P2P.org Blog: Insights, Guides, and News (Page 9)

Polkadot Claim DOT With PolkadotJS

This guide will walk you through the process of claiming DOT tokens. Make sure that you have <a href="https://p2p.org/economy/create-account-in-polkadot-network">created Polkadot account</a>. After successful claim you can <a href="https://p2p.org/economy/polkadot-nomination-guide">start nominating</a>.<h1 id="claim-your-dot">Claim your DOT</h1>After account registration you need to claim your DOT. Go to the <a href="https://polkadot.js.org/apps/?ref=p2p.org#/claims">claim app</a> on Polkadot UI, select your account and press <code>Continue</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-3.png" class="kg-image" alt loading="lazy" width="1882" height="856" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-3.png 1600w, https://p2p.org/economy/content/images/2020/09/1-3.png 1882w" sizes="(min-width: 720px) 720px"></figure>Paste the Ethereum fundraiser address in the field to connect it with Polkadot account and press <code>Continue</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-5.png" class="kg-image" alt loading="lazy" width="1889" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-5.png 1600w, https://p2p.org/economy/content/images/2020/09/2-5.png 1889w" sizes="(min-width: 720px) 720px"></figure>You will need to sign the message in a grey box with the ETH address that has DOT indicator tokens and paste the transaction signature in the empty box below.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-5.png" class="kg-image" alt loading="lazy" width="1888" height="855" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-5.png 1600w, https://p2p.org/economy/content/images/2020/09/3-5.png 1888w" sizes="(min-width: 720px) 720px"></figure>To sign a transaction you can use MyCrypto (MC) or MyEtherWallet (MEW). For increased security, you can run one of the preferred applications on your local computer. Make sure that you have downloaded the latest version for your operating system.In MC go to <code>Sign & Verify Message</code>, in MEW go to <code>Message</code> tab. Copy text from the dotted box in the Polkadot claim app you used at the start and paste it into the empty message box in the MC or MEW and click <code>Sign</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-2.png" class="kg-image" alt loading="lazy" width="1888" height="769" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-2.png 1600w, https://p2p.org/economy/content/images/2020/09/4-2.png 1888w" sizes="(min-width: 720px) 720px"></figure>After that you will get an output. Copy and paste it into the empty box in the Polkadot claim app and press <code>Confirm claim</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-2.png" class="kg-image" alt loading="lazy" width="1911" height="753" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-2.png 1600w, https://p2p.org/economy/content/images/2020/09/5-2.png 1911w" sizes="(min-width: 720px) 720px"></figure>If you have a valid claim you will see a green box with the amount of DOT. Press <code>Claim</code> and then press <code>Submit (no signature)</code> to finish the process. Go to the <code>Account</code> tab and verify that tokens have appeared on the balance of your account.Now you are able to take part in staking and nominate, token transfers are prohibited at the moment.<h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_claim">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Have issues with claiming your DOT? Ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_claim"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_claim">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>

