P2P Launched Dashboard For All Tezos Users

<p>Existing Cosmos explorers show limited information. In some cases, reward withdrawal happens not only by initiating <code>withdraw</code> transaction and there are unobvious events, which cause that action. We have added these hidden events to P2P Dashboard, <strong><strong>implemented full reward history across all Cosmos Hub versions and opened it for community</strong></strong>. Below, I will walk through the topic in detail with examples.</p><h3 id="transparency-limit"><strong>Transparency limit</strong></h3><p>Every transaction that is recorded in non-private blockchain can easily be retrieved for analytical or other purposes providing clarity for end users. With such transparency everyone can get a trusted record of any event since the start of the network. But is it really an easy task for someone without deep knowledge in code and various API endpoints to get all the data they need?</p><p>You may argue that there are multiple explorers built for this purpose but each of them focuses on various goals and doesn’t give a complete picture of all events happening in a particular network. For an ordinary user like me, explorers act as a window in this magic world of blockchains and <strong><strong>our understanding is limited by the events various tools decide to display</strong></strong>.</p><p>Blockchains are still new and complex to understand. The increasing number of projects with a different logic and various triggers is aggravating. Transparency matters especially for financial transfers and events that can be used for accounting purposes. For example, in Proof-Of-Stake blockchains it can be a withdrawal of accumulated rewards.</p><p>A diversity of high-quality explorers is significant for building user commitment to the network and facilitating trust although more tools do not always result in better visibility. Some explorers focus more on usability, which is also very important but it still is not conductive to increasing transparency for users of the network.</p><h3 id="unobvious-events-in-tendermint-blockchains"><strong>Unobvious events in Tendermint blockchains</strong></h3><p>Let's take a look at the reward withdrawal process in Cosmos Hub. Surplus accumulates in a validator pool and can be withdrawn to the corresponding staking address manually. Basically, a delegator withdraws rewards at any point of time to receive them on address. Explorers show this operation with names like GetReward or Withdraw Reward. In fact that's not the only action that triggers reward withdrawal.</p><h4 id="example-27-03-2020-"><strong><strong><strong>Example</strong></strong> (27.03.2020)</strong></h4><p>Let's take a random account and check the information about its balance on<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org"> Mintscan</a> block explorer.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-5.png" class="kg-image" alt loading="lazy" width="1784" height="547" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-5.png 1600w, https://p2p.org/economy/content/images/2020/09/1-5.png 1784w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-8.png" class="kg-image" alt loading="lazy" width="1799" height="685" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-8.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-8.png 1600w, https://p2p.org/economy/content/images/2020/09/2-8.png 1799w" sizes="(min-width: 720px) 720px"></figure><p>If we calculate total balances using this transaction data we should get:</p><ul><li>Received: <em><em>484,7076 ATOM</em></em></li><li>Delegated: <em><em>474 ATOM</em></em></li><li><em><em>Tx Fees: 0,015 ATOM</em></em></li><li>Available: <strong><strong><em><em>10,692625 ATOM</em></em></strong></strong></li></ul><p>And here are values from<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org"> Mintscan</a>:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-7.png" class="kg-image" alt loading="lazy" width="1890" height="532" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-7.png 1600w, https://p2p.org/economy/content/images/2020/09/3-7.png 1890w" sizes="(min-width: 720px) 720px"></figure><p>It is also true for the same address on <a href="https://cosmos.bigdipper.live/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org">Forbole</a>:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-4.png" class="kg-image" alt loading="lazy" width="1889" height="570" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-4.png 1600w, https://p2p.org/economy/content/images/2020/09/4-4.png 1889w" sizes="(min-width: 720px) 720px"></figure><p>We see an additional 0,971002 ATOM on the available balance, but where did they come from if there was no withdraw transaction made by this account? Of course you may say it's even less than 1 ATOM who cares? But systems based on a code should not allow any mistake. So, is the displayed balance correct or wrong? Let's look into it.</p><p>In fact, the balance is correct. <strong><strong>There are hidden events that trigger reward withdrawal but are not displayed on most explorers</strong></strong>. These tools serve another purpose and these events do not correspond much to the observation of what is happening in general. Nevertheless, these triggers are still crucial for generating full withdrawal history and bringing clarity for delegators.</p><p>There are five core types of actions delegators usually perform:</p><ul><li>Delegate to a validator</li><li>Redelegate to another validator</li><li>Undelegate from a validator</li><li>Withdraw accumulated rewards</li><li>Send available tokens to another address</li></ul><p>The first four of them initiate reward withdrawal, which is usually not displayed for the first three actions by most explorers.