P2P.org Welcomes OKX Wallet Web Extension Integration for Simplified Staking

<p>Firedancer's testnet launch was announced at Solana's Breakpoint conference, marking a significant milestone in Solana's journey toward global adoption. Let's explore its purpose and understand why it is essential to transition towards multiple validation clients, thereby enhancing network security and stability.</p><h2 id="benefits-of-multiple-validation-clients"><strong>Benefits of Multiple Validation Clients</strong></h2><p>Generally, any PoS network would like to have more than one client, and clients must be developed by independent teams using different programming stacks because of security and stability matters. The Proof of Stake (PoS) network will benefit from two separate validation clients. Still, the benefits will increase with more clients and more evenly distributed stake among them.</p><p>You may wonder what number of validation clients are counted as decent for the PoS network, and this is an excellent question. We believe resilience and reliability are the most important things for the Solana ecosystem. From that perspective, the Solana cluster must "survive" the outage of one validation client, which means there should not be more than 33.3% of stake on each validation client because if there is more stake, it will cause a halt of the cluster because of BFT consensus. Thus, the mandatory condition to sustain the outage of one validation client is to have four clients in the cluster with ~25% of a stake each (again, it should not be more than 33.3%). To secure the network, the cluster must have a fairly distributed stake across all available validation clients. It looks like a challenge to achieve this for different reasons.</p><h2 id="solana-validation-client-diversity"><strong>Solana Validation Client Diversity</strong></h2><p>Currently, the Solana ecosystem offers 2 production-ready clients:</p><p>1. Solana labs client (<a href="https://github.com/solana-labs/client?ref=p2p.org">https://github.com/solana-labs/client</a> )</p><p>2. Jito Labs MEV-enabled client (<a href="https://github.com/jito-labs/client?ref=p2p.org">https://github.com/jito-labs/client</a>)</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/firedancer-2-A.jpg" class="kg-image" alt loading="lazy" width="2000" height="1125" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/firedancer-2-A.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/firedancer-2-A.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2023/11/firedancer-2-A.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2023/11/firedancer-2-A.jpg 2400w" sizes="(min-width: 720px) 720px"></figure><p>Although Jito Labs is an independent team, technically, the Solana client built by Jito represents a set of patches applied on top of the vanilla Solana Labs client. Currently, <a href="https://reports.p2p.org/superset/dashboard/jito_client_adoption/?native_filters_key=AcrJWCtZSXOF6QXvAhpOh5FKzgWiav7bjqfwzV8ipRkPiiXMKTAQ58DAKmfRKb7h&ref=p2p.org">42.5% of the stake is working on the Jito client</a>, which already includes two clients and two teams, which undoubtedly increases efficiency. However, both clients will be affected by almost the same set of bugs, including security vulnerabilities of the Rust compiler and Rust dependencies used for building the executable binaries. This situation is undesirable for the Solana ecosystem, which is heading to get its place as a PoS network ready to run world-level enterprise applications!</p><h2 id="introduction-of-firedancer">Introduction of Firedancer</h2><p>A new client for Solana called Firedancer was announced in 2022 and made a splash in Breakpoint 2022 when Firedancer engineering team lead Kevin Bowers from Jump Trading presented Firedancer, working progress, and exciting insights regarding performance optimizations applied in Firedancer. Let’s quickly review the high-level attributes of Firedancer:</p><p>- Written in C language</p><p>- Client development funded and guided by an independent company (Jump Trading/Jump Crypto)</p><p>It must be mentioned that Firedancer is designed to be highly efficient in utilizing hardware at 100% and, as a result, to bump TPS up to 1M (which is frankly insane).</p><p>Considering everything we discussed above, it is fair to say that Firedancer will be the first genuine new client developed from scratch by an independent team. Once it’s released, it secures the network significantly. For example, suppose there is a bug discovered, a security vulnerability, or performance degradation related to the Solana labs client; the validators can agree to move temporarily to the Firedancer client to give time to Solana labs to troubleshoot the problem and provide enough time to make a well-tested patch. Having several validation clients gives more opportunities to provide decent service for end users, so we strive to see Firedancer adoption in the Solana cluster.<br></p><p>*Authors: Anton Yakovlev Lead SRE @ P2P Solana team*<br></p>

