Polkadot P2P Staking Strategy in Polkadot Before DOT Transfers

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

Alex Bond

from p2p validator

Polkadot 3 reasons to stake DOT right now

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

Alex Bond

from p2p validator

Cosmos Cosmos' Game of Zones Phase 3: Double Spend via a Double Sign

<h1 id="cosmos-game-of-zones-phase-3-double-spend-via-a-double-sign"><strong>Cosmos' Game of Zones Phase 3: Double Spend via a Double Sign</strong></h1><p>We'll show how malicious validators (or validator keys thieves) can double-spend via IBC transfers using vanilla Tendermint, cosmos-sdk and relayer software.</p><p>For an experiment we have two chains: <code>p2p-org-3</code> and <code>responsible-3</code>. On p2p-org-3 there are 1000, no more and no less, of very valuable tokens with <code>scarce</code> denom. Using our trick we can make <code>responsible-3</code> accept a total sum of <code>2000scarce</code> via a channel.</p><h2 id="double-spend-via-a-double-sign-step-by-step"><strong>Double spend via a double sign step by step</strong></h2><p>To double spend we:</p><ol><li>Open a channel from p2p-org-3 to responsible-3</li><li>Stop a single validator of p2p-org-3, replicated it in two copies (let's call them <code>p2p-org-3.1</code> and <code>p2p-org-3.2</code>, though they still have an original chain-id of <code>p2p-org-3</code>) and start again in two different exemplars.</li></ol><pre><code>p2p-org-3.2$ rly q bal p2p-org-3 100000000000ptp,1000scarce p2p-org-3.2$ rly q bal responsible-3 100000000000root,996000rsp,10transfer/hvigvvmjhcqwerty/ptp </code></pre><p>3.   Send 1000 scarce from <code>p2p-org-3.1</code>to <code>responsible-3</code>.</p><pre><code>p2p-org-3.1$ rly tx transfer p2p-org-3 responsible-3 1000scarce true $(rly ch addr responsible-3) I[2020-06-04|23:36:45.775] ✔ [p2p-org-3]@{68672} - msg(0:transfer) hash(13628DFA68099121C323DB7C2369489E1AFB71C2737B3D92B1BACAF5A9CFBB01) I[2020-06-04|23:36:56.725] ✔ [responsible-3]@{68908} - msg(0:update_client,1:ics04/opaque) hash(50F3730A339AE60A1FDB4FADF484EA8FDC870E9E46C8362BEE328D7D324FDDE8) p2p-org-3.1$ rly q bal p2p-org-3 99999999500ptp p2p-org-3.1$ rly q bal responsible-3 100000000000root,995500rsp,10transfer/hvigvvmjhcqwerty/ptp,1000transfer/hvigvvmjhcqwerty/scarce </code></pre><p>4.  Switch to <code>p2p-org-3.2</code>'s terminal - there we still have <code>1000scarce</code></p><pre><code>p2p-org-3.2$ rly q bal p2p-org-3 100000000000ptp,1000scarce p2p-org-3.2$ rly q bal responsible-3 100000000000root,995500rsp,10transfer/hvigvvmjhcqwerty/ptp,1000transfer/hvigvvmjhcqwerty/scarce </code></pre><p>5.  Send a bogus transfer (<code>100ptp</code>) from <code>p2p-org-3.2</code> to <code>responsible-3</code> - it fails     on <code>responsible-3</code> but we bump <code>p2p-org-3.2</code>'s packet count by one to be able to send further transfers succesfully.</p><pre><code>p2p-org-3.2$ rly tx transfer p2p-org-3 responsible-3 100ptp true $(rly ch addr responsible-3) I[2020-06-04|23:39:07.369] ✔ [p2p-org-3]@{68700} - msg(0:transfer) hash(EB8CAE3CDE96FF9073B54B5E6F70C43B83DA13A30E06D833AA107CEB94EE6279) I[2020-06-04|23:39:14.274] ✘ [responsible-3]@{0} - msg(0:update_client,1:ics04/opaque) err(client:15:couldn't verify counterparty packet commitment: key mismatch on operation #0: expected commitments/ports/transfer/channels/hvigvvmjhcqwerty/packets/3 but got commitments/ports/transfer/channels/hvigvvmjhcqwerty/packets/2: packet commitment verification failed) </code></pre><p>6. Succesfully send 1000 scarce from <code>p2p-org-3.2</code>to <code>responsible-3</code>.</p><pre><code>p2p-org-3.2$ rly tx transfer p2p-org-3 responsible-3 1000scarce true $(rly ch addr responsible-3) I[2020-06-04|23:40:02.589] ✔ [p2p-org-3]@{68711} - msg(0:transfer) hash(83DFA4FB75D22220ECD94F134D8A8AE5BC0D0075D2DA6021B8DA6C4688E28787) I[2020-06-04|23:40:12.237] ✔ [responsible-3]@{68947} - msg(0:update_client,1:ics04/opaque) hash(DD11048F41B6D0955EAC84D311DEF5DAD9A3F446398A59293C82A62D84F6B506) p2p-org-3.2$ rly q bal p2p-org-3 99999998900ptp [email protected]:/home/deploy$ rly q bal responsible-3 100000000000root,995000rsp,10transfer/hvigvvmjhcqwerty/ptp,2000transfer/hvigvvmjhcqwerty/scarce </code></pre><p>We think that if there's ever a real attack with stolen keys or malicious validators involved, it'll be carried out with a combination of running a fork + using modified software that can issue arbitrary IBC packets (like our own RootChain).</p><hr><p><em><em>The best way to support our contribution is to <a href="https://p2p.org/cosmos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=phase3_post">stake ATOM with P2P Validador</a>.</em></em></p><hr><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=phase3_post">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've been validating in Cosmos Hub since the first day of mainnet. P2P Validator provides comprehensive due-diligence and invested its own funds in ATOM in 2017 intending to support Cosmos network in the long term.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=phase3_post"> https://p2p.org</a></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=phase3_post">p2p.org/cosmos</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>

