Admin

Kusama P2P Validator and Robonomics announce collaboration for launch of parachains on Kusama

We are pleased to announce a collaboration with <a href="https://robonomics.network/?ref=p2p.org">Robonomics</a> for the launch of parachains on the Kusama (KSM) network. Through this partnership, <a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> will roll out, maintain and support infrastructure for Robonomics parachain when Robonomics wins a slot within a Kusama parachain auction. P2P Validator will help to ensure a smooth launch and sustained support of Robonomics parachains through rolling out an optimal number of collators and full nodes to organise all associated parachain data. In addition to this, we will work with Robonomics to produce new block candidates by passing them to the relevant validators across the Kusama relay chain.Robonomics is an open-source server-less IoT platform on top of Ethereum and Polkadot. Its main goal is to bring the economy of robots into the 4th industrial revolution.Kusama parachain is an excellent opportunity for Robonomics to scale up to 1 million IoT devices connected in real-time without any centralized regulators.Through this partnership, P2P aims to demonstrate our technical infrastructure capabilities across the Kusama blockchain. As a leading non-custodial staking provider securing more than $3 billion in assets across 25+ staking networks, we are thrilled to work with Robonomics on this exciting project. <hr><h2 id="useful-resources">Useful Resources</h2>To find out more about Robonomics crowdloan campaign, visit the <a href="https://robonomics.network/kusama-slot/?ref=p2p">dedicated crowdloan page</a>. Don’t forget to unbond your KSM to participate in the crowdloan. To learn more about Polkadot and Kusama, please visit P2P’s support centre: “<a href="https://help.p2p.org/en/articles/5161573-kusama-ksm-staking-faq?ref=p2p.org">Kusama Staking FAQ</a>” & “<a href="https://help.p2p.org/en/articles/5094261-polkadot-dot-staking-faq?ref=p2p.org">Polkadot Staking FAQ</a>”.

Admin

from p2p validator

Kusama Slashing Event in Kusama - Post Mortem

<h3 id="summary">Summary</h3>115 validators of different staking providers received "unapplied slash" during the era 2249 in Kusama due to not sending "I'm online" signal. 45 out of 115 validators are P2P validators where a possible slash would be around 0.6% of active stake.Unapplied status means that it can be reverted through governance action, which is exactly what happened in that case.<h3 id="customer-impact">Customer Impact</h3>All slashings have been reverted and no customer funds are impacted thanks to councils who supported the request and voted for the <a href="https://kusama.polkassembly.io/motion/295?ref=p2p.org">motion 295</a> to cancel the slashing.<h2 id="what-happened">What Happened</h2>Almost all of the active P2P Validator nodes were running 0.9.0 version. Monitoring showed perfect performance although sometimes we detected CPU spikes during the election.On May 13, there was a release note issued for the <a href="https://github.com/paritytech/polkadot/releases/tag/v0.9.1?ref=p2p.org">0.9.1 version</a>. The release had “Low (upgrade at your convenience)” upgrade priority. P2P started to roll out this version gradually because this is our SoP for low priority upgrades.On May 14, we got a notification via Kusama Validator Lounge chat which said: “Just a heads up that the 9010 runtime upgrade will happen in ~55 minutes at block 7,468,792. If your node is not on at least version v0.9.0, it will not be able to sync after that”After the runtime 9010 had been applied, part of our monitoring services based on @polkadot-js/api stopped working due to it being an older version than required with the fresh runtime upgrade. We had an alert which would have been triggered if all CPU cores had 95%+ load at once, but as only one core had been overloaded, it didn't fire. Therefore, we didn’t figure out that a number of our nodes would get slashed. It took about 40 mins to understand what exactly had happened.See diagrams:CPU time of node under v0.9.0 that experienced CPU load during the election.<figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/xbMcNNQasSYF-CWTDqRaczqDUKVhZcf2FFbTC5_ubeGcZs1mpMGCES6MOxYgZxW0NtLCNl4Nzcb5qNp5IzYk0BcgHQCrp2s0qVazGGMvct2QbkIgbpMlDX0dfNGcSPE373RGV0pJ" class="kg-image" alt loading="lazy"></figure>CPU time of node under v0.9.1 - no spikes<figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/uqe0ePHHepSaTDa5rueOthMvifsFhezANDS7Y-vkQ5QxbfSO1QuPJbHiqVcwf9I8Xshh7pd2uzS-VWtzbZEGtJzgO02JojrjRAAaOEZwpaVdiAMNg835F0KHctcxPkuSUEab1XGO" class="kg-image" alt loading="lazy"></figure>Logs records nodes running on v0.9.0Looking at logs it becomes clear that after the runtime upgrade, nodes were experiencing some issues with performance. We caught 61780 events, which is a huge number and very unusual.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/bQTU71RRrNxVcfTAW8tKOgg-FQmrsrbYq3k5v2DeFqyyh4rWq3oyb-hbUq30BfzL5QdeuCda8XisWvr1C5i62oYkFPMpADfKWv5zhcdzbYGrC6tieoJzZXwTHDd2syjP0qB2Xk9l" class="kg-image" alt loading="lazy"></figure><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/tyErRh-yx8nhKGrEDIWdEcEwdmMKQfH-bv0w0VCNaZ_kG3yFmS2-7wNJq-EJmERFnoiUl1tV8LWSXpINXw8lt6hOoJ_Zyf5z9QoQpmTplkZUNfNLAHs2HalIv42I7QvVeE4PYT59" class="kg-image" alt loading="lazy"></figure> During CPU spikes, our validators were not able to send "heartbeat" events. Therefore all 115 validators got slashed due to the concurrent unresponsiveness of a bunch of validators, see offence <a href="https://wiki.polkadot.network/docs/en/learn-staking?ref=p2p.org#slashing">Level 2</a>.In order to avoid further slashing, P2P team undertook the necessary steps as follows:May 14, 21:30:00<ul><li>Fix monitoring service</li></ul>May 15, 00:30:00<ul><li>Validation is recovered on all P2P validators</li></ul>May 15, 00:40:00<ul><li>Investigation in collaboration with other nodes operators and the Kusama dev team occurred.</li></ul>May 15, 05:00:00<ul><li>All Kusama nodes have upgraded to v0.9.1 that solved CPU spikes issue</li></ul>May 15, 19:00:00<ul><li>Set “--wasm-execution Compiled” flag for all Kusama nodes </li></ul>----Slashing was reverted by one of council member Raul Romanutti who proposed cancellation of slash submitting the <a href="https://kusama.polkassembly.io/motion/295?ref=p2p.org">motion 295</a> and no user funds were affected.----<h3 id="lessons-learnt">Lessons Learnt</h3><ul><li>We should have more resilient monitoring for our nodes and infrastructure</li><li>Follow polkadot-js releases to upgrade libraries on time</li><li>Look closely at network status during runtime upgrades</li></ul><h3 id="what-s-next">What’s Next</h3><ul><li>We are going to work on new infrastructure and improvements for monitoring services that will help us to avoid such cases.</li></ul>

Admin

from p2p validator

Marlin, Guide, Matic, Ethereum Tutorial: Transferring MPOND from Matic to Ethereum

The following is a step-by-step guide to transferring MPONDs earned in FlowMint stakedrop from Matic to Ethereum, and staking them using the Marlin network for an approximate APR of 10-12%.<h3 id="adding-mpond-to-metamask">Adding MPOND to MetaMask</h3><ol><li>To begin, you must <a href="https://p2p.org/economy/how-to-claim-mpond-during-flowmint-stakedrop/">harvest your MPOND</a> from FlowMint stakedrop.</li><li>To see your MPONDs on the MetaMask on Matic, add the MPOND token as a Custom Token in the MetaMask settings. To do so, navigate to MetaMask, click 'Add Token' and input the contract code below:</li></ol> MPOND contract - 0x27B064fE4B708fDa0fD0C4ff2b78a1e4DAB812D1.<h3 id="transferring-mpond-from-matic-to-metamask">Transferring MPOND from Matic to MetaMask</h3><ol><li>To begin the process, go to <a href="https://wallet.matic.network/bridge?ref=p2p.org">wallet.matic.network/bridge</a> and connect your MetaMask using the Matic Network add-in.</li></ol>When prompted, select the following options:<ul><li>From Matic to Ethereum</li><li>Transfer Mode: PoS Bridge</li><li>Token: Marlin (Mpond)</li></ul>After configuring details, press Transfer.<figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/-EPHar6mXzR9g4b_aUHtuwoYeNopbVCum-9xgKtG2oYHAogiNDx8kA39im7CPhDp08P9uywP7hMABMUWXYT2hyes8q2Xk-PUmsUW4ZsiWhdvCi4vXVUY4KfcZCBREuevG0iAeT57" class="kg-image" alt loading="lazy"></figure> After pressing transfer you will be prompted with a transaction overview screens. Press continue as in the screenshots pictured below. <figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="915" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure>After confirming the transaction, you have to wait for the initialisation process. You can see the transaction status in the upper right corner. After a successful confirmation, you will pay fee in MATIC.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-1.png" class="kg-image" alt loading="lazy" width="2000" height="774" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-1.png 2400w" sizes="(min-width: 720px) 720px"></figure>Once the "Checkpoint" has arrived [see image on the right above], switch the network in the MetaMask settings from Matic to Ethereum and click Continue.Sign the transaction on the Ethereum network to initiate the withdrawal of MPOND tokens from Matic to Ethereum.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-3.png" class="kg-image" alt loading="lazy" width="2000" height="1072" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-3.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-3.png 2400w" sizes="(min-width: 720px) 720px"></figure>After the transaction is signed, you will receive the MPOND tokens on the Ethereum network. To see the MPOND token in Metamask, use the MPOND contract address on the Ethereum network. MPOND contract address: 0x1C77d15857646687005dbbAfFf5873F4495a9731Now you can stake your MPOND tokens! Use the following tutorial to <a href="https://p2p.org/economy/stake-pond-with-marlin/">stake your POND/MPOND tokens with P2P Validator</a>.<hr>If you have any questions, please stop by the <a href="https://t.me/P2Pstaking?ref=p2p.org">P2P Telegram</a>.<hr><h3 id="about-p2p-validator">About P2P Validator</h3>P2P Validator is a world-leading non-custodial staking provider securing more than $3.2 billion from over 10,000 delegators across 25+ high-class staking networks. <h3 id="learn-more-">Learn more:</h3>Web: <a href="https://p2p.org/?utm_source=blog&utm_campaign=sol_guide">p2p.org</a> Twitter: <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">@p2pvalidator</a> LinkedIn: <a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org">linkedin.com/company/p2p-org</a> Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/P2Pstaking</a>

