available staking capacity</strong></h1><p>After finding the exact self-bond requirement we can answer two questions:</p><p>1) Does a particular baker maintain sufficient self-bond?</p><p>2) How many XTZ a particular baker can accept before it becomes over-delegated?</p><p>To answer the first question we should find a self-bond share in the total staking balance.</p><p><code>staking_balance = self_bond + delegated_balance</code></p><p><code>self_bond / staking_balance * 100 = X%</code>.</p><p>If <code>X &gt; actual_self_bond_req</code> then baker has enough self-bond and won't miss baking or endorsement slots.</p><p>The answer to the second question is available staking capacity. To find this value we should substract staking balance from the maximum balance.</p><p><code>max_balance = self_bond / actual_self_bond_req</code></p><p><code>available_staking_capacity = max_balance - staking_balance</code></p><p>To make calculation of available capacity even more precise you can adjust <code>self_bond</code> by <code>frozen_fees</code> + <code>frozen_rewards</code> as they do not take part in security deposits and use actual rolls of a baker to get the actual <code>staking_balance</code>.</p><p>Using formulas from above we get <code>available staking capacity of P2P Validator ~ 1 997 663 XTZ</code> (19.03.2020).</p><p>Seems like <a href="https://baking-bad.org/">Baking Bad</a>, <a href="https://tzstats.com/tz1P2Po7YM526ughEsRbY4oR9zaUPDZjxFrb">Tzstats</a> and <a href="https://www.tezos-nodes.com/">Tezos Nodes</a> are quite aligned with the value and use similar approach for calculation of a baker free space.</p><p>Now you have all the necessary information to check by yourself if the self-bond is sufficient enough to bake and what is the available staking capacity of a baker. In addition, we have created a <a href="https://docs.google.com/spreadsheets/d/1ZxRBHETPixxeYAG0efJbXsKeiIHPq1nGWJ2ZazND2a8/edit#gid=1765745933">spreadsheet with prepared calculations</a> for simplicity. We also improved a calculation for self-bond and staking balance of a baker to make available capacity value even more precise.</p><hr><p><em><em>Special thanks to Baking Bad and StakeNow for paying attention to the article and facilitating valuable discussions.</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>Stake XTZ with us:</strong></strong> <a href="https://economy.p2p.org/p2p.org/tezos">p2p.org/tezos</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

Cyberway Cyberway delegation guide

<p><em><em>To participate in Cyberway economy you need to purchase CYBER tokens on kuna.io exchange. To become a delegator you can stake using <a href="https://cyberway.gitbook.io/en/validators/stake_usage_guide">cleos</a> or transfer tokens to your golos.io account and delegate from there.</em></em></p><p><strong><strong>Create an account on golos.io</strong></strong></p><p>Visit golos.io web page</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-9.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-9.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-9.PNG 1000w, https://economy.p2p.org/content/images/2020/09/1-9.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>Press <code>sign up</code> and complete all the required fields</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-11.png" class="kg-image" alt></figure><p>After filling in the verification code you will get a pdf file with all the information related to your account. Save it in a secure place.</p><p><strong><strong>Send CYBER tokens to your account</strong></strong></p><p>Press <code>three-dot</code> button on the top right side of the screen</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-10.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-10.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-10.PNG 1000w, https://economy.p2p.org/content/images/2020/09/3-10.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>Choose a <code>setting</code> tab</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/4-7.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-7.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-7.png 1000w, https://economy.p2p.org/content/images/2020/09/4-7.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>Here navigate to the <code>account</code> button</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/5-6.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-6.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-6.PNG 1000w, https://economy.p2p.org/content/images/2020/09/5-6.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>Here you will see your user ID. It is also written down in a PDF file that you will have received after registration. Put this address as a destination point for sending CYBER tokens from an exchange</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/6-3.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-3.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-3.PNG 1000w, https://economy.p2p.org/content/images/2020/09/6-3.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>You will be able to check your balance in a wallet tab, see if a transaction was successful and funds have been received</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/7-2.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/7-2.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/7-2.PNG 1000w, https://economy.p2p.org/content/images/2020/09/7-2.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>Delegate CYBER tokens to a validator</strong></strong></p><p>To delegate your stake to a validator you will need to convert your CYBER into a STAKE CYBER. Press <code>convert</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/8-2.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8-2.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/8-2.PNG 1000w, https://economy.p2p.org/content/images/2020/09/8-2.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>You will see a conversion window where you should select CYBER</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9-2.png" class="kg-image" alt></figure><p>Fill the desired amount to bond and press <code>convert</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/10-1.png" class="kg-image" alt></figure><p>After that you will see the converted amount of tokens in your wallet.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/11-1.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/11-1.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/11-1.PNG 1000w, https://economy.p2p.org/content/images/2020/09/11-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>Now you can choose a validator. Press <code>three-dot</code> button on the top right side of the screen and go to the <code>validators</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/12-1.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/12-1.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/12-1.PNG 1000w, https://economy.p2p.org/content/images/2020/09/12-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>On the list find <code>@creator</code> and press the upward arrow beside the name (in the same row)</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/13-1.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/13-1.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/13-1.PNG 1000w, https://economy.p2p.org/content/images/2020/09/13-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>In a dialog window fill the amount of tokens you wish to delegate and press <code>transfer</code></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/14.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/14.PNG 600w, https://economy.p2p.org/content/images/2020/09/14.PNG 914w" sizes="(min-width: 720px) 720px"></figure><p>You will see the delegated amount beside the name of your chosen validator</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/15.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/15.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/15.PNG 1000w, https://economy.p2p.org/content/images/2020/09/15.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>Congratulations! You have finished the delegation process. You will receive your staking reward each <code>3499 blocks</code> (~3 hours).</p><hr><p><em><em>If you have any questions feel free to contact our team. We are always open for communication.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. 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