</p><p>On P2P Dashboard you can check reward withdrawals related to the same address.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-4.png" class="kg-image" alt loading="lazy" width="1895" height="482" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-4.png 1600w, https://p2p.org/economy/content/images/2020/09/5-4.png 1895w" sizes="(min-width: 720px) 720px"></figure><p>In some cases, to apply updates of the network, validators stop producing blocks and upgrade node software. This process requires a transition to a new chain with a new genesis file that stores the actual state at the moment of chain halt. When the new chain becomes active what happens with accumulated rewards?</p><p>These rewards also become available, the transition to the new chain triggers withdrawal but the event is also hidden and not obvious to delegators.</p><h3 id="p2p-dashboard"><strong>P2P Dashboard</strong></h3><p>Every public network needs a variety of analytical tools to allow people without advanced technical skills to get information about what is going on from different angles. In Proof-Of-Stake blockchains a clear reward history and accessibility of historical data are especially important. <strong><strong>What if you need to prove received reward referring to a particular event that simply does not displayed by any explorer?</strong></strong></p><p>Thinking of that, we decided to conduct technical research to make all rewards and withdrawals together with corresponding messages accessible and transparent across all versions of Cosmos Hub.</p><blockquote><em><em>We have added ability to check all withdrawal events across all versions of Cosmos Hub on <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release#dashboard-block">P2P Dashboard</a> and made it open for community. In addition, any ATOM delegator can check all withdrawals, get full reward history and download a report in CSV for multiple addresses.</em></em></blockquote><p>To start, go to <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release">p2p.org</a> and click <code>Get started</code> button in the top right corner. Connect to the dashboard manually by entering the address or using your Ledger device.</p><hr><p><em><em>Want to stake with us? Alexey will be happy to help. Contact</em></em> <em><em>[email protected]</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Stake ATOM with us:</strong></strong><a href="https://p2p.org/cosmos?ref=p2p.org"> https://p2p.org/cosmos</a></p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></p>

<p>2019 was a year chock full with meaningful events in staking space. It was marked by the launch of <a href="https://hub.cosmos.network/?ref=p2p.org">Cosmos Hub</a>, <a href="https://terra.money/?ref=p2p.org">Terra money</a>, <a href="https://www.irisnet.org/?ref=p2p.org">IRIS network</a>, <a href="https://www.algorand.com/?ref=p2p.org">Algorand</a>, <a href="https://kusama.network/?ref=p2p.org">Kusama network</a>, <a href="https://www.kava.io/?ref=p2p.org">Kava</a> and many other Proof-Of-Stake based blockchains on mainnet.</p><p>There are lots of ongoing activities across various systems, solid projects with high potential for finding market fit launched incentivized testnets. <a href="https://solana.com/?ref=p2p.org">Solana</a>, <a href="https://www.oasislabs.com/?ref=p2p.org">Oasis Labs</a> and <a href="https://celo.org/?ref=p2p.org">Celo</a> are amongst them.</p><p>We joined <a href="https://chain.link/?ref=p2p.org">Chainlink</a> as a node operator to improve decentralization of an oracle network and help solving the lack of real-world data for smart-contracts.</p><p>In <a href="https://tezos.com/?ref=p2p.org">Tezos</a>, Cosmos Hub and IRIS network <strong><strong>we participated in every on-chain governance</strong></strong> and there was a great feeling of true collaboration between stakeholders who are really interested in the best possible future for the ecosystem.</p><p>In 2019 <a href="https://cosmonauts.world/?ref=p2p.org">Cosmos ecosystem</a> grew to over 100 projects and <a href="https://tezosprojects.com/?ref=p2p.org">Tezos ecosystem</a> attracted over 1000 developers to facilitate continuous building. The Proof-Of-Stake space is still highly experimental and we are excited to be at the front of the movement to a fair and efficient future.</p><h1 id="p2p-validator-vision"><strong>P2P Validator vision</strong></h1><p>Since January 1st of 2019, asset value locked in staking increased nine times over and <a href="https://www.stakingrewards.com/global-charts?ref=p2p.org">reached $6,5B</a>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5g7NdjQ.png" class="kg-image" alt loading="lazy" width="1559" height="436" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5g7NdjQ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5g7NdjQ.png 1000w, https://p2p.org/economy/content/images/2020/09/5g7NdjQ.png 1559w" sizes="(min-width: 720px) 720px"></figure><p>[^Pic. 1]: Data from stakingrewards.com</p><p>We are absolutely confident that the <strong><strong>Proof-Of-Stake ecosystem will continue to grow</strong></strong>. With this in mind, P2P Validator will continue to extend communities of enthusiasts and developers. We will show the best ways of staking and the various opportunities offered by novel business models across the networks we support.