Admin

from p2p validator

Cosmos Cosmos ATOM Staking Guide [Keplr + Ledger]

This tutorial helps you stake and manage <a href="https://coinmarketcap.com/currencies/cosmos/?ref=p2p.org">ATOM</a> tokens on the <a href="https://p2p.org/cosmos?ref=p2p.org">Cosmos</a> blockchain, using both the <a href="https://keplr.app/?ref=p2p.org">Keplr</a> Browser Extension and Web Wallet together with your favorite <a href="https://www.ledger.com/?ref=p2p.org">Ledger</a> device.<h3 id="this-guide-will-help-you">This guide will help you</h3><ol><li>Set up your Keplr Wallet.</li><li>Stake ATOMs on the Cosmos blockchain to earn ATOM staking rewards.</li><li>Manage your Cosmos ATOM stake and grow your portfolio</li></ol><h3 id="before-you-start-">Before you start:</h3><ul><li>Download and install the newest version of <a href="https://www.ledger.com/ledger-live/download?ref=p2p.org">Ledger Live</a> on your desktop machine.</li><li>Update your <a href="https://support.ledger.com/hc/en-us/articles/360002731113-Update-Ledger-Nano-S-firmware?ref=p2p.org">Ledger</a> device to the newest firmware.</li><li>Install the latest version of the Cosmos App on your Ledger device. </li></ul>See below for a step-by-step guide. <h3 id="i-setting-up-your-keplr-wallet">I. Setting up your Keplr Wallet</h3><ol><li>Open the Keplr Browser Extension (available for <a href="https://chrome.google.com/webstore/detail/keplr/dmkamcknogkgcdfhhbddcghachkejeap?ref=p2p.org">Chrome and Brave</a>) and press ‘Import Ledger’.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/image-1.png" class="kg-image" alt loading="lazy" width="384" height="455"></figure>2. Give the account a name, then click ‘Next’.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/image-2.png" class="kg-image" alt loading="lazy" width="384" height="455"></figure>3. Plug in and unlock your Ledger device. Open the Cosmos app and click ‘Next’.4. Your Keplr account is successfully connected to your Ledger device.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/image-3.png" class="kg-image" alt loading="lazy" width="384" height="556"></figure>Now let's start staking! <h3 id="ii-staking-atom-on-the-cosmos-blockchain">II. Staking ATOM on the Cosmos blockchain</h3><ol><li>Open the Keplr Browser Extension and choose your Ledger account (via the ‘human icon’).</li><li>Copy your address by clicking ‘Deposit’ first, then fund your account with ATOM.</li><li>Once you have a balance, you can proceed with the ‘<a href="https://wallet.keplr.app/?ref=p2p.org#/cosmoshub-4/stake">Stake</a>’ option.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/image-4.png" class="kg-image" alt loading="lazy" width="904" height="282" srcset="https://p2p.org/economy/content/images/size/w600/2021/02/image-4.png 600w, https://p2p.org/economy/content/images/2021/02/image-4.png 904w" sizes="(min-width: 720px) 720px"></figure>4. Choose your validator (P2P.ORG - P2P Validator) then click ‘Manage’ and ‘Delegate’ in the next picture.5. Choose the amount of ATOMs you want to stake and click ‘Delegate’.<figure class="kg-card kg-gallery-card kg-width-wide"><div class="kg-gallery-container"><div class="kg-gallery-row"><div class="kg-gallery-image"><img src="https://p2p.org/economy/content/images/2021/02/image-5-1.png" width="392" height="357" loading="lazy" alt></div><div class="kg-gallery-image"><img src="https://p2p.org/economy/content/images/2021/02/image-6.png" width="392" height="357" loading="lazy" alt></div></div></div></figure>6. Set your preferred fee (there are three options available) by hitting ‘Set Fee’.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/image-7.png" class="kg-image" alt loading="lazy" width="304" height="474"></figure>7. In the following window, double-check the amount you are going to delegate as well as the P2P Validators’ address (you can see the first and last few digits only).<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/02/image-8.png" class="kg-image" alt loading="lazy" width="304" height="470"></figure>8. Check the information on your Ledger device and click ‘Approve’ on it.9. Use the Dashboard within the <a href="https://wallet.keplr.app/?ref=p2p.org#/cosmoshub-4/stake">Keplr Web Wallet</a> or <a href="https://www.mintscan.io/cosmos?ref=p2p.org">Mintscan</a>, one of the popular block-explorers, to see whether your delegation was successful. <div class="address-card"> P2P Validator’s Cosmos address: cosmosvaloper132juzk0gdmwuxvx4phug7m3ymyatxlh9734g4w </div> Now let’s try to manage your staking assets. <h2 id="iii-managing-your-cosmos-stake">III. Managing your Cosmos stake</h2><h3 id="claim-your-atom-staking-rewards">Claim your ATOM staking rewards</h3><ol><li>Open the Keplr Browser Extension and click ‘Claim’.</li><li>Choose your comfortable fee by hitting ‘Set Fee’ in the appropriate pop-up screen.</li><li>Plug in your Ledger device, unlock, and open the Cosmos app on it, then click ‘Next’ in the Browser Extension pop-up.</li><li>Review the transaction on your Ledger device and confirm it by hitting the two buttons on your hard wallet.</li></ol><h3 id="compound-your-atom-staking-rewards-to-increase-your-return">Compound your ATOM staking rewards to increase your return</h3><ol><li>Open the Keplr Web Wallet and, find your validator (P2P Validator) in the Staking Menu, click ‘Manage’ and then ‘Delegate’.</li><li>Choose the fees in the subsequent pop-up, hit ‘Set Fee’.</li><li>Plug in your Ledger device, unlock, and open the Cosmos app on it, then click ‘Next’ in the Browser Extension pop-up.</li><li>Review and sign transaction by hitting ‘Approve’ on your Ledger device.</li></ol> <div class="note-card"> Cosmos (ATOM) Staking FAQ: <ul> <li>The current ATOM staking APY is approximately 10.60% per year.</li> <li>You need to have some funds remaining on your account while staking to ensure you can cover transaction fees.</li> <li>Claiming rewards is a manually process which involves transaction fees.</li> <li>Cosmos staking rewards are paid out in real-time, with rewards accruing approximately every 7 seconds.</li> <li>The Cosmos network has a 21 day unstaking period throughout which your tokens will not be transferable.</li> </ul> </div> That’s it.Now you know how to delegate and compound your Cosmos staking rewards using both the Keplr Browser Extension and the Keplr Web Wallet together with your Ledger device.If any questions arise, whether on <a href="https://p2p.org/cosmos?ref=p2p.org">Cosmos staking</a> or not, feel free to contact us via <a href="https://twitter.com/p2pvalidator?ref=p2p.org">Twitter</a>, <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a>, <a href="https://www.linkedin.com/company/p2p-org/?ref=p2p.org">LinkedIn</a>, or <a href="https://p2p.org/?ref=p2p.org#contact-us">email</a>. About P2P Validator <a href="https://p2p.org/?ref=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 high class staking opportunities securing more than 3 billion of USD value at the time of the latest update.P2P Validator is trusted by over 24,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.

Admin

from p2p validator

Polkadot P2P Partners With Advanced Blockchain AG To Manage Institutional Polkadot Staking

We are pleased to announce our collaboration with <a href="https://en.advancedblockchain.com/?ref=p2p.org">Advanced Blockchain AG</a> to manage their <a href="https://p2p.org/polkadot?ref=p2p.org">Polkadot (DOT) staking</a> activities - validating their 7-figure USD equivalent DOT balance - whilst furthering their research activity across the Polkadot Network. <a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> has been chosen due to our unique ability to enhance the efficiency of staking portfolios across institutional stakers - specifically Polkadot - maximising their staking returns as well as their strategic positioning across blockchain staking networks.  <h2 id="institutional-staking">Institutional Staking</h2>With our institutional staking services, P2P offers stakers an advanced, non-custodial staking methodology providing access to secure staking strategies for optimised APY returns. By working with P2P Validator’s institutional staking division, Advanced Blockchain AG are able to maintain their direct DOT exposure whilst maximising their staking APY and efficiently compounding <a href="https://p2p.org/economy/3-reasons-to-stake-dot-right-now/">DOT staking rewards</a>. In addition to this, Advanced Blockchain AG can benefit from P2P’s extensive monitoring, analytic and support systems as well as around-the-clock support.Speaking on the partnership, CEO of Advanced Blockchain AG Michael Geike commented "We are very happy to be working with P2P Validator and highly value their expertise across staking networks. Together we aim to maximise our returns while supporting and further stabilising the Polkadot ecosystem.” <h2 id="furthering-polkadot-network-research">Furthering Polkadot Network Research</h2>Our mission at P2P is to advance developments within the blockchain space and to contribute to the growth of PoS networks like the <a href="https://p2p.org/economy/polkadot-overview-for-newcomers/">Polkadot Network</a>. Our vision extends beyond that of digital asset staking as we aim further research efforts across decentralisation and governance.By partnering with Advanced Blockchain AG - a public blockchain network developer - we are able to identify innovative staking networks at an early stage whilst further growing our professional staking network.  <hr> <h2 id="about-p2p-validator">About P2P Validator</h2>P2P Validator is a leading non-custodial staking provider securing more than $3 billion in assets from across 25+ staking networks including <a href="https://p2p.org/polkadot?ref=p2p.org">Polkadot</a>, <a href="https://p2p.org/cosmos?ref=p2p.org">Cosmos</a>, <a href="https://p2p.org/solana?ref=p2p.org">Solana</a> and <a href="https://p2p.org/tezos?ref=p2p.org">Tezos</a>. Our services include transparent digital asset staking, advanced monitoring, dedicated account analyst and 24/7 support. To learn more about our range of professional staking services across networks like Polkadot, <a href="https://p2p.org/?ref=p2p.org#contact-us">contact us</a>. <h2 id="about-advanced-blockchain-ag">About Advanced Blockchain AG</h2>Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a publicly listed blockchain venture builder and ecosystem supporter in Germany. Founded in 2017, their portfolio and ecosystem development approach is centered around Web 3.0 and distributed ledger technology. To learn more about Advanced Blockchain AG and its portfolio companies, visit en.advancedblockchain.com.