Daobet P2P Validator is validating DAOBet to drive the vision of fair iGaming

<p>iGaming industry is growing really fast. Size of the online gambling market is anticipated to almost double and will reach <a href="https://www.prnewswire.com/news-releases/global-online-gambling-market-size-worth-usd-73-45-billion-by-2024-hexa-research-869794438.html">73</a> - <a href="https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/">94</a> billion USD in 2024. Traditional solutions offer high level of user experience but still lack transparency and fairness. These limitations can be resolved with blockchain technology which properties as immutability and openness become a perfect fit for trustless gambling.</p><p><a href="https://daobet.org/">DAOBet</a> is a game changer for iGaming industry and one of the best existing production ready solutions on the market. It is a blockchain infrastructure for online gambling that is based on a EOS codebase with some <a href="https://daobet.org/blog/why-did-we-choose-eos/">notable improvements</a>, developing especially for online gaming industry.</p><p>It uses Proof-Of-Stake to secure the network and allows lower latency and higher throughput with a registered peak of 12 000 transactions in one second. Every user may also own a share of the network earning rewards by staking BET tokens.</p><h1 id="current-state-of-the-project"><strong>Current state of the project</strong></h1><p>DAOBet includes necessary features to provide solid user experience eliminating the need to trust a centralized game provider.</p><ul><li>Fast transaction speed at low cost</li><li>Network decentralization provided by 100 independent validators</li><li>Deterministic finality, approved transaction cannot be reverted</li><li>True fairness proven by <a href="https://daobet.org/blog/dao-casino-awarded-certificate-of-integrity-by-gli-for-signidice-rng/">certified random number generator</a></li><li>WebAssembly virtual machine compatible with EOS</li></ul><p>The <a href="https://daovalidator.com/">Game Of Stake</a> incentivized testnet is in full swing right now and will last due October 10, 2019. It is an important event to test network conditions and prepare for mainnet launch that is planned in the end of Q3, 2019.</p><p>We are glad to be a DAOBet validator and share the vision of fair and comfortable gaming experience without the need to rely on a centralized entity.</p><hr><p><em><em>If you have any questions feel free to contact our team. We are always open for communication.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. 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