Vasiliy Shapovalov

from p2p validator

Cosmos Cosmos' Game of Zones Phase 3: a Deceptive Rootchain that will trap your tokens

<h1 id="cosmos-game-of-zones-phase-3-a-deceptive-rootchain-that-will-trap-your-tokens"><strong>Cosmos' Game of Zones Phase 3: a Deceptive Rootchain that will trap your tokens</strong></h1><p><em><em>For Phase 3 we prepared a specific deceptive zone whose purpose is to trap your transfers and let the zone ‘root’ users to claim them on the counterparty chains.</em></em></p><h2 id="evil-rootchain"><strong>Evil Rootchain</strong></h2><p>For Phase 3 we prepared a specific deceptive zone whose purpose is to trap your transfers and let the zone ‘root’ users to claim them on the counterparty chains.</p><p>That zone does not expose a vulnerability in IBC, neither it is something unexpected by people who made ICS: it’s merely an illustration of IBC threat model and how it can be used to steal user funds.</p><p>We modified <code>createOutgoingPacket()</code> function to work like that:</p><ul><li>user who has at least some root denom tokens (i.e. 1000root on balance) can create any outgoing transfers they want, even if they don’t have the required funds;</li><li>user who has no root tokens cannot transfer any tokens back to a source chain.</li></ul><p>Here’s the <a href="https://gist.github.com/vshvsh/88964912dbd389332c53bc239fb59168">gist</a> of how it’s done, and the <a href="https://github.com/p2p-org/gaia-rootchain">full project</a>.</p><p>So if someone was to transfer, say, doubloons to our deceptive chain, they couldn’t take it back - but any root user can redeem fake tokens for real tokens on an origin chain.</p><p>That means that a regular user who sends funds to a deceptive chain can’t cash them out on an origin chain - they’ve basically lost they funds. But it’s not apparent, because internal transfers on the zone work fine, and until a user tries to redeem the transferred token they won’t see any problems.</p><p>Moreover, malicious root token holder can redeem those tokens instead of an original sender or transferred token holders, and that wouldn’t be apparent too without aggregate analysis of all transfers across all channels.</p><p>We deployed it on responsible-3 zone (heads up: responsible was an approved sockpuppet account of p2p all along; it didn’t compete in earlier phases where scarcity and/or account throughput were an issue).</p><h2 id="demonstration"><strong>Demonstration</strong></h2><p>An unsuspecting user makes a transfer of 100 very valuable ptp tokens to responsible-3:</p><pre><code>&gt;rly tx transfer p2p-org-3 responsible-3 100ptp true cosmos16zx4s8nculu94vhm07fd3qlg8g7grtj0xk49dg I[2020-06-03|18:21:59.489] ✔ [p2p-org-3]@{50776} - msg(0:transfer) hash(962733C0568867D6F4EA70417EB1E747FCC136396E3E020D5351DAD011ACBE6D) I[2020-06-03|18:22:09.218] ✔ [responsible-3]@{50793} - msg(0:update_client,1:ics04/opaque) hash(87D2802713DB702334AB843CAD488841E5A3E1A7C95DCB0DA0344E5039A77674) </code></pre><p>They now have transferred tokens in the wallet, but can they transfer them back?