Admin

from p2p validator

Staking, TheGraph Graph Network - Brief Overview

The Graph Network is an indexing protocol built for the decentralised web. Users of the Graph Network can build and share open APIs across Ethereum and IPFS to allow for fast and reliable blockchain data access. Data is managed and processed via open networks, providing users with verifiable integrity.<h2 id="current-network-state">Current network state</h2>The Graph Network was <a href="https://medium.com/graphprotocol/introducing-the-graph-4a281b28203e?ref=p2p.org">introduced</a> in July 2018 and launched their <a href="https://thegraph.com/blog/the-graph-network-launches-mainnet?ref=p2p.org">mainnet</a> this year, on December 17th, as the first decentralized blockchain data network.The Graph Network works to improve access to decentralized applications through public and open APIs named subgraphs. Subgraphs dictate which data the network will index from Ethereum, as well as how this data is stored. Upon deployment, a subgraph forms part of a global blockchain data network. During their testnet phase, Graph saw over 200 active indexers, together with more than 1600 individuals, complete their <a href="https://thegraph.com/blog/curator-program-launch?ref=p2p.org">Curator Program</a> for decentralising data across DeFi.Between June and November 2020 they have seen a 10x increase - from 1 to 10+ billion monthly queries - with usage across Curve, Uniswap, Decentraland and more. <h2 id="grt-token-allocation">GRT Token allocation</h2>In October 2020, Graph Foundation <a href="https://thegraph.com/blog/public-sale-announcement?ref=p2p.org">announced a public sale</a> of GRT and successfully raised $12M. Earlier this year the Graph Foundation raised $5M in a <a href="https://thegraph.com/blog/funding-announcement?ref=p2p.org">private token sale</a>.The details of the GRT token can be found below: <ul><li>Symbol: GRT</li><li>Type: ERC-20</li><li>Initial Circulating Token Supply: ~1,245,666,867 GRT</li><li>Initial Total Token Supply: 10,000,000,000 GRT</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/GRT_Piechart_v2-2.png" class="kg-image" alt loading="lazy" width="2000" height="1288" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/GRT_Piechart_v2-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/GRT_Piechart_v2-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/12/GRT_Piechart_v2-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/12/GRT_Piechart_v2-2.png 2400w" sizes="(min-width: 720px) 720px"></figure>More information on the <a href="https://thegraph.com/blog/announcing-the-graphs-grt-sale?ref=p2p.org">GRT token sale</a> is available here: thegraph.com/blog/announcing-the-graphs-grt-sale 4% of the total GRT supply - 400M tokens - was allocated to 4,500+ persons across more than 90 countries. These delegators can contribute to the Graph Network through delegating their stake to network Indexers - like P2P - to earn indexing rewards.<h2 id="graph-network-staking-economics">Graph Network staking economics</h2>Staking in the Graph Network is a method of securing their data network and rewarding network contributions.Node operators across the network can lock their GRT tokens to provide indexing and query processing services for improved data access. These node operators - also known as ‘Indexers’ can earn fees and indexer rewards for this.Delegators across the network are those who hold the GRT token can stake it to contribute to the overall network security and receive a share of indexer rewards.Delegation lets passive, less technical participants secure the Graph Network without the need to run a node.Indexers - like P2P - set a Fee and Reward Percentage which they keep, with the rest of the rewards transferring to Delegators. The annual emission in The Graph network is set to 3%. There is no slashing risk for delegators but the current Indexer slashing percentage is at 2.5%.<a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> currently has the largest Graph Network Indexer globally, with a 33M GRT balance and 530M GRT capacity. Our Indexer balances are available on network.thegraph.com.Address 1: 0x5A8904be09625965d9AEc4BFfD30D853438a053e (0x5a89—8a053e)Address 2: 0xf4a097ce3a4efbd1748b2ef2076813961e4e6fa7 (0xf4a0—4e6fa7)Users that want to contribute to the stability and security of the Graph Network without the complexities associated with node management can delegate staking to Indexers and earn a portion of on-chain indexing reward. To delegate GRT with us, please refer to the resources below: <ul><li><a href="https://p2p.org/economy/the-graph-delegation-guide-for-locked-grt/">Graph (GRT) Delegation Guide - Locked tokens</a></li></ul><figure class="kg-card kg-embed-card"><blockquote class="twitter-tweet" data-width="550">We are proud to have launched the largest <a href="https://twitter.com/graphprotocol?ref_src=twsrc%5Etfw&ref=p2p.org">@graphprotocol</a> Indexer and self-bond worldwide with an owned stake of 33.4M GRT and 500M GRT available capacity. 0x5a8904be09625965d9aec4bffd30d853438a053e See our GRT delegation guide 👉 <a href="https://t.co/MJMCtrztfY?ref=p2p.org">https://t.co/MJMCtrztfY</a>— P2P Validator (@P2Pvalidator) <a href="https://twitter.com/P2Pvalidator/status/1341371588139229185?ref_src=twsrc%5Etfw&ref=p2p.org">December 22, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> </figure><h2 id="graph-network-resources">Graph Network resources</h2><ul><li>Website: <a href="https://thegraph.com/?ref=p2p.org">thegraph.com</a></li><li>Explorer: <a href="https://thegraph.com/explorer/?ref=p2p.org">thegraph.com/explorer</a></li><li>Docs: <a href="https://thegraph.com/docs/?ref=p2p.org">thegraph.com/docs</a></li><li>Network: <a href="https://network.thegraph.com/?ref=p2p.org">network.thegraph.com</a></li><li>Github: <a href="https://github.com/graphprotocol?ref=p2p.org">github.com/graphprotocol</a></li><li>Blog: <a href="https://thegraph.com/blog/?ref=p2p.org">thegraph.com/blog</a></li></ul><h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators across 25+ high-class networks. We have participated in the incentivized testnet since the beginning. P2P Validator invested its own funds in The Graph project in 2018 and intends to run indexers in the long term.

Admin

from p2p validator

Avalanche How to delegate your AVAX using Avalanche wallet

Avalabs has just launched its main network so AVAX holders can now participate in staking and earn rewards.<blockquote>Please keep in mind that the data in the screenshots are taken from the test network.</blockquote><h2 id="what-do-i-need-to-do-to-start-delegating-my-avax">What do I need to do to start delegating my AVAX?</h2>At the time of writing the only known wallet that will support AVAX delegation immediately after Everest starts is the official Avalanche wallet. If you participated in the public sale of Avalanche tokens, you might already have a wallet and certain amount of AVAX (that also could be delegated despite it's locked up) if not, you need to create the wallet first.<h2 id="create-your-avalanche-wallet">Create your Avalanche wallet</h2><ol><li>Go to the <a href="https://wallet.avax.network/?ref=p2p.org">https://wallet.avax.network/</a></li><li>Choose the <code>Create new wallet</code> option.</li><li>Generate a 24 word key phrase for your wallet. Please be very careful since this phrase is the only way to keep control of your AVAX.</li><li>Once the wallet is ready you can deposit AVAX to start delegation.</li></ol>We recommend using the keystore file which is an encrypted version of a private key protected by your password, since it’s secure and convenient to use.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-17.png" class="kg-image" alt loading="lazy" width="2000" height="833" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-17.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-17.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-17.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/1-17.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="delegate-your-avax-to-a-validator">Delegate your AVAX to a validator</h2>1. Open your wallet using the key phrase or keystore file.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-21.png" class="kg-image" alt loading="lazy" width="1654" height="630" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-21.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-21.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-21.png 1600w, https://p2p.org/economy/content/images/2020/09/2-21.png 1654w" sizes="(min-width: 720px) 720px"></figure>2. Check whether you are connected to the main network called "Manhattan".<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/Screen-Shot-2020-09-22-at-10.36.48.png" class="kg-image" alt loading="lazy" width="544" height="298"></figure>3. Check the balance. You will find the amount of available funds in the asset list on the <code>Portfolio</code> tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-13.png" class="kg-image" alt loading="lazy" width="2000" height="643" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-13.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/4-13.png 2400w" sizes="(min-width: 720px) 720px"></figure>4. Go to the <code>Earn</code> tab and use <code>Cross Chain Transfer</code> to send the necessary amount of AVAX to the Platform chain (P-Chain) to make the delegation possible. Please keep in mind that the minimum amount for delegation is 25 AVAX.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-7.png" class="kg-image" alt loading="lazy" width="2000" height="846" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-7.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/5-7.png 2400w" sizes="(min-width: 720px) 720px"></figure>5. Once you see the correct amount of AVAX under the P-Chain, you can proceed with the delegation by clicking the <code>Add Delegator</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-4.png" class="kg-image" alt loading="lazy" width="2000" height="855" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-4.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/6-4.png 2400w" sizes="(min-width: 720px) 720px"></figure>6. Now you have to choose a pool to delegate with. To stake with P2P just copy the Node ID and paste it in the search field. Node ID: <code>NodeID-7CCynVtyQVRBTCjzpfrsrSuaCTjXw7o3G</code> Delegation Fee: 8% End time: Sun, Dec 20, 2020 Saturation point: 3M AVAX Where saturation point is the total amount of stake that the node can accept.7. Click the <code>Select</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/71.png" class="kg-image" alt loading="lazy" width="2000" height="643" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/71.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/71.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/71.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/71.png 2400w" sizes="(min-width: 720px) 720px"></figure>8. On the next page, specify the staking period, staking amount and rewards address. You will see the possible rewards by changing the amount and/or period.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-6.png" class="kg-image" alt loading="lazy" width="2000" height="780" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/8-6.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/8-6.png 2400w" sizes="(min-width: 720px) 720px"></figure>9. Click <code>Confirm</code> and check the stake parameters again.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-7.png" class="kg-image" alt loading="lazy" width="2000" height="597" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/9-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/9-7.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/9-7.png 2400w" sizes="(min-width: 720px) 720px"></figure>10. Finally, click the <code>Submit</code> button. You will get a success message.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-5.png" class="kg-image" alt loading="lazy" width="2000" height="951" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/10-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/10-5.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/10-5.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="how-to-track-the-delegated-stake">How to track the delegated stake?</h2>There is a "Estimated Rewards" tab in the Avalanche web wallet that shows your delegation history. <figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="941" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/image-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="why-p2p">Why P2P?</h2><ul><li><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise.</li><li>We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</li><li>We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.</li><li>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</li></ul><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Polkadot P2P.ORG received grant for Multi-blockchain ETL for Polkadot and Filecoin