Alex Bondar

from p2p validator

Polkadot Polkadot Nomination Guide

This guide will help you to nominate validators in Polkadot network. Make sure that you have <a href="https://p2p.org/economy/create-account-in-polkadot-network">created account</a> with mainnet address and <a href="https://p2p.org/economy/claim-dot-with-polkadotjs">claimed DOT</a> tokens.<h1 id="nominate-validators">Nominate validators</h1><ol><li>Visit the<a href="https://polkadot.js.org/apps?ref=p2p.org"> Polkadot UI</a> and select <code>Staking</code> tab. Choose <code>Account actions</code> in the top menu and press <code>+ Nominator</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/TTNYJu1.png" class="kg-image" alt loading="lazy" width="1917" height="860" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/TTNYJu1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/TTNYJu1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/TTNYJu1.png 1600w, https://p2p.org/economy/content/images/2020/09/TTNYJu1.png 1917w" sizes="(min-width: 720px) 720px"></figure>2. In the modal window choose your stash account and a controller account (in our case they are the same and their names and addresses will match). Put the number of DOT you are willing to bond. This amount should be less than the total amount in your stash to pay tx fees or set a separate controller account for your stash account in future. It is recommended to leave at least 5% not bonded.3. Press <code>next</code> button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/xm1ImvS.png" class="kg-image" alt loading="lazy" width="1916" height="861" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/xm1ImvS.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/xm1ImvS.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/xm1ImvS.png 1600w, https://p2p.org/economy/content/images/2020/09/xm1ImvS.png 1916w" sizes="(min-width: 720px) 720px"></figure>4. At this step you will be able to nominate up to 16 validators. Choose validators from the left box. You can easily find a particular validator by pasting his address in the blank search field.You cannot specify the amount delegated to a particular validator, bonded stake automatically will spread among selected validators by the algorithm after transition to NPoS.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5ijByOs.png" class="kg-image" alt loading="lazy" width="2000" height="1019" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5ijByOs.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5ijByOs.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5ijByOs.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/5ijByOs.png 2400w" sizes="(min-width: 720px) 720px"></figure>5. To nominate P2P Validator pick all <code>P2P.ORG</code> from the left column or simply copy our addresses one by one in the order indicated below and paste them in the search field. Don't press <code>Bond & Nominate</code> button until you add all addresses.You can find an up-to-date list of recommended addresses on <a href="https://p2p.org/polkadot?ref=p2p.org">our website</a>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/RzkWNrT.png" class="kg-image" alt loading="lazy" width="2000" height="1016" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/RzkWNrT.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/RzkWNrT.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/RzkWNrT.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/RzkWNrT.png 2400w" sizes="(min-width: 720px) 720px"></figure>Clear the search field if you used it and repeat that step for all addresses. After adding all addresses clear the search field and check that all addresses are presented in the right column.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/acURVHP.png" class="kg-image" alt loading="lazy" width="2000" height="1017" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/acURVHP.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/acURVHP.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/acURVHP.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/acURVHP.png 2400w" sizes="(min-width: 720px) 720px"></figure>Press <code>Bond & Nominate</code> button and confirm the transaction.6. After that your funds will be locked. They will become available only after unbonding that will last for 28 days after initiating.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/iSJGVno.png" class="kg-image" alt loading="lazy" width="2000" height="1014" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/iSJGVno.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/iSJGVno.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/iSJGVno.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/iSJGVno.png 2400w" sizes="(min-width: 720px) 720px"></figure>7. In the <code>Account actions</code> you will see your bonded account. Your nomination will be in <code>Waiting</code> status until the transition to NPoS. After that system will distribute your stake in an optimal way and you will see that nomination status changed on <code>Active</code> at least for one target and you will receive DOT rewards.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/X9umYEL.png" class="kg-image" alt loading="lazy" width="2000" height="990" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/X9umYEL.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/X9umYEL.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/X9umYEL.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/X9umYEL.png 2400w" sizes="(min-width: 720px) 720px"></figure>To edit your nominations press the button with three dots in <code>Account actions</code> tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/gWO32vj.png" class="kg-image" alt loading="lazy" width="1734" height="864" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/gWO32vj.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/gWO32vj.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/gWO32vj.png 1600w, https://p2p.org/economy/content/images/2020/09/gWO32vj.png 1734w" sizes="(min-width: 720px) 720px"></figure>Choose <code>Set nomenees</code> and simply repeat step #5 .<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/W1bJnmp.png" class="kg-image" alt loading="lazy" width="1734" height="866" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/W1bJnmp.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/W1bJnmp.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/W1bJnmp.png 1600w, https://p2p.org/economy/content/images/2020/09/W1bJnmp.png 1734w" sizes="(min-width: 720px) 720px"></figure><h1 id="about-p2p-validator">About P2P Validator</h1><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<hr>Now you can officially call yourself a nominator. You are fully prepared to earn rewards immediately after the transition to NPoS. Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always open for communication.<hr>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate"> https://p2p.org</a>Stake DOT with us: <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate">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>