</p><pre><code>&gt;rly q bal responsible-3 100transfer/fmqnwnlqii/ptp </code></pre><pre><code>&gt;rly tx transfer responsible-3 p2p-org-3 100ptp false cosmos16zx4s8nculu94vhm07fd3qlg8g7grtj0xk49dg I[2020-06-03|18:56:09.666] ✘ [responsible-3]@{51200} - msg(0:transfer) err(sdk:4:failed to execute message; message index: 0: need to be root user to send ibc source=false transfers: unauthorized) Error: failed to send first transaction </code></pre><p>No, they can’t. Here comes a root user:</p><pre><code>&gt;rly q bal responsible-3 100000000000root,975000rsp </code></pre><p>They don’t have any <code>100transfer/fmqnwnlqii/ptp</code> tokens, but they can redeem 100ptp on p2p-org-3 anyway:</p><pre><code>&gt;rly tx transfer responsible-3 p2p-org-3 100ptp false cosmos1hazzkmrvxcrxvxv98daslkw0a7uax5djqgn20d I[2020-06-03|18:58:41.425] ✔ [responsible-3]@{51230} - msg(0:transfer) hash(24456218B05964F3B7B57EFD1F25E2CEEDA9BAAEBC957D0A6E315D801929E093) I[2020-06-03|18:58:49.540] ✔ [p2p-org-3]@{51217} - msg(0:update_client,1:ics04/opaque) hash(769158A9735DF93496F08F631E5D1AB04CCF081DFC132700E25C970D33DF74DB) </code></pre><pre><code>&gt;rly q bal p2p-org-3 100ptp </code></pre><h2 id="conclusion"><strong>Conclusion</strong></h2><p>The prolonged existence of actively malicious “rootchains” is not realistic - people wouldn’t use it for anything - but we expect people might deploy temporary ones for fishing or scamming purpose when IBC connections are permissionless and IBC-enabled wallets allow arbitrary chains to be added.</p><p>More than that, any sufficiently complicated IBC-enabled blockchain can become a “rootchain” due to vulnerability, especially if we’re talking about complex smart contract chains and dynamic IBC like on Agoric or CosmWASM chains. Both trapping the funds on receiving chain forever or dishonest redeeming on source chain can be a result of an exploit on undertested code.</p><p>We think that the community should build tools for total supply observability across chains and means to swiftly stop IBC transfers with malicious or vulnerable zones or applications via governance to prevent user fund loss.</p><hr><p><em><em>The best way to support our contribution is to <a href="https://p2p.org/cosmos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=phase3_post">stake ATOM with P2P Validador</a>.</em></em></p><hr><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=phase3_post">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've been validating in Cosmos Hub since the first day of mainnet. P2P Validator provides comprehensive due-diligence and invested its own funds in ATOM in 2017 intending to support Cosmos network in the long term.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=phase3_post"> https://p2p.org</a></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=phase3_post">p2p.org/cosmos</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>