<h4 id="7th-september-2020-p2p-validator-is-delighted-to-announce-their-grant-work-on-connecting-the-polkadot-and-filecoin-ecosystems-by-creating-an-etl-solution-with-unified-api-together-with-web3-foundation-and-protocol-labs-">7th September 2020 - P2P Validator is delighted to announce their grant work on connecting the Polkadot and Filecoin ecosystems by creating an ETL solution with unified API , together with Web3 Foundation and Protocol Labs.</h4>Over the past few years, the world has seen the rise of blockchain interoperability; with the attraction DeFi tools and platforms are getting nowadays, the idea of making the blockchain world more interoperable has become ingrained. The blockchain ecosystem has already attracted thousands of software developers working on different things - applications, wallets, dashboards, explorers - but by inserting interoperability into this equation brings an additional challenge.Imagine a situation where a user moves a chain A asset through bridge B to parachain X to open a Collateralized Debt Position (CDP), then uses received stablecoin to long a synthetic asset from parachain D on a margin trade chain E. Ten years ago this could sound like nonsense - but this is a reality now. To make efficient applications that would allow this behavior - the developers need appropriate tools."Default blockchain node interfaces are usually unsuited for complex or historical data queries. That makes building application on top of blockchains a complicated affair - you need to build your own data layer first. Interchain communication aggravets that problem even more", says Vasiliy Shapovalov, CTO of P2P Validator. "Our goal is to exctract, clean, enrich, transform, and serve the blockchain data in way that will allow users to to merge several application-specific interchain requests in the single one."To begin this journey, we've decided to create an ETL solution for blockchains with a GraphQL API for the collected data. The solution aims to add value and decrease development costs for every company or individual who is working on application development. GraphQL as an API query language has been chosen to unify the data interface to simplify the development process and provide the best quality real-time data for applications.As a validator, we have a unique opportunity to develop such a system:<ul><li>we have developed our dashboards and other tools that require a deep dive into specific blockchain's architecture</li><li>blockchain node management does not add costs to the solution as we already maintain them</li><li>we are familiar with a variety of blockchains</li><li>we are trusted by more than 2000 users staking their assets with us</li></ul>Although our ultimate goal is to provide a high-quality data source for lots of blockchains, we've chosen Polkadot and Filecoin to be the pioneers in this project. We would love to see services that would utilize this solution and supply a justified demand for more blockchains to be added as data sources.“We are excited to work together with Protocol Labs and P2P validator to create an interoperability-first data warehouse across all kinds of different blockchains. This will make it easier to integrate with different blockchains and ultimately help the entire ecosystem ”, says David Hawig, Grants Lead at Web3 Foundation."In collaboration with Web3 Foundation we’re delighted to support P2P Validator as they build an ETL solution to simplify the process of building wallets, dashboards, explorers and apps that interact with multiple blockchains connected through interchain communication protocol", says Eva Shon, Grants Coordinator at Protocol Labs.Stay in touch with us and visit our website and GitHub to know more!<h3 id="about-web3-foundation">About Web3 Foundation</h3><a href="https://web3.foundation/?ref=p2p.org">Web3 Foundation</a> funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland, by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation's flagship project.<h3 id="about-protocol-labs">About Protocol Labs</h3><a href="https://protocol.ai/?ref=p2p.org">Protocol Labs</a> is an open-source research, development, and deployment laboratory. Protocol Labs' projects include IPFS, Filecoin, libp2p, and many more. Protocol Labs aim to make human existence orders of magnitude better through technology.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?utm_source=blog&utm_medium=announcement&utm_campaign=polkadot_grant_announcement">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 high-class staking opportunities securing more than 3 billion of USD value. At the time of the lastest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Cardano How to delegate your ADA with Ledger Nano S/X

<h1 id="how-to-delegate-your-ada-with-ledger-nano-s-x">How to delegate your ADA with Ledger Nano S/X</h1>This guide will walk you step-by-step through the process of delegation in Cardano using the ledger device.<hr>First of all <a href="https://www.ledger.com/ledger-live?ref=p2p.org">download ledger live app</a> on your device, connect the ledger and <a href="https://support.ledger.com/hc/en-us/articles/360002731113?ref=p2p.org">make sure it is up to date</a> with the actual version of firmware. Install Cardano app and check that the corresponding icon has appeared on the display of your ledger.1. Go to <a href="https://adalite.io/?ref=p2p.org">https://adalite.io/</a> and select hardware wallet as the preferred access method.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/mPTCCKj.png" class="kg-image" alt loading="lazy" width="2000" height="758" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/mPTCCKj.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/mPTCCKj.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/mPTCCKj.png 1600w, https://p2p.org/economy/content/images/2020/09/mPTCCKj.png 2048w" sizes="(min-width: 720px) 720px"></figure>2. Press <code>Unlock with Ledger</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/YaJ8NQZ.png" class="kg-image" alt loading="lazy" width="2000" height="851" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/YaJ8NQZ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/YaJ8NQZ.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/YaJ8NQZ.png 1600w, https://p2p.org/economy/content/images/2020/09/YaJ8NQZ.png 2274w" sizes="(min-width: 720px) 720px"></figure>3. Select the Cardano icon in your ledger and confirm the export of the address.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2aS4nQW.png" class="kg-image" alt loading="lazy" width="1058" height="1202" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2aS4nQW.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2aS4nQW.png 1000w, https://p2p.org/economy/content/images/2020/09/2aS4nQW.png 1058w" sizes="(min-width: 720px) 720px"></figure>4. Confirm the export of your keys with ledger. You may be asked to repeat the previous step and do it once more.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1kroT4z.png" class="kg-image" alt loading="lazy" width="928" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1kroT4z.png 600w, https://p2p.org/economy/content/images/2020/09/1kroT4z.png 928w" sizes="(min-width: 720px) 720px"></figure>5. Approve the export.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1gkdndG.png" class="kg-image" alt loading="lazy" width="1196" height="1124" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1gkdndG.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1gkdndG.png 1000w, https://p2p.org/economy/content/images/2020/09/1gkdndG.png 1196w" sizes="(min-width: 720px) 720px"></figure>6. After successful confirmation the wallet info will be available on your device. If you have ADA on your ledger go to step <code>#6</code>. If not, scroll down to the list of your addresses and send ADA to one of them.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/UWZKjSJ.png" class="kg-image" alt loading="lazy" width="1850" height="880" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/UWZKjSJ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/UWZKjSJ.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/UWZKjSJ.png 1600w, https://p2p.org/economy/content/images/2020/09/UWZKjSJ.png 1850w" sizes="(min-width: 720px) 720px"></figure>7. Refresh the balance on the staking tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5DVCRGt.png" class="kg-image" alt loading="lazy" width="1872" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5DVCRGt.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5DVCRGt.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5DVCRGt.png 1600w, https://p2p.org/economy/content/images/2020/09/5DVCRGt.png 1872w" sizes="(min-width: 720px) 720px"></figure>8. In the Delegate stake field you can put our pool ID. P2P Validator Pool: <code>33c1bf1a04ba85d8fd6119a08ee7f4ad659add075e2208b28862a2a1</code> Wait for the appearance of pool info as on the screen below and press <code>Delegate</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/fCn2ObX.png" class="kg-image" alt loading="lazy" width="1882" height="854" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/fCn2ObX.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/fCn2ObX.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/fCn2ObX.png 1600w, https://p2p.org/economy/content/images/2020/09/fCn2ObX.png 1882w" sizes="(min-width: 720px) 720px"></figure>9. In the confirmation window double check that the pool info is correct. You will need to reserve 2 ADA to create a staking address on top of the transaction fee. You will be able to return the reserve if you cancel staking and won't be using that address any more. This functionality is currently unavailable in ADAlite wallet. Click <code>Confirm</code> Transaction.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/YViqQLW.png" class="kg-image" alt loading="lazy" width="1666" height="1090" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/YViqQLW.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/YViqQLW.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/YViqQLW.png 1600w, https://p2p.org/economy/content/images/2020/09/YViqQLW.png 1666w" sizes="(min-width: 720px) 720px"></figure>10. In the following step you will be asked to confirm registration of a staking key and delegation via ledger. On the ledger screen you will see the slot and epoch when the delegation is made. Press both buttons to continue.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/aQTqESn.png" class="kg-image" alt loading="lazy" width="1200" height="1068" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/aQTqESn.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/aQTqESn.png 1000w, https://p2p.org/economy/content/images/2020/09/aQTqESn.png 1200w" sizes="(min-width: 720px) 720px"></figure>11. Confirm the registration of a staking key.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/ghc5AKi.png" class="kg-image" alt loading="lazy" width="1196" height="1098" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/ghc5AKi.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/ghc5AKi.png 1000w, https://p2p.org/economy/content/images/2020/09/ghc5AKi.png 1196w" sizes="(min-width: 720px) 720px"></figure>12. Confirm the delegation itself. It will become active after two epochs (~10 days). In Cardano there is no slashing so your funds are safe.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/vTe2I2o.png" class="kg-image" alt loading="lazy" width="1194" height="958" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/vTe2I2o.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/vTe2I2o.png 1000w, https://p2p.org/economy/content/images/2020/09/vTe2I2o.png 1194w" sizes="(min-width: 720px) 720px"></figure>Congratulations! After completing all the steps you will see the updated info about your delegation in ADAlite wallet.<hr><h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=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 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Cardano When will I start receiving my ADA rewards?

<h1 id="when-will-i-start-receiving-my-ada-rewards">When will I start receiving my ADA rewards?</h1>Many of our community members have been asking around when they could start receiving rewards from delegated stake. And the short answer might be as follows: you will begin receiving staking rewards three entire epochs after the epoch during which you delegated your ADA. But let’s take a closer look at the delegation cycle.<hr><h2 id="delegation-cycle-explanation">Delegation Cycle Explanation</h2>Below you can find a graph showing the delegation cycle on the <a href="https://cardano.org/?ref=p2p.org">Cardano</a> network.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/ApO8ZLR.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/ApO8ZLR.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/ApO8ZLR.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/ApO8ZLR.png 1600w, https://p2p.org/economy/content/images/2020/09/ApO8ZLR.png 1630w" sizes="(min-width: 720px) 720px"></figure>First we need to determine a starting point. For example, <code>P2P</code> stake pool was registered on 11 August 2020. Thus, if you had delegated during the <code>210</code> epoch your stake would have been counted in the snapshot on the <code>210-211</code> epochs boundary.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2.png 1600w, https://p2p.org/economy/content/images/2020/09/2.png 1630w" sizes="(min-width: 720px) 720px"></figure>Once the snapshot is taken, we have to wait for the current epoch to be finished so that the stake becomes active. In our case we are going to wait for the <code>212</code> epoch.During the <code>212</code> epoch the snapshotted stake becomes active and participates in the block minting process according to the Ouroboros consensus engine logic.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3.png 1600w, https://p2p.org/economy/content/images/2020/09/3.png 1630w" sizes="(min-width: 720px) 720px"></figure>In the following <code>213</code> epoch, the rewards will be calculated properly according to the stake size of each delegator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4.png 1600w, https://p2p.org/economy/content/images/2020/09/4.png 1630w" sizes="(min-width: 720px) 720px"></figure>Finally, you will be rewarded for your patience on the first day of the next epoch. In the <code>P2P</code> case it will be <code>214</code> epoch on August 28.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5.png 1600w, https://p2p.org/economy/content/images/2020/09/5.png 1630w" sizes="(min-width: 720px) 720px"></figure><h2 id="takeaways">Takeaways</h2><ol><li>Cardano is a long term investment so you have to make a decision about delegation/redelegation with caution.</li><li>You can terminate the delegation process at any moment by sending your funds from the staking wallet to a new wallet that wasn’t used for delegation. In this case you will not be rewarded for this epoch.</li><li>Once you make a change, for instance you added new funds to the staking wallet, the added stake will go through the delegation cycle from the very beginning.</li><li>Making change is a simple and safe process as any other normal transaction on the blockchain.</li></ol><hr><h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=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 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Cardano How to restore your ADA from previous legacy wallets using Daedalus