Tezos P2P Validator: our payout model for Tezos rewards is changed

<p>At <a href="https://p2p.org/">p2p.org</a> we want to build the most simple and secure staking service for our clients. Our delegators prefer to get their rewards faster and we have done it! We are improving the staking experience for all our delegators making P2P Validator a comfortable and robust partner to stake with.</p><h1 id="first-tezos-payout-40-faster"><strong>First Tezos payout 40% faster</strong></h1><p>When someone delegates XTZ to a baker, the staked amount begins to generate rewards 7 cycles (1 cycle ~ 3 days) after the cycle the delegation was made. At the end of this period stake earns a portion of the total rewards generated in each of the following cycles. These rewards get frozen for 5 cycles together with the security deposits. If a baker double-bakes or double-endorses these funds get seized from the baker as a punishment measure. In addition, the baker loses all the rewards and fees that were locked together with the security deposits.</p><p>Each baker decides their reward payout model. <strong><strong>To make the staking process easier we will pay rewards that are frozen from our own funds</strong></strong> since they are already earned. The first payout will follow after the 7th cycle. All delegators will get their rewards in advance even in cases of slashing.</p><h3 id="new-delegators"><strong>New delegators</strong></h3><p>Example - you started staking at <code>cycle 154</code>. The user will get their first reward after twelve cycles. Rewards begin accumulating after the 7th cycle. The first reward will follow at <code>cycle 166</code>. However, if you delegate to <a href="https://p2p.org/">P2P Validator</a> you will get your first payout at <code>cycle 161</code>, which is 15 days earlier than originally expected. <strong><strong>This method decreases the wait period for the first payout by 40%.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/1-10.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/1-10.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/1-10.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/1-10.png 1600w, https://economy.p2p.org/content/images/2020/09/1-10.png 1743w" sizes="(min-width: 720px) 720px"></figure><h3 id="recent-delegators"><strong>Recent delegators</strong></h3><p>On October 1, 2019 our existing delegators will get their rewards that are currently frozen and will continue to receive payouts each following cycle. For example, if you delegated in <code>145 cycle</code>, you will get rewards for two cycles (<em><em>C152, C153</em></em>) with two transactions. Each payout will correspond with the reward of the cycle. After that you will get payouts each cycle, so the next reward will be distributed at <code>cycle 155</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-12.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-12.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-12.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/2-12.png 1600w, https://economy.p2p.org/content/images/2020/09/2-12.png 1639w" sizes="(min-width: 720px) 720px"></figure><h3 id="early-delegators"><strong>Early delegators</strong></h3><p>For our early clients who have been with us for more than twelve cycles, these changes will mean that you will receive your frozen rewards immediately. For example, if you delegated at <code>cycle 142</code> under the old payout model you would have received rewards for <code>cycle 149</code> at <code>cycle 154</code>. In our new model, at <code>cycle 154</code> you will receive five payouts for cycles <em><em>149, 150, 151, 152, 153</em></em> that correspond with the reward of the cycle. After that cycle you will continue to receive rewards each following cycle without further delays or shortfalls. Thank you for delegating with us!</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-11.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-11.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-11.png 1000w, https://economy.p2p.org/content/images/size/w1600/2020/09/3-11.png 1600w, https://economy.p2p.org/content/images/2020/09/3-11.png 1734w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>We have confidence in the resilience of our infrastructure. We take full responsibility for any losses</strong></strong> in the event of double-baking/endorsing occurring. In other words, if such an event takes place all delegators will get their rewards as planned and losses will be assumed by our bakery.</p><p><strong><strong>Safety of rewards for our delegators is our top priority.</strong></strong> We insure our payouts with Baking Bad so, if we miss a significant number of blocks or endorsements (in other words if our performance is less than 90%), the corresponding reward will still be paid. We actively manage our self-bond to increase capacity and maintain the highest possible reliability AAA+ rating.</p><p>We hope such a payout model will add value for our delegators and simplify the understanding of our rewards payout schedule for Tezos.</p><p>If you have any questions feel free to contact our team. We are always open for communication.</p><hr><p><em><em>Thanks to <a href="https://sure.baking-bad.org/">Baking Bad</a>, David Telfer and our active delegator John for their help in improving this article.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. 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>Stake XTZ with us:</strong></strong> <a href="https://p2p.org/tezos">https://p2p.org/tezos</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