Alex Bondar

from p2p validator

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

P2P Validator has been supporting Cosmos network from day one, providing high-quality validation services for ATOM delegators. Our developed products allow delegators to easily manage investments and receive a detailed report on their staking income.We invest in the development of Cosmos network and see the long-term prospects, however, the costs of maintaining the infrastructure and product development are several times higher than the revenues that the validator receives currently. We have decided to return to a commission of 8% in 21 days to remain flexible and provide more sustainable services.<h2 id="what-have-we-done">What have we done?</h2>For more than 5 months of hard work under a reduced fee, we did not stop the development activity in the Cosmos network. Here is a list of the most significant achievements that have been released for the Cosmos ecosystem:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee#dashboard-block">P2P Dashboard</a> for Cosmos users:<ul><li>Track and predict user rewards (more correctly than major explorers, check out our <a href="https://p2p.org/economy/lost-in-cosmos-explorers?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">article</a>)</li><li>Ledger delegation, redelegation, claim of rewards</li><li>Rewards report for all Cosmos Hubs (1,2,3)</li><li>CSV reward report</li></ul><ol><li><a href="https://p2p.org/economy/category/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">9 articles</a> and users guides posted</li><li><a href="https://goz.p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">Visualization of IBC handshakes</a> for the Game of Zones</li><li><a href="https://github.com/p2p-org/relayer/blob/master/docs/commands.md?ref=p2p.org">Documentation</a> and <a href="https://dash-goz.p2p.org/public/dashboards/PxNuUZv6XxsUwETE4iWhLiVEUIOiFlD3GJhPig6P?org_slug=default&ref=p2p.org">dashboards</a> for Game of Zones</li><li><a href="https://defiapi.com/?ref=p2p.org">Affiliate API</a> for Cosmos wallet monetization</li><li>We financially <a href="https://p2p.org/economy/p2p-validator-acquired-corestar-development-team?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">supported Corestar team</a>, who developed Arcade, Tendermint hack with built-in <a href="https://p2p.org/economy/p2p-validator-helps-to-carry-out-random-beacon-for-Cosmos?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">BLS random beacon</a> built on ICF grant</li><li>Ongoing work on public rate-limited GraphQL API for Cosmos applications</li></ol>Product development inside the ecosystem is an essential element not only to support the Cosmos network, but also as a part of the long-term growth of the community and the network value.<h2 id="when-will-the-commission-be-increased">When will the commission be increased?</h2>We will increase the commission by 1% every day, starting from June 12. On June 18, our rate will remain at 8%. There is a lot of work ahead and we believe that joint efforts will accelerate the evolution of Cosmos network.We want to thank all our delegators for their continuous support and being with us! If you stake ATOM with P2P - you contribute to the Cosmos ecosystem.<h2 id="about-p2p-validator">About P2P Validator</h2><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of publishing, P2P Validator is trusted by over 10,000 delegators across 25+ networks.<hr>Want to stake with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.Stake ATOM with us: <a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">https://p2p.org/cosmos</a>Web: <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_fee">https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram chat: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>Telegram announcement: <a href="https://t.me/p2porg?ref=p2p.org">https://t.me/p2porg</a>

Pavel Pavlov

from p2p validator

Cosmos P2P Validator helps to carry out development of Random Beacon for Cosmos

P2P Validator’s team successfully carried out the development of BLS-based Random Beacon to provide Cosmos application-specific blockchains with an unbiased source of entropy. The code is<a href="https://github.com/corestario/tendermint?ref=p2p.org"> open-sourced</a> and available for further exploration by the community. This implementation of Random Beacon opens new possibilities for projects that require truly unpredictable randomness in their decentralized products.Our team will continue to develop features that can bring more users and add more value to the Cosmos ecosystem. If you want to support our initiatives the best way is to<a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_random_beacon"> stake ATOM with us</a>.<h3 id="high-level-overview">High level overview</h3>Random Beacon is a cryptographic primitive that periodically outputs random numbers which are publicly available and verifiable by any party. Random Beacon requires several important properties:<ul><li>Availability (or liveness) — an adversary cannot prevent a random number generation process.</li><li>Unpredictability — an adversary cannot predict the protocol outcome (a random value).</li><li>Bias-resistance — an adversary cannot influence future values to their advantage.</li><li>Public-Verifiability — anyone can verify the protocol’s outcome.</li></ul>In a decentralized environment the ability to generate provably random outputs is critical to protect applications from manipulations and get rid of centralized random number sources. It can also be helpful for data protection as random numbers are used in the generation of cryptographic keys, establishing connections, internal sequences and so on.Randomness can be useful for numerous blockchain applications:<ul><li>gaming, gambling and lotteries (e.g. PoolTogether)</li><li>cryptographic sortition in consensus for leader or quorum selection (e.g. DFINITY, Elrond, ThunderCore, Cardano)</li><li>cryptographic sortition for financial applications (e.g. tBTC-like collateralized bridges)</li><li>elections, sociology and statistics</li><li>advanced cryptography, mixnets and other protocols that require randomness to provide privacy or security</li></ul>Implementation of Tendermint with BLS-based random beacon - Arcade, provides each block with a random number that can be safely used during block processing without changing original Tendermint security assumptions.<h3 id="bls-based-random-beacon-in-tendermint">BLS-based Random Beacon in Tendermint</h3>We wanted our in-built pseudo random number generator (PRNG) to be suitable for applications like games and gambling: that means fast and unbiasable (many random beacons used for consensus are slightly biasable, what's fine for cryptographic sortition but is not suitable for a game like blackjack). Preferably it should be available at every block.<ol><li>Unbiasable</li><li>Small rounds (a few seconds at most)</li><li>Publicly verifiable</li><li>Small receipt (under 10kb)</li><li>Decentralizible</li><li>Safety and liveness similar to original Tendermint</li><li>Sybil resistant</li><li>Censorship resistant</li></ol>The most suitable random beacon to satisfy constraints is a BLS Threshold Signature-Based Beacon, proposed by the DFinity team. To build it we expanded a pre-commit step in the Tendermint consensus.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/kkYo5H6.png" class="kg-image" alt loading="lazy" width="782" height="502" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/kkYo5H6.png 600w, https://p2p.org/economy/content/images/2020/09/kkYo5H6.png 782w" sizes="(min-width: 720px) 720px"></figure>The idea works by expanding a pre-commit step of Tendermint consensus: validators send not only pre-commit but also add partial BLS threshold signatures. This allows every new block to come out with a freshly generated random number.The outlined PRNG is available at every block and suitable for building randomness-dependent applications within the Cosmos ecosystem. We also built a Cosmos SDK adaptation that can interact with the random number in the block, and a reseeding module that is capable of bringing external randomness to deterministic BLS-based PRNG.BLS threshold signatures need a key generation step. We implemented an off-chain distributed key generation based on Pederson distributed key generation (DKG), and an on-chain fallback that provides the ability to both attest and slash in cases when off-chain DKG fails.<h3 id="about-p2p-validator">About P2P Validator</h3><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 10,000 delegators across 25+ networks.<hr>Want to stake with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.Stake ATOM with us: <a href="https://p2p.org/cosmos?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_random_beacon">https://p2p.org/cosmos</a>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 chat: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>Telegram announcement: <a href="https://t.me/p2porg?ref=p2p.org">https://t.me/p2porg</a>