<h1 id="how-to-restore-your-ada-from-previous-legacy-wallets-using-daedalus">How to restore your ADA from previous legacy wallets using Daedalus</h1>This guide is designed to help you to restore your ADA from legacy Daedalus, Yoroi or Hardware wallets.<blockquote>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the ‘Import selected wallet’ button and follow the instructions.</blockquote><h2 id="create-a-new-daedalus-wallet">Create A New Daedalus Wallet</h2>First of all, you need to create a new Daedalus wallet to load your funds from a legacy one. Ensure that you have the latest version of the wallet or download it from offical <a href="https://daedaluswallet.io/?ref=p2p.org#download">Daedalus wallet</a> page.1. After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1.png" class="kg-image" alt loading="lazy" width="1909" height="997" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1.png 1600w, https://p2p.org/economy/content/images/2020/09/1.png 1909w" sizes="(min-width: 720px) 720px"></figure>2. Enter the name and password for the Wallet.3. Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-1.png" class="kg-image" alt loading="lazy" width="1909" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-1.png 1600w, https://p2p.org/economy/content/images/2020/09/2-1.png 1909w" sizes="(min-width: 720px) 720px"></figure>At the next step, you will be prompted on how to use the 24-word Recovery Phrase. Read it carefully since if you lose your wallet recovery phrase you will not get a chance to take your ADA back.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-1.png" class="kg-image" alt loading="lazy" width="1914" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-1.png 1600w, https://p2p.org/economy/content/images/2020/09/3-1.png 1914w" sizes="(min-width: 720px) 720px"></figure>Next, you have to verify the 24-word Recovery Phrase you have just got from the system.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-1.png" class="kg-image" alt loading="lazy" width="949" height="445" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-1.png 600w, https://p2p.org/economy/content/images/2020/09/4-1.png 949w" sizes="(min-width: 720px) 720px"></figure>Wait for the wallet to be synced and then you can use it for new transactions or for moving your funds from restored legacy wallets.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-1.png" class="kg-image" alt loading="lazy" width="1918" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-1.png 1600w, https://p2p.org/economy/content/images/2020/09/5-1.png 1918w" sizes="(min-width: 720px) 720px"></figure><h2 id="restore-legacy-wallet">Restore Legacy Wallet</h2>1. Click the <code>hamburger</code> icon to open the side-panel and click <code>Add wallet</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6.png" class="kg-image" alt loading="lazy" width="1915" height="1012" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6.png 1600w, https://p2p.org/economy/content/images/2020/09/6.png 1915w" sizes="(min-width: 720px) 720px"></figure>2. Click the <code>Restore</code> button and select the type of the wallet. There are quite a few options you can use to restore the funds:<ul><li>You can restore your ADA from an older version of Daedalus such as Bayron legacy, Shelley legacy or Bayron paper wallets.</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7.png" class="kg-image" alt loading="lazy" width="945" height="805" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7.png 600w, https://p2p.org/economy/content/images/2020/09/7.png 945w" sizes="(min-width: 720px) 720px"></figure>If you have used Yoroi wallet and now for some reason would like to try Daedalus, you can employ the “Restore Yoroi wallet” feature to move your funds to a newly created Daedalus wallet.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8.png" class="kg-image" alt loading="lazy" width="942" height="754" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8.png 600w, https://p2p.org/economy/content/images/2020/09/8.png 942w" sizes="(min-width: 720px) 720px"></figure>You can also restore your funds from Hardware wallets such as Ledger (Byron legacy wallet) or Trezor (Byron legacy wallet). However, read the recommendations provided by IOHK team carefully to avoid exposing your hardware wallet private keys to security risks.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9.png" class="kg-image" alt loading="lazy" width="943" height="903" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9.png 600w, https://p2p.org/economy/content/images/2020/09/9.png 943w" sizes="(min-width: 720px) 720px"></figure>Overall, the process is the same for each kind of wallet:<ol><li>Go to the main dashboard and click <code>Add wallet</code> → <code>Restore</code>.</li><li>You will be prompted to select a type of legacy wallet. Select the one required and click <code>Continue</code>.</li><li>Enter Recovery phrase, Wallet Name and Password to restore the wallet.</li><li>Wait while your wallet syncs to see the legacy wallet and its balance in the user interface.</li><li>Transfer ADA to newly created Daedalus wallet.</li></ol><blockquote>Please keep in mind there will be a small fee in ADA to make a transfer from Bayron legacy to the new Shelley wallet.</blockquote>Once you have your funds in the newly created Daedalus wallet you can safely delegate them to a stake pool to start earning rewards<h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=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 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Cardano How to delegate ADA (Cardano) using Daedalus wallet

This guide explains how to start delegating ADA (Cardano) and earning rewards with the official full node Daedalus wallet.<hr><h2 id="install-daedalus">Install Daedalus</h2><ol><li>Go to <a href="https://daedaluswallet.io/?ref=p2p.org#download">Daedalus wallet</a> page and download the latest version of the wallet</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-9.png" class="kg-image" alt loading="lazy" width="1345" height="790" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-9.png 1000w, https://p2p.org/economy/content/images/2020/09/1-9.png 1345w" sizes="(min-width: 720px) 720px"></figure>2. After the download is completed, unpack and install Daedalus wallet on your system.3. Once the installation is done, launch the Daedalus app and go through simple steps such as: select your language, read and accept the terms and conditions etc.4. Wait for Daedalus to sync. Since the blockchain is over 6GB it could take hours depending on your internet speed.5. After the sync is over, you can proceed with the next steps.<blockquote>There might be issues with connections to the Cardano network, please see <a href="https://iohk.zendesk.com/hc/en-us/articles/360010522913?ref=p2p.org">https://iohk.zendesk.com/hc/en-us/articles/360010522913</a></blockquote><h2 id="create-a-new-daedalus-wallet">Create A New Daedalus Wallet</h2><ol><li> After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-13.png" class="kg-image" alt loading="lazy" width="1909" height="997" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-13.png 1600w, https://p2p.org/economy/content/images/2020/09/2-13.png 1909w" sizes="(min-width: 720px) 720px"></figure>2. Enter the name and password for the Wallet.3. Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-10.png" class="kg-image" alt loading="lazy" width="1909" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-10.png 1600w, https://p2p.org/economy/content/images/2020/09/3-10.png 1909w" sizes="(min-width: 720px) 720px"></figure>4. At the next step, you will be prompted on how to use the 24-word Recovery Phrase. Read it carefully since if you lose your recovery phrase wallet you will not get a chance to take your ADA back.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-12.png" class="kg-image" alt loading="lazy" width="1914" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-12.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-12.png 1600w, https://p2p.org/economy/content/images/2020/09/4-12.png 1914w" sizes="(min-width: 720px) 720px"></figure>5. Next, you have to verify the 24-word Recovery Phrase you have just got from the system.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-6.png" class="kg-image" alt loading="lazy" width="949" height="445" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-6.png 600w, https://p2p.org/economy/content/images/2020/09/5-6.png 949w" sizes="(min-width: 720px) 720px"></figure>6. Wait for the wallet is synced and you can use it for new transactions or for moving your funds from restored legacy wallets.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-3.png" class="kg-image" alt loading="lazy" width="1918" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-3.png 1600w, https://p2p.org/economy/content/images/2020/09/6-3.png 1918w" sizes="(min-width: 720px) 720px"></figure><blockquote>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the <code>Import selected wallet</code> button and follow instructions.</blockquote> Delegate To A Stake Pool<ol><li>Once you have some ADA in the newly created wallet you can delegate them to the stake pool.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-2.png" class="kg-image" alt loading="lazy" width="1912" height="648" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/7-2.png 1600w, https://p2p.org/economy/content/images/2020/09/7-2.png 1912w" sizes="(min-width: 720px) 720px"></figure>2. Click on the network icon in the left side panel to open the delegation centre.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-2.png" class="kg-image" alt loading="lazy" width="1909" height="961" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/8-2.png 1600w, https://p2p.org/economy/content/images/2020/09/8-2.png 1909w" sizes="(min-width: 720px) 720px"></figure>3. Select the wallet which holds the ADA you wish to delegate to a stake pool and click the <code>Delegate</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-4.png" class="kg-image" alt loading="lazy" width="952" height="528" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-4.png 600w, https://p2p.org/economy/content/images/2020/09/9-4.png 952w" sizes="(min-width: 720px) 720px"></figure>4. The dialogue window will appear where you will be prompted with steps you need to go through. Click <code>Continue</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-3.png" class="kg-image" alt loading="lazy" width="955" height="583" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10-3.png 600w, https://p2p.org/economy/content/images/2020/09/10-3.png 955w" sizes="(min-width: 720px) 720px"></figure>5. Choose a wallet with funds you want to delegate and click <code>Continue</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11-1.png" class="kg-image" alt loading="lazy" width="946" height="823" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11-1.png 600w, https://p2p.org/economy/content/images/2020/09/11-1.png 946w" sizes="(min-width: 720px) 720px"></figure>6. Search the “P2P” pool ticker if you want to delegate to P2P Validator stake pool, select and click <code>Continue</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12-1.png" class="kg-image" alt loading="lazy" width="943" height="697" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12-1.png 600w, https://p2p.org/economy/content/images/2020/09/12-1.png 943w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13-1.png" class="kg-image" alt loading="lazy" width="946" height="619" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13-1.png 600w, https://p2p.org/economy/content/images/2020/09/13-1.png 946w" sizes="(min-width: 720px) 720px"></figure>7. Enter your spending password, confirm the delegation and enjoy rewards.<blockquote>Please keep in mind that your delegation will be counted two epochs later. Each epoch is exactly five days long. Therefore, you will begin receiving staking rewards after 10 days. You can track rewards under the <code>Rewards</code> tab.</blockquote><h1 id="about-p2p-org">About P2P.org</h1><a href="https://p2p.org/?ref=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 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.<blockquote>Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.</blockquote><hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Slava via [email protected]. We are always open for communication.<hr>Web: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a>