Kusama Kusama network delegation guide

<p>If you participated in a Polkadot fundraiser and received your DOT indicator tokens you can claim KSM with your original Ethereum address.</p><p><em><em>This guide is out of date, for actual instruction use <a href="https://economy.p2p.org/polkadot-nomination-guide">Polkadot nomination guide</a> and repeat the same steps for Kusama. To get list of up-to-date addresses for nomination in Kusama visit <a href="https://p2p.org/kusama">p2p.org/kusama</a>)</em></em></p><p><a href="https://economy.p2p.org/kusama-network-delegation-guide/#create-an-account-on-kusama-network">Create an account on Kusama network</a></p><p><a href="https://economy.p2p.org/kusama-network-delegation-guide/#claim-your-ksm">Claim your KSM</a></p><p><a href="https://economy.p2p.org/kusama-network-delegation-guide/#nominate-validators">Nominate validators</a></p><h1 id="create-an-account-on-kusama-network"><strong>Create an account on Kusama network</strong></h1><p>First, you need to create a Kusama account. 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/prefix.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/prefix.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/prefix.PNG 1000w, https://economy.p2p.org/content/images/2020/09/prefix.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>In a dropdown menu select Kusama (canary) and click <code>Save</code>.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/2-13.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/2-13.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/2-13.PNG 1000w, https://economy.p2p.org/content/images/2020/09/2-13.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>Go to <code>Account</code> tab and press <code>Add account</code> button</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/3-12.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/3-12.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/3-12.PNG 1000w, https://economy.p2p.org/content/images/2020/09/3-12.PNG 1600w" 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/2020/09/4-8.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/4-8.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/4-8.png 1000w, https://economy.p2p.org/content/images/2020/09/4-8.png 1600w" 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/2020/09/5-7.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/5-7.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/5-7.PNG 1000w, https://economy.p2p.org/content/images/2020/09/5-7.PNG 1600w" 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 KSM are locked. After unbonding, users must wait for a time before they can access the locked funds.</p><p><strong><strong>Controller</strong></strong> - a separate account to control and perform commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in KSM to send transactions 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. After enablement of transactions, it is recommended to create a separate account, send 1 KSM to it and use it as a controller.</p><h1 id="claim-your-ksm"><strong>Claim your KSM</strong></h1><p>After account registration you need to claim your KSM. 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/2020/09/6-4.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/6-4.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/6-4.PNG 1000w, https://economy.p2p.org/content/images/2020/09/6-4.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>To connect Kusama address with Ethereum fundraiser address you will need to sign the message 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/2020/09/7-3.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/7-3.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/7-3.PNG 1000w, https://economy.p2p.org/content/images/2020/09/7-3.PNG 1600w" 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 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><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/2020/09/8-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/8-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/8-3.png 1000w, https://economy.p2p.org/content/images/2020/09/8-3.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>If you have a valid claim you will see a green box. This means that you are able to take part in staking and governance. Token transfers are prohibited at the moment.</p><h1 id="nominate-validators"><strong>Nominate validators</strong></h1><p><strong><strong>a)</strong></strong> First you need to bond your KSM that are in the stash account.</p><p>Visit the<a href="https://polkadot.js.org/apps"> Polkadot UI</a> and select <code>Staking</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/9-3.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/9-3.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/9-3.png 1000w, https://economy.p2p.org/content/images/2020/09/9-3.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>Then choose <code>Account actions</code> tab at the top of the screen</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/10-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/10-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/10-2.png 1000w, https://economy.p2p.org/content/images/2020/09/10-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>Press <code>New stake</code> button</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/11-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/11-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/11-2.png 1000w, https://economy.p2p.org/content/images/2020/09/11-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>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 KSM you are willing to bond.</p><p><strong><strong>This amount should be less than the total amount in your stash</strong></strong> to pay fees or set a separate controller account for your stash account in future.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/12-2.png" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/12-2.png 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/12-2.png 1000w, https://economy.p2p.org/content/images/2020/09/12-2.png 1600w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>b)</strong></strong> After your KSM are bonded you will be able to nominate up to 16 validators. Bonded tokens will be automatically delegated to chosen validators in a proportion that will be defined by the algorithm. If you want to delegate a specific number of tokens to a particular validator you have to select only one validator for your stash account. The number of tokens bonded in this stash account will be delegated to this validator.</p><p>Go to <code>Staking overview</code> tab. In the left-hand column are the initial Proof-of-Authority validators that do not accept nominations. To nominate P2P Validator find us in the right-hand column.</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/13-2.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/13-2.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/13-2.PNG 1000w, https://economy.p2p.org/content/images/2020/09/13-2.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>You can find an up-to-date list of recommended addresses on <a href="https://p2p.org/kusama">our website</a>. Copy our addresses one by one:</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/14-1.PNG" class="kg-image" alt srcset="https://economy.p2p.org/content/images/size/w600/2020/09/14-1.PNG 600w, https://economy.p2p.org/content/images/size/w1000/2020/09/14-1.PNG 1000w, https://economy.p2p.org/content/images/2020/09/14-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure><p>After that scroll up to <code>Account Actions</code> tab that is above the <code>Staking</code> tab and you will see your bonded account.</p><p>Press the <code>Nominate</code> button and paste the copied address in the blank field.</p><p>Sign and submit the transaction.</p><hr><p><em><em>Hooray, now you can officially call yourself a nominator and are fully prepared to earn rewards immediately after the launch of public network.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> offers high-quality staking facilities and provides up to date information for educational purposes. 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>Stake KSM with us:</strong></strong> <a href="https://p2p.org/kusama">https://p2p.org/kusama</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