Alex Bondar

from p2p validator

Polkadot Polkadot Brief Overview

Polkadot is a decentralized ecosystem of parallelized blockchains called parachains. They can be used for various cases and are able to communicate seamlessly while parallel transaction processing drastically increases scalability. Polkadot implemented shared security meaning that all parachains share their state and are verified by a single validator's set of a Relay Chain. Separate blockchains can also be linked to the Polkadot ecosystem via bridges.Developers can utilize Substrate, a framework for building parachains, to minimize the effort of constructing their own blockchain and seamlessly join to the Polkadot ecosystem. The network is permissionless and governed by the DOT token holders on-chain in a truly decentralized manner.<h3 id="current-state-and-market-potential">Current state and market potential</h3>Polkadot mainnet is expected to launch by the end of May as a Proof-of-Authority chain with gradual transition to Nominated-Proof-of-Stake.Interoperability is an important component for the evolution of blockchains. The benefit of a single network is limited by its capabilities and design solutions. The ability to interoperate seamlessly and utilize some unique features of each other will bring new use cases across interconnected projects and increase the synergy of cumulative value flow.The closest analogy to Polkadot Relay Chain is Cosmos Hub secured by the ATOM token, which has a market capitalization of more than $500 000 000 on the date of writing. The Polkadot’s concept of shared security can drive additional demand for DOT token resulting in a higher initial token price and market capitalization at launch.<h3 id="token-allocation-and-purpose">Token allocation and purpose</h3>Web3 Foundation raised ~$144 million. The overall DOT token allocation looks as follows:<ul><li>50% of DOT tokens sold via ICO in 2017</li><li>50% remain with the foundation where 20% are reserved for future sales or other ways of distribution to the public and 30% to support the Polkadot ecosystem growth</li></ul>DOT is the native token of the Polkadot Relay Chain the main purpose of which is to host multiple parachains and form the robust validator set to provide shared security making interchain transactions trust-free. DOT holders will be able to influence the future development of Polkadot ecosystem by participating in governance. Another purpose is to select validators who will be the active set by bonding their DOT and nominating. In order to join Polkadot ecosystem, parachains will need to lock a certain amount of DOT and get approval from the community.There is no information available regarding the additional sale before mainnet launch. To acquire tokens you should participate in Kusama as one percent of DOT tokens at genesis are reserved as a reward for Kusama stakeholders and active community. The distribution scheme has not been finalized yet.Otherwise, you should wait for official announcements from Web3 Foundation and listing on exchanges.<h3 id="staking-economics">Staking economics</h3>Polkadot currently uses hybrid consensus algorithm GRANDPA/BABE. Validator nodes verify blocks of Relay Chain and hosted parachains and earn DOT rewards. Polkadot Relay Chain will launch as a Proof-of-Authority chain with smooth transition to NPoS. Staking rewards depend on annual network emission which is a function of staked tokens. The maximum value of 