Admin

from p2p validator

Polkadot Polkadot overview for newcomers

<h1 id="polkadot-overview-for-newcomers">Polkadot overview for newcomers</h1>August 18th, 2020 - Polkadot almost became a fully-operational network by reaching the 4th of five milestones - opening transfers between accounts. The network is expected to finish the rollout plan this autumn by enabling parachain auctions and cross-chain interaction protocol, but, which might be important for newcomers, now you can legally buy and sell DOT tokens. If you are someone who missed the original 2017 and small 2020 sale but still are interested - this article is for you.<h2 id="which-wallets-to-use">Which wallets to use?</h2>We recommend starting exploring Polkadot with official <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot.js browser wallet</a> (you would also need to install <a href="https://github.com/polkadot-js/extension?ref=p2p.org">polkadot.js browser plugin</a>). This is the official wallet supported by Web3 Foundation that provides all possible opportunities for DOT users. If you are not a fan of desktop wallets, you can just walk through all tabs and get a good overview of Polkadot. The full list of supported wallets can be found <a href="https://wiki.polkadot.network/docs/en/build-wallets?ref=p2p.org">here</a>.You will notice that a lot of them are in the development stage, but the following ones are fully functional:<ul><li><a href="https://www.parity.io/signer/?ref=p2p.org">Parity Signer</a></li><li><a href="https://lunie.io/?ref=p2p.org">Lunie</a></li><li><a href="https://polkawallet.io/?ref=p2p.org">Polkawallet</a></li><li><a href="https://token.im/?ref=p2p.org">ImToken</a></li><li><a href="https://www.mathwallet.org/polkadot-wallet/en/?ref=p2p.org">Math wallet</a></li></ul>Please note that the wallets may not provide full functionality (e.g., Democracy, Council voting, Extrinsic, etc.) - but all of them support transfers and staking.<h2 id="where-to-buy-dot">Where to buy DOT?</h2>Generally, we don’t give advice on the exchange as your experience may differ based on the country of your residence or KYC/AML procedures. As you’re reading this page, we believe you are already a crypto person and you don’t need common advice like picking a trusted exchange. But there’s one thing you may not be familiar with:On August 21st, Polkadot will go through the redenomination process. It means the “old” DOT will be equal to 100 “new” DOTs. This was the choice of community - you can read more in the <a href="https://polkadot.network/the-results-are-in/?ref=p2p.org">official post</a>. This change will not be done by changing any core code - from 21st 1 DOT will be equal to 10^10 Plancks (the smallest fraction of DOT), while now it’s 10^12 Plancks. If you buy your DOT now, you will just see 100x more DOT on your balance after 21st.<h2 id="how-to-create-an-account">How to create an account?</h2>Please use <a href="https://p2p.org/economy/create-account-in-polkadot-network">our guide</a>. The whole process will take several minutes.<h2 id="how-to-nominate">How to nominate?</h2>We have a general <a href="https://p2p.org/economy/polkadot-nomination-guide">guide on nominating</a>. Here are some additional tips that you might find helpful:<ul><li>You can nominate from 1 to 16 validators from one account. The validator election mechanism will distribute your stake to validators in an optimal way (generally, for one validator). We recommend to nominate trusted validators as the right selection will provide better yield and protect you from <a href="https://p2p.org/economy/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">slashing</a>.</li><li>Your nomination status will update every day (around 1PM CET - when the validator election happens). The meaning of each status: Active - your nomination is working, and one of the validators you’ve chosen is in the active validator set. Everything is OK. Inactive - it is OK to have some inactive nomination while you have at least one active - it means that your nomination is working, but some of the validators you’ve chosen are not in the active set. Waiting - you will see this status if you’ve made a nomination but the elections haven’t happened yet. Don’t worry, just wait for the validator elections to be held. Renomination needed - this signals you that you need an update of your nomination.</li><li>Bonding and unbonding Bonding means you’re locking your funds to work in staking. While funds are locked, you can make nominations, update them, vote, etc. To make your funds liquid you should go through unbonding. Unbonding might be performed when you want to stop nominating and move or sell your DOTs. Please be careful - the unbonding period for Polkadot is 28 days, so basically you won’t be able to transfer or stake your DOTs for almost a month!</li><li>Controller account is a special account that might be linked with your primary account (stash in terms of Polkadot) to perform some actions (e.g., staking). It is good practice to have a controller account connected to your stash and don’t touch the last one without a significant reason. What is more important, you can basically share your controller account with 3rd parties to perform staking while keeping your stash keys with you and your funds will be safe!</li></ul>For those of you who have more than 50000 DOT we have a <a href="https://p2p.org/economy/polkadot-nomination-strategies/#p2p-validator-special-offer">special offer</a>!<h2 id="how-do-rewards-work">How do rewards work?</h2>At the moment, Polkadot provides around 14-15% APR on your stake. The following things might influence your profit:<ul><li>Validator fee. The average validator fee is around 3%.</li><li>Luck. The profit for each validator is proportional to the number of blocks produced during the era. These numbers will be equal in the long run, but for some days you may notice a bit more or a bit less profit than predicted - so basically you should not worry about this.</li><li>Total stake on the node. Polkadot provides staking rewards that are almost equal for every validator. After that, the validator automatically distributes the profit for the nominators after taking a validator fee. So, nominating to the validator that has 2M DOT in nominations will bring you twice as much as nominating the one with 4M DOT in nominations.</li><li>Overall validator performance. In the real world, different validators have different hardware resources, connectivity, etc. - all of these factors may affect nominators’ profitability.</li><li>Slashing penalties. <a href="https://p2p.org/economy/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">Please take a note on slashing and how it works in Polkadot</a>.</li></ul>Please use our <a href="https://p2p.org/economy/polkadot-nomination-strategies">article with nomination strategies</a> that are based on the stake you holdOther important points on the rewards:<ul><li>Rewards are distributed each era (24 hours for Polkadot).</li><li>By default, the rewards are not claimed automatically. This can be done either by you or by your nominated validator. P2P Validator is periodically claiming rewards for our nominators, so you should not worry about this if you nominate us.</li></ul><h2 id="what-is-slashing-and-how-does-it-work">What is slashing and how does it work?</h2>Slashing is a penalty mechanism that provides economic incentives for validators to play fair and nominators to choose the right validators. Slashing is triggered when a validator makes a double sign or more than 10% of the network goes offline. This can also happen because of a software bug. In such cases, the slashes are applied after 28 days and can be canceled by democracy voting.As the slashing is applied to both validator and its nominators, you may lose some portion of your stake. To minimize risks to be slashed:<ul><li>Select 16 validators in your nomination.</li><li>Select only the validators you know and trust.</li><li>Don’t try to make maximum profits - staking is a marathon, not a sprint. The risk of losing a portion of your stake might outweigh the better profitability of an unknown validator.</li></ul><h2 id="what-resources-to-use-or-follow">What resources to use or follow?</h2>For all newcomers to Polkadot ecosystem, we recommend the following resources:<ul><li>Our <a href="https://p2p.org/economy/category/polkadot/">blog articles about Polkadot</a></li><li>Join the <a href="https://t.me/PolkadotOfficial?ref=p2p.org">official Polkadot group on telegram</a></li><li>Join the <a href="https://matrix.to/?ref=p2p.org#/!FdCojkeGzZLSEoiecf:web3.foundation?via=matrix.parity.io&via=matrix.org&via=web3.foundation">community group in Element</a></li><li>Use the official <a href="https://wiki.polkadot.network/docs/en/getting-started?ref=p2p.org">wiki of the project</a></li><li>Get familiar with Polkadot in action using <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot.js</a></li><li>Use <a href="https://polkascan.io/polkadot?ref=p2p.org">Polkascan</a> or <a href="https://www.subscan.io/?ref=p2p.org">Subscan</a> to dive deeper in addresses and transactions</li><li>Give <a href="https://kusama.network/?ref=p2p.org">Kusama</a> network, a wild cousin of Polkadot, a try</li></ul><h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_for_newcomers">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 high-class staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Gleb via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_for_newcomers"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Polkadot Polkadot Nomination Strategies