Vasiliy Shapovalov

from p2p validator

Polkadot Create Account in Polkadot Network

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

Alex Bond

from p2p validator

Polkadot Claim DOT With PolkadotJS

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

Alex Bond

from p2p validator

Polkadot Polkadot Nomination Guide

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

Alex Bond

from p2p validator

Cosmos P2P Raises Fee at Cosmos While Continuing to Invest More Than Earnings

<p>P2P Validator has been supporting Cosmos network from day one, <strong><strong>providing high-quality validation services</strong></strong> for ATOM delegators. Our <strong><strong>developed products allow delegators</strong></strong> to easily manage investments and receive a detailed report on their staking income.</p><p><strong><strong>We invest in the development of Cosmos network</strong></strong> and see the long-term prospects, however, the costs of maintaining the infrastructure and product development are several times higher than the revenues that the validator receives currently. We have decided to <strong><strong>return to a commission of 8% in 21 days</strong></strong> to remain flexible and provide more sustainable services.</p><h2 id="what-have-we-done"><strong>What have we done?</strong></h2><p>For more than 5 months of hard work under a reduced fee, we <strong><strong>did not stop the development activity</strong></strong> in the Cosmos network. Here is a list of the <strong><strong>most significant achievements</strong></strong> that have been released for the Cosmos ecosystem:</p><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee#dashboard-block">P2P Dashboard</a> for Cosmos users:</p><ul><li>Track and predict user rewards (more correctly than major explorers, check out our <a href="https://economy.p2p.org/lost-in-cosmos-explorers?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee">article</a>)</li><li>Ledger delegation, redelegation, claim of rewards</li><li>Rewards report for all Cosmos Hubs (1,2,3)</li><li>CSV reward report</li></ul><ol><li><a href="https://economy.p2p.org/category/cosmos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee">9 articles</a> and users guides posted</li><li><a href="https://goz.p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee">Visualization of IBC handshakes</a> for the Game of Zones</li><li><a href="https://github.com/p2p-org/relayer/blob/master/docs/commands.md">Documentation</a> and <a href="https://dash-goz.p2p.org/public/dashboards/PxNuUZv6XxsUwETE4iWhLiVEUIOiFlD3GJhPig6P?org_slug=default">dashboards</a> for Game of Zones</li><li><a href="https://defiapi.com/">Affiliate API</a> for Cosmos wallet monetization</li><li>We financially <a href="https://economy.p2p.org/p2p-validator-acquired-corestar-development-team?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee">supported Corestar team</a>, who developed Arcade, Tendermint hack with built-in <a href="https://economy.p2p.org/p2p-validator-helps-to-carry-out-random-beacon-for-Cosmos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee">BLS random beacon</a> built on ICF grant</li><li>Ongoing work on public rate-limited GraphQL API for Cosmos applications</li></ol><p>Product development inside the ecosystem is an essential element not only to support the Cosmos network, but also as a part of the <strong><strong>long-term growth of the community and the network value.</strong></strong></p><h2 id="when-will-the-commission-be-increased"><strong>When will the commission be increased?</strong></h2><p>We will increase the commission by 1% every day, starting from June 12. <strong><strong>On June 18, our rate will remain at 8%.</strong></strong> There is a lot of work ahead and we believe that <strong><strong>joint efforts will accelerate the evolution of Cosmos network.</strong></strong></p><p>We want to <strong><strong>thank all our delegators</strong></strong> for their continuous support and being with us! <strong><strong>If you stake ATOM with P2P - you contribute to the Cosmos ecosystem.</strong></strong></p><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=cosmos_fee">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_fee">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_fee">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>

Paul P

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

Tezos, Staking P2P Launched Dashboard For All Tezos Users

<p>From now, <strong><strong>P2P Staking Dashboard expands tracking for all Tezos bakers.</strong></strong> You can check received and pending rewards, balances and current delegations across any amount of addresses for any baker in one place.</p><p>Try it now at <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=p2p_dashboard_tezos">p2p.org</a></p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif" class="kg-image" alt></figure><p>Token holders in the Tezos network are faced with the <strong><strong>problem of tracking received and expected rewards from their baker.</strong></strong> Often, a user who has delegated his assets does not have the opportunity to check and if the baker delays payment or stops paying at all (as was the case with Flippin Tacos), he <strong><strong>loses the reward.</strong></strong></p><p>All this is even more difficult if you are baking with several bakers or splitting your assets between different addresses.</p><p><strong><strong>P2P Dashboard gives Tezos users an easy way to track payouts for unlimited addresses for all bakers.</strong></strong> By adding one or more addresses to the panel, you can find information about current delegations, balances, and payments.</p><blockquote><em><em>“ In building P2P Validator we have gained a lot of experience and learned about delegators’ needs by communicating with those in the Tezos network. We feel the love from the Tezos community and want to pay something back by solving the problem of tracking Tezos portfolios with multiple addresses. We launched P2P Dashboard and our goal is to make life easier for delegators who have 1 or more Tezos accounts!</em></em></blockquote><blockquote><em><em>Paul P. - product manager at p2p.org”</em></em></blockquote><p>To start, <strong><strong>go to</strong></strong> <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=p2p_dashboard_tezos">p2p.org</a> and <strong><strong>click on the Get started</strong></strong> button in the right corner. Connect to the panel by manually entering the address or using your Ledger device.</p><p><strong><strong>Try it now at!</strong></strong></p><hr><p><strong><strong>Web:</strong></strong> <a href="https://p2p.org/?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=p2p_dashboard_tezos">p2p.org</a></p><p><strong><strong>Stake Tezos with us:</strong></strong> <a href="https://p2p.org/tezos?utm_source=blog&amp;utm_medium=economy&amp;utm_campaign=p2p_dashboard_tezos">p2p.org/tezos</a></p><p><strong><strong>Twitter:</strong></strong> <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p>

Paul P

from p2p validator