</p><p>We will also <strong><strong>focus on making staking as simple, secure and attractive as possible</strong></strong>. For us being a reliable validator is a key business activity. Our focus here is on slashing risk minimization and active participation in governance of various platforms.</p><p><strong><strong>Non-custodial staking</strong></strong> allows every user to be in control of their assets eliminating risks associated with third parties and <strong><strong>represents the safest way of participating in the ecosystem, especially for big investors</strong></strong>. Our goal is to simplify interactions with hardware wallets by UI and be competitive in terms of various complementary services. Today, only at <a href="https://p2p.org/?ref=p2p.org">p2p.org</a> you can delegate ATOM, KAVA and XTZ with ledger in one place using our simple delegation tool.</p><p>As of today, we provide validation services for 15 networks including testnets and <strong><strong>plan to support more groundbreaking projects</strong></strong> that have competitive advantages and a clear go-to market strategy. The process of making decisions about joining a network is complex as our resources and ability to add sufficient value are limited. As part of this, we are closely watching the development of <a href="https://dfinity.org/?ref=p2p.org">Dfinity</a>, <a href="https://www.nucypher.com/?ref=p2p.org">NuCypher</a>, <a href="https://test.ton.org/tblkch.pdf?ref=p2p.org">Telegram Open Network</a>, <a href="https://polkadot.network/?ref=p2p.org">Polkadot Network</a>, and projects emerging in the Cosmos ecosystem.</p><h1 id="our-achievements"><strong>Our achievements</strong></h1><p>We started as a small bakery in Tezos with only $2m value delegated with us, most of it our own funds. Today over $35m is locked in staking through our infrastructure across 15 blockchains and more than 700 delegators use our services trusting our expertise.</p><p><strong><strong>We paid out over $700k rewards</strong></strong> to our delegators making each transaction transparent and available in our multi-asset dashboard.</p><p>For our Tezos delegators we <strong><strong>insured all payouts</strong></strong> with <a href="https://baking-bad.org/?ref=p2p.org">Baking Bad</a> and have shortened the time before the first payout by 40% eliminating the 5 cycle freeze for rewards. In addition, we achieved <strong><strong>stable AAA+ rating</strong></strong> on MyTezosBaker with <strong><strong>over 100% baking efficiency</strong></strong> according to <a href="https://www.tezos-nodes.com/?ref=p2p.org">TezosNodes</a> reaching the <strong><strong>top 5 Tezos validators</strong></strong> by staking balance. We are proud to be such a robust staking partner and we will continue to do our best to remain so and improve further.</p><p>Overall, the uptime of our nodes across all networks is 99,98%. This is a good measurement of our availability and the robustness of our setup.</p><p><strong><strong>We haven't experienced any downtime or double-sign slashing</strong></strong> even in the case of a Google Cloud provider crash as we had set <strong><strong>best class monitoring and alert systems</strong></strong> working for the convenience of our delegators 24/7.</p><p>To contribute to building the community we conducted the first meetup related to Cosmos network in Moscow. We co-organized the First Tezos Moscow meetup supported by <a href="https://tezoscommons.org/?ref=p2p.org">Tezos Commons</a>. If you missed it you can watch a <a href="https://www.youtube.com/channel/UC4O5M30Exrg1abhacOJKUVw?ref=p2p.org">recording</a> with English subtitles.</p><p>We were one of the winners of Cosmos Game Of Stakes and participated in incentivized testnets of IRIS Network, Terra Money, DAO BET, Cyberway, Kava, Kusama Network since the beginning providing validation services <strong><strong>on mainnet since the first day</strong></strong>.</p><h1 id="7-reasons-to-add-p2p-validator-to-your-favorites-list"><strong>7 reasons to add P2P Validator to your favorites list</strong></h1><p>Here are some perks and useful components of our services:</p><ol><li>Simple Non-Custodial Staking with Ledger</li><li>We have been investing since 2014 and always put our own skin in the game</li><li>Secure infrastructure with 24/7 monitoring and alert systems</li><li>Special conditions starting from $500k</li><li>Multi-asset dashboard to track staking portfolio in one place</li><li>Community education and development</li><li>Friendly and expert support</li></ol><h1 id="final-words"><strong>Final words</strong></h1><p>We want to thank all the teams around the globe who have worked hard this year to build such outstanding innovative projects bringing a decentralized future one step closer. It's an honor to be a part of such an open-minded community of professional validators and active contributors. We will continue to act positively influencing the ecosystem by increasing decentralization across various networks, educating people around the world and providing reliable staking services accessible to everyone.</p><p>P2P Validator team wish everyone amazing holidays and a happy New Year. It was an eventful year but definitely a fundamental one for the further achievements.</p><hr><p><em><em>What do you think we should improve or implement in 2020? Leave us a comment. If you have any questions we are always at your service.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> is a Secure Non-Custodial Staking. Stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=P2P2019&utm_medium=creds_link&utm_campaign=blog"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></p>