While validators in Polkadot work together as the heart of the ecosystem - validate transactions, build the blockchain itself, and maintain network security, nominators supply the blood - they delegate their tokens to the validators they trust and therefore receive rewards and provide supply to the blockchain economy. So, what's the best strategy for a nominator? How to be sure your funds are safe and working at their maximum? We've gathered some strategies that might be useful for you based on the stake you have.<h1 id="500k-dots-and-more-">500K DOTs and more.</h1>You hold a large number of tokens, and the rewards you can get are pretty high (in absolute numbers). Here are some thoughts that you might find useful:<ul><li>The right nomination strategy can add several additional points to your APR, while with the wrong one you can receive only half of the potential profit. "Nominate once and relax" won't work for you because the fluctuations of nominations on the network can change the position of validators you've chosen drastically.</li><li>Selecting the most profitable validators in polkadot.js UI might not be a good idea because your stake is significant enough to change the position of validators in terms of profitability.</li><li>To make the best choice of validator, you should make predictions on the next validator set for each era, which requires development resources and a deep understanding of Polkadot validator election mechanisms.</li></ul>All this can make you think that it's almost impossible to get the maximum from your stake. Luckily, you're reading this text on p2p.org. We're a top-tier validator and can make this happen because of our vast amount of experience accumulated in Kusama and Polkadot.<h3 id="p2p-validator-special-offer-">P2P Validator special offer:</h3><ul><li>Optimized regular nominations to get maximum yield</li><li>Direct support by chat or video call</li><li>Weekly reports on profitability</li><li>Reports for tax authorities on demand</li><li>An immediate reaction in case of active set increases and other changes that can potentially affect your staking rewards.</li></ul>All the mentioned benefits are available for you without any additional fees. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking?ref=p2p.org">join our telegram group</a> to know more.<h1 id="50k-500k-dots">50K - 500K DOTs</h1>We can bet you care about your profits, so you may develop this strategy by yourself - monitor the staking daily and update your nomination to choose the best validators. But the question is - how to choose reliable validator nodes and get maximum rewards from them? Here are some thoughts:<ul><li>Your stake is still significant enough not to use the automatic validator selection on polkadot.js - you're still able to push the specific node from the top profitability position.</li><li>Try not to update your nomination right after the election happens. The same reason being as for the point above - your nomination changes the landscape, so the best time to make an update is about noon CET.</li></ul>Feel free to use a <a href="https://redash.p2p.org/public/dashboards/cviD6Ci7oUDRnSoq8CqNJImrJfq8uuY37DsiF2CY?org_slug=default&ref=p2p.org">dashboard</a> that predicts the next validator set and was designed to find out the best targets for nominations.If you plan to continue staking Polkadot and would contact us during the upcoming month - we are happy to tell you are also able to receive a special offer for 500K+ stakes. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking?ref=p2p.org">join our telegram group</a> to know more<h1 id="10k-50k-dots">10K-50K DOTs</h1>With a stake in this range, you might be interested in increasing profits, but paying too much attention to staking would not cover the costs of your time. The best approach would be to make a nomination and come back, check and update nomination if needed in a week or two. Here are some thoughts that might help you to make the right choice of validator:<ul><li>Choose nodes from a validator you know and can reach in case you have any questions. Polkadot network is permissionless - that means anyone can be a validator. The malicious behavior of a validator results in a punishment (slashing in terms of Polkadot) - which is a lot more harmful to the nominator than the validator.</li><li>If you're using polkadot.js, be careful over choosing validators automatically. This mechanism relies only on the current state of nominations and fees - and tells you nothing about specific validator quality.</li></ul>Use the <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a> web page to find out the best target addresses supported by P2P Validator.<h1 id="0-10k-dots">0-10K DOTs</h1>You don't have enough dots to earn a lot - but that also brings you an advantage - your stake does not significantly change a selected validator's profitability, so there is no need to pay much attention to nominations. The best strategy for you would be to choose around eight top-performing validators from the active set and the rest from the waiting list based on your feelings. We encourage you to put a bet on both big names in validation and include smaller independent validators who are active in community chats.<h1 id="general-thoughts">General thoughts</h1>According to Polkadot network rules, you can choose up to 16 validators in your nomination, and an automated election algorithm will do the rest. It looks like a perfect solution - to nominate once and relax, but there are some pitfalls that might affect your profits:<ul><li>Validators you've nominated might not be elected to the active validator set. This situation might occur if the other nominators that chose the same validators as you will renominate to other nodes. In this case, you're entirely missing any profit - and will continue to miss it until you make a new nomination or other people help your validators reach the active validator set.</li><li>Validators you've nominated become extremely popular and receive many nominations. In this case, you're getting profits on your stake, but they are not optimal. Here's a simple explanation: the reward each validator receives is almost equal for all active validators in the long term. The more nominated stake a specific validator has, the less each nominator gets. Some validators have nominations for 2M, some for 4M DOTs - as a result, the profits for their nominators differ twice!</li><li>There is a small chance the nodes you've nominated would go offline. If you nominate 16, the chance all of them would be down is meager - but it exists.</li></ul>The risks of not paying attention to the actual state of nomination in Polkadot can result in losing profits (partially or even completely). To mitigate our nominators' risks, P2P Validator supplies new validator nodes when the demand for them is growing.Why else should you nominate P2P Validator?<ul><li>We've invested our own funds in Polkadot & ecosystem and stake them via the public validator nodes - the same as you do</li><li>We have a dedicated DevOps and development team with a tremendous amount of experience across Polkadot and other blockchains</li><li>We were the first ones to run validators in both Polkadot and Kusama</li><li>We've achieved top-notch profitability for our nominators in Kusama and have a good track record.</li></ul>How to nominate P2P? Just use the 16 validator nodes listed on our website <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a><h2 id="p2p-statistics-in-kusama">P2P statistics in Kusama</h2>We have accumulated a huge amount of experience in staking Kusama and continue this story in Polkadot. The graph below shows the profits for a nominator with 1000 KSM with P2P Validator and other validators*.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/dx9t8wS.png" class="kg-image" alt loading="lazy" width="1021" height="611" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/dx9t8wS.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/dx9t8wS.png 1000w, https://p2p.org/economy/content/images/2020/09/dx9t8wS.png 1021w" sizes="(min-width: 720px) 720px"></figure>*Other validators’ profits are calculated based on the average weighted commission rate of 7,5%, average stake amongst all validators, and current staking ratio.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_nomination_strategies">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 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_nomination_strategies"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Polkadot Polkadot Council elections: vote for P2P Validator

After the first council elections and removal of sudo module Polkadot will become a permissionless chain fully governed by the community. Every DOT holder can submit a proposal and suggest parameter changes such as increasing the validator set and many more.P2P Validator is excited to announce our Council candidacy. We have supported both Polkadot and Kusama networks from the very beginning, and, as a result, received more than 50,000,000 DOTs from 250+ users as nominations. As a Council member, we promise to act in the interests of the Polkadot community.<h2 id="why-you-should-vote-for-p2p-validator">Why you should vote for P2P Validator</h2><ul><li>We have a proven track record of 2+ years in the validation business across different networks</li><li>We are active participants in the governance of most groundbreaking blockchains</li><li>We've invested our funds in Polkadot & ecosystem and stake them via the public validator nodes</li><li>We have a dedicated development team and participate in W3F General Grants Program</li><li>We are always open for community requests</li></ul><a href="https://p2p.org/economy/Polkadot-Council-elections-vote-for-P2P-Validator#how-to-vote">Press here to find detailed instructions on voting.</a><h2 id="role-of-a-council-member">Role of a council member</h2>Efficient governance implies an active participation of stakeholders, which is always limited to some extent. It requires continuous monitoring of new proposals and taking actions to check that the outcome is not harmful for the ecosystem. Sometimes, token holders miss the right moment or simply prefer not to participate in voting for various reasons. Councils in Polkadot represent passive stakeholders and have a crucial role in the governance affecting the way of approving/rejecting proposals.Some of their capabilities:<ul><li>Accept or reject treasury spending proposals</li><li>Propose a referendum and change its bias</li><li>Cast "veto" on a malicious proposal</li><li>Cancel slashes that are in a queue for application</li></ul>Initially there are 13 councilors, the number will gradually grow to 23. Elections initially happen once a day. Later, elections will occur on a weekly basis and eventually monthly. Every token holder can pick up to 16 candidates. Stake-weighted votes are distributed automatically based on the Phragmen method the same way as nominating validators. Tokens involved in staking count in the selection of Council members. The vote is considered valid until canceled via extrinsic. Before that DOT are frozen (becoming non-transferable). Unlike unbonding, there is no specific period to wait before unfreezing and they become unlocked and transferable right after submitting a corresponding transaction.<h2 id="the-mission-of-p2p-validator-as-a-council-member">The mission of P2P Validator as a council member</h2>Very simply, we can describe our mission as a council member as follows: to protect the interests of nominators and validators.Although nominators and validators have different roles in the ecosystem, we find that many points are valid for both:<ul><li>Nominators and validators own and earn a certain amount of tokens and are interested in network ecosystem growth.</li><li>Nominators' stake and validators' future profits are in a non-liquid state, so both would not welcome any change that would result in a negative change in value of their holdings.</li><li>In some cases, nominators and small independent validators may not have enough time or expertise to analyze the proposed changes and make a considered conclusion in voting for or against.</li></ul>So, what exactly are we going to do as a council member?<ul><li>Dive as deep as we can into any proposal that is put to the council</li><li>Publicly express our opinion regarding the proposals clearly stating the expected results for both nominators and validators</li><li>Collect opinions from both validators and nominators</li><li>Discuss it with other council members and vote based on the opinions we've got from the community</li><li>Issue regular reports on the network development direction based on the proposals and discussions in the council</li></ul><h2 id="how-to-vote">How to vote</h2>1. Go to a Council tab of<a href="https://polkadot.js.org/apps/?ref=p2p.org#/council"> PolkadotJS UI</a> and press the vote button in the right top corner.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-1.png" class="kg-image" alt loading="lazy" width="1600" height="722" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-1.png 1000w, https://p2p.org/economy/content/images/2020/09/1-1.png 1600w" sizes="(min-width: 720px) 720px"></figure>2. Select up to 16 candidates by left clicking on accounts in the left box or simply paste the address of the desired one in the search field. Here is P2P Validator candidate address: <code>14krbTSTJv3aaT1VeBRX7CzoV4crr3adeF3KutdpkCttrxsZ</code>After you specify the amount of DOT, press submit button and sign the transaction<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-3.png" class="kg-image" alt loading="lazy" width="1600" height="725" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-3.png 1000w, https://p2p.org/economy/content/images/2020/09/2-3.png 1600w" sizes="(min-width: 720px) 720px"></figure>3. Your vote will be considered in the following elections.To cancel your vote go to Extrinsics tab, select the account used for voting, choose electionsPhragmen in the left drop-down menu, and removeVoter() in the right one.Then press the Submit Transaction button and sign it.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-3.png" class="kg-image" alt loading="lazy" width="1600" height="718" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-3.png 1000w, https://p2p.org/economy/content/images/2020/09/3-3.png 1600w" sizes="(min-width: 720px) 720px"></figure>Your vote will be immediately removed and tokens locked in Council elections will unfreeze.<h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?utm_source=blog&utm_campaign=vote_for_p2p_council">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 high-class staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_campaign=vote_for_p2p_council"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=vote_for_p2p_council">https://p2p.org/polkadot</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>