<p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is pleased to announce the introduction of its Nomination Pool on the Polkadot network. Polkadot has established itself as a leader in the blockchain industry since 2020, known for its security, decentralization, and energy efficiency. Staking on Polkadot has been challenging, particularly for users without a technical background. Our new nomination pool addresses these issues.</p><h3 id="introducing-nomination-pools-staking-made-simple-and-accessible"><strong>Introducing Nomination Pools: Staking Made Simple and Accessible!</strong></h3><p>Traditionally, staking required substantial DOT holdings and a detailed understanding of validators, making it complex and often inaccessible. Introducing nomination pools is a significant step in Polkadot's development, simplifying the staking process.</p><p>Pool name: <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> nomination pool: 4.5% fee (creator account: 13YA8vMJxR8BjQgRFLMBz7MtL173HUGyU4wjUXK84LJXcDRP and stash account 13UVJyLnbVp8c4FQeiGQNRTXs4HEwemqcVLmuJwTuP2Uekwo)</p><h3 id="why-choose-p2porgs-nomination-pool"><strong>Why Choose P2P.org's Nomination Pool?</strong></h3><ul><li><strong>Low Entry Barrier:</strong> Start staking with a minimum of 1 DOT.</li><li><strong>Effortless Participation:</strong> We handle nomination complexities on your behalf.</li><li><strong>Proportional Rewards:</strong> Receive rewards in proportion to your stake, similar to direct nominations.</li><li><strong>Secure Pool Management:</strong> Our managed pool ensures balanced economic incentives and network security.</li><li><strong>Transparency:</strong> Regular updates and clear visibility on operations and rewards.</li><li><strong>Continuous Support:</strong> Our dedicated support team is available 24/7 for any inquiries.</li><li><strong>Competitive Fee:</strong> Our 4.5% staking fee on <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> validators includes no additional charges.</li></ul><h2 id="how-to-join"><strong>How to Join:</strong></h2><p>Joining the <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> nomination pool is straightforward. Please follow our <a href="https://p2p.org/economy/how-to-join-polkadot-nomination-pool/">instructions</a>.</p><h2 id="key-differences-nomination-pools-vs-direct-nomination"><strong>Key Differences: Nomination Pools vs. Direct Nomination</strong></h2> <!--kg-card-begin: html--> <table> <thead> <tr> <th>Criteria</th> <th>Direct Nomination</th> <th>Joining a Pool</th> </tr> </thead> <tbody> <tr> <td><strong>Minimum Stake</strong></td> <td>Minimum 250 DOT</td> <td>Minimum 1 DOT</td> </tr> <tr> <td><strong>Rewards Management</strong></td> <td>Automatically compounded or sent to any account</td> <td>Rewards can be manually claimed to the pool member's account and be bonded again</td> </tr> <tr> <td><strong>Slashing Risk</strong></td> <td>All active nominators are subjected to slashing</td> <td>All pool members are subjected to slashing</td> </tr> <tr> <td><strong>Bond and Stake Duration</strong></td> <td>Can bond and stake DOT indefinitely</td> <td>Can bond and stake DOT until the pool exists</td> </tr> <tr> <td><strong>Unbonding Period</strong></td> <td>28 days, can switch validators without unbonding</td> <td>28 days, need to unbond before switching to a different pool</td> </tr> <tr> <td><strong>Governance Participation</strong></td> <td>Possible with staked tokens</td> <td>Not possible with staked tokens</td> </tr> <tr> <td><strong>Reward Claiming</strong></td> <td>Rewards payout can be triggered permissionlessly by anyone</td> <td>The pool member must claim the rewards</td> </tr> <tr> <td><strong>Fund Management</strong></td> <td>Bonded funds remain in your account</td> <td>Bonded funds are transferred to a pool account administered by the network protocol</td> </tr> <tr> <td><strong>Validator Management</strong></td> <td>Nominator manages the list of staked validators (up to 16)</td> <td>Nominations managed by the pool operator</td> </tr> </tbody> </table> <!--kg-card-end: html--> <h2 id="join-us-today"><strong>Join Us Today!</strong></h2><p>Secure your DOTs with <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> and be part of the evolving world of Polkadot staking. Join us in securing the network and shaping the future of decentralized finance.</p><h3 id="ledger-guides">Ledger guides</h3><ol><li><a href="https://support.ledger.com/hc/en-us/articles/360018131260?docs=true&ref=p2p.org">Ledger’s guide on staking Polkadot (DOT) thought Ledger Live</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7402653416477-How-to-use-the-Polkadot-Staking-Dashboard?docs=true&ref=p2p.org">Ledger’s guide on using Polkadot Staking dashboard</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/4403056215825-Set-up-and-use-polkadot-js-to-access-your-Ledger-Polkadot-DOT-accounts?docs=true&ref=p2p.org">Ledger’s guide on set up and use polkadot js to access your ledger Polkadot (DOT) accounts</a> and <a href="https://support.ledger.com/hc/en-us/articles/4416512532625-Set-up-and-use-polkadot-js-to-access-your-Ledger-Kusama-KSM-account?docs=true&ref=p2p.org">guide Kusama (KSM) accounts</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">Ledger’s guide on how to join a polkadot nomination pool</a></li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been actively participating in the Polkadot network since the beginning.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>