Admin

from p2p validator

Cyberway Introduction to CyberWay

<h1 id="introduction">Introduction</h1>Since the development of the first blockchain database named “Bitcoin”, complex transaction behaviour was a “Holy Grail” for people wondering how they could pay, bet, play, and even order pizza with such assets.The first complex transaction logic implementation was made available right in “Bitcoin” with a stack virtual machine providing a limited set of operations for the end-user to make some fun with it. Fine example is an Omni-layer built on top of the operations set, which end-user intention is to provide a creation and usage of the custom user-defined assets. Such a system successfully fulfilled contemporary requirements for liquid asset transfer. Unfortunately, such an application logic usage rapidly overflowed the throughput available, so no mass adoption happened.Another attempt to provide the customizable complex transaction behaviour was made with creation of “Ethereum”, which provided some created from scratch programming language called “Solidity” for creation of even more complex application logic, hoping it would not overflow the database throughput. Obviously this lead to another failure. Primal language and naive database architecture understanding did not survive the reality check - in 2017 the protocol was literally down with CryptoKitties hype.The scalability troubles got up again, so another popular solution was rapidly proposed. It’s name was EOS. The solution was to split the computable transaction complex behaviour and to process it with the set of cluster nodes, which were called “Block producers”. This lead to the entrustment of an enourmous responsibility to these “Block producers”. They were now not only about data storage providers, but also computation providers. Now these guys not only store and process your data, but they even define the way your transaction behaves itself, define if they allow such a transaction to be written or not. Futhermore, such an “improvement” lead to the unacceptable database node hardware requirements, which made the support truly awful. Moreover such a split was not enough for building production-ready applications - who would like to find out if the upvote transaction, which was even payed for, was at first queued and then rejected?<h2 id="you-have-something-to-propose">You have something to propose?</h2>Yeap. The following blog post series is about the CyberWay (<a href="https://cyberway.io/?ref=p2p.org">https://cyberway.io</a>) - improved and refactored EOS fork.<h1 id="proposal">Proposal</h1>So what is CyberWay particularily about?<h2 id="eos-compatibility">EOS-compatibility</h2>First of all the backward compatibility is held. The code contains most of the tolerable EOS parts, but excludes the awful ones. So-called “Smart Contracts” API backward compatiblity is held too, but the insides have changed. That means every EOS application could easily become the CyberWay-based one and vice versa. Enough of that. Next.<h2 id="bandwidth">Bandwidth</h2>EOS’s bandwidth distribution is closely related to the amount of asset the particular user owns. Furthermore, it requires for the user to hold the asset to be available for the usage at any time. That means the asset becomes a highly valuable, but also it becomes the non-available for the newcomers one. So no newcoming applications are welcomed to be built with EOS.Striving to eliminate these inconveniences Cyberway introduces some changes.The bandwitdh accounting is split to the couple of categories:<ol><li>Priority-based bandwidth allows a user to get required computational facilities according to the amount of core-asset available.</li><li>Shared bandwidth supplies users with the unused computational power according to the particular user activity.</li></ol><h2 id="state-storage">State Storage</h2>EOS’s state storage is extremely unreliable and does not ensures that data is saved and restored after restart correctly. Futhermore EOS does not provide any convenient API, but supposes the data structure stored inside would be complex.CyberWay solves these troubles. CyberWay uses the external DBMS for the state storage, which means the particular developer favourite query language can be used and the external well-designed replication and clusterisation mechanisms, done by real engineers and scientists, are also about to reduce the hardware costs and make life easier.<h2 id="event-engine">Event Engine</h2>Because of the storage internals being factored out the separate service, the additional transaction contents-based event engine implementation is required. It is now impossible to alert the CyberWay executable from the various database if something happened or not, just like it was in EOS. Monitoring-purposed event engine, implemented as a part of updateable application, takes back the ability to track changes coming with every transaction, even if the data storage is completely outside.<h2 id="virtualization">Virtualization</h2>Just like EOS, CyberWay requires for the transaction behaviour to be updated easier, than updating the whole cluster software. That is why the WebAssembly engine is used for the virtualization purposes and with C++ as primary language for the application development.<h1 id="separation">Separation</h1>Why don’t just patch EOS?Several troubles are about the data itself, and not the code:<ol><li>EOS’s architecture made the memory quant an expensive one: according to the <a href="https://eosrp.io/?ref=p2p.org">https://eosrp.io</a> the cost of such a memory quant fluctuates from \$0.2 to \$0.5. That means any transaction-intensive application (e.g. some social applications) with even a quite small amount of active users (e.g. 2000-3000) would take at least 400MB per week, which would cost up to \$200,000.</li></ol>EOS’s custom transaction behaviour is stored inside the huge hash-table allocated over a shared memory and the access is provided with an interface, based on quite sofisiticated executable logic, which also costs.The obvious solution - to make a cache service and process the data all inside it - is also quite a task because:<ol><li>The so-called “Constitution” of EOS defines the largest time interval available for the unused data to be stored with the same ownership as 3 years. This is quite unacceptable with some kind of applications (e.g. social ones) demanding data availability from the very beggining, but the changes are hard to make because lots of other application types are perfetcly fine with this.</li><li>EOS is made to produce replication packages as fast as it can - about half of a second. Such a frequency is fine for marketing purposes, but it significally reduces the complexity of custom transaction logic. This is also unacceptable.</li><li>Reduced amount of validators - only 21, and no significant increase is expected because of EOS protocol restrictions.</li><li>Censorship availability for validators implemented right in the protocol core.</li></ol><h1 id="applications">Applications</h1>Applications are welcomed to use the following.<h2 id="shared-bandwidth">Shared Bandwidth</h2>Shared bandwidth sets a limit for the user activity based on its’ staked asset amount, but no less than some basic threshold. This is required to prevent spam to database from the newcomers, and redistribute more computational resources to the succesful application developers.Shared bandwidth is accounted separately for the network, RAM and CPU usage.Coming to accounting - this is done with particular application bandwidth balance, which shares the convenient part for the user performing the transaction. That is why this is called “Shared” bandwidth. The application is a multisignature account, which requires at least one additional signature from the particular user, for its’ bandiwidth to be used.This type of bandwidth allows CyberWay to provide applications with free on-boarding of users at early stages via CyberWay Acceleration Program. Later successful application could get CYBER tokens within Acceleration Program from special fund.<h2 id="priority-based-bandwidth">Priority-Based Bandwidth</h2>Priority-based bandwidth is required for the user to surely write the transaction. It is formed with the amount of core asset staked by the particular user and guarantees the transaction gets written right at next replication time. The whole amount of staked core asset forms the bandwidth market.Each account gets a share from the whole bandwidth market according to the amount of core asset the account has staked. Considering the case some user owned and staked the significant part of the whole bandwidth supply means the reduction of the resources available for other users. This is definitely not something requiring applications want.That is why CyberWay introduces the prioritization of the bandwidth. That means the bandwidth gets split to a couple of categories:<ol><li>Guaranteed bandwidth, which works exactly as EOS’s one.</li><li>Priority bandwidth, which is defined according to the particular account priority.</li></ol>How do account earn the priority?There are couple of ways:<ol><li>Perform less transactions using the currently available guaranteed bandwidth. The priority lowers as more transactions gets put inside with a single user.</li><li>Stake more core asset.</li></ol>The guaranteed/prioritized bandwidth split ratio is set by the cluster validators.<h2 id="memory-rent">Memory Rent</h2>Cluster RAM is something the applications require to work. In contrast to EOS, CyberWay supposes the RAM to be rented from so-called block producers, but not to be owned. The rules are the following:<ul><li>Every block producer sets a price for 1Kb memory per month. The price begins from the median price value across all block producers.</li><li>Users place their orders for some particular memory amount rent per month.</li><li>The order is recognized as emplaced for a week, after that it gets evaluated in case the cluster-wide demanded memory is lower than the amount of proposed one.</li><li>In case the proposed amount of memory is lower than demanded, proposed memory gets auctioned.</li></ul>In case the memory rent time is up, but there is still some user data stored inside, the archive operation is introduced. Block producers are in charge of initiating such an archivation and the restore is available for the user for the price median-valued among block producers.<h2 id="dbms-based-state-storage">DBMS-based State Storage</h2>Inspite of existing so-called “blockchain” databases, CyberWay does not intend to implement the database management software and uses the external DBMS as a state storage for more reliability. For now, only MongoDB is available, but in case of requirements, more are coming. Such a configuration considered to be troublesome for managing, but more reliable in long term.Embedded state storage is also available in CyberWay. RocksDB is used for the in-memory and in-daemon storage management component that is faster than MongoDB.<h2 id="event-engine-1">Event Engine</h2>As the state storage engine is incapsulated and factored out of the controller daemon, the event engine is implemented as a helper application, syncronizing and managing the data in external storages.The input of such an application is a transaction set, each of which gets registered as “processed” and only after this the data are unpacked to state storage.Such an approach allows to make sure the routine data operations are processed as required and to split the data managing daemon to single-responsibility micro-services.<h1 id="domain-names">Domain Names</h1>Every created account is not identified with a key as other databases do, but it gets a unique 8 byte identifier encoded in base32. Also a human-readable 63 byte length unique names are available for the assignment for every user. In case of the amount of such names is greater than one, it gets charged and called a “Domain Name”.Every domain name can be auctioned from base protocol or created by owner of a lower-level domain name. Domain names are transferable and reassignable. Therefore, a need for conversion between a domain name and account identifier gets satisfied with a newly introduced sufficient mechanism as much as need for domain transactions. Domain transactions are transactions which get applied to the data only related to the particular domain-name/application.<h1 id="protocol-properties">Protocol Properties</h1>Protocol properties are also got changed comparing to EOS’s ones.<h2 id="block-generation">Block Generation</h2>First of all, block generation time is increased for achieving more stable node replication. EOS’s 0.5 second block replication time is fine for most application in case of all the nodes are located in the same datacenter. But for truly distributed protocol, this requires to be increased due to increased network latency. CyberWay supposes the block replication time to be 3 seconds.<h2 id="block-producers">Block Producers</h2>Block producers are the key members of a protocol. They keep the database safe and consistent and get rewarded for that.Inspite of EOS’s 21 default block producers, in CyberWay the number of block producers is to be increased up to 101 in the future. This is required for more decentralization to be achieved.<h2 id="consensus-algorithm">Consensus Algorithm</h2>CyberWay consensus algorithm is heavily inspired by Tezos’ and Cosmos’ one. So, active users are rewarded for voting and non-active users are punished for not voting.Every account is allowed to vote for several validators with staked tokens.Block producer’s weigh is determined as follows: w = m / sqrt(S), where m is a number of votes for any particular candidate, S is a total number of votes for any particular candidate (or number of stakes tokens as 1 vote is 1 token)A particular block producer receives a reward from the emission and redistributes a share of it among his supporters. In case of misbehavior, e.g. a block omission, the block producer as well as his supporters are fined. The staked tokens are burned. This novelty makes block producers more responsible, and voters more careful and thoughtful.The block producers get a share of emission. The share depends on the total amount of staked tokens. The more tokens are staked, the less inflation is. Thus, the CyberWay has in-built incentives for users to participate in governance via voting. Moreover, the passive users are diluted as they do not get any rewards from validators.What if some user considers another user to understand better, which block producer is the best service provider? This gets covered by CyberWay with a proxy mechanism which ensures that some user could delegate his own assets to another user called “Proxy”. The proxy user gets fees for its service.<h2 id="censorship">Censorship</h2>In contrast to EOS, CyberWay completely removes any inequality between the users. There are no privileged accounts, no so-called “Constitution”, no blacklists.<h2 id="workers">Workers</h2>Workers are the mechanism first introducted in BitShares. These are users, who get their issuance share for making improvements for the protocol. The improvement can be registered and referenced by any user, particular improvement to resolve is selected via voting by validators.<h1 id="conslusion">Conslusion</h1>CyberWay is one more fork of EOS, specified to handle more complex applications with more decentralization available. Workers are considered to be the most powerful tool for decentralized protocol improvements. The scalability and performance CyberWay introduces is fine enough for running complex social applications or financial service apllications or gaming applications. The absence of censorship and priveledged accounts makes CyberWay even more decentralized, which is coming in the next blog post.

Admin

from p2p validator

Subscribe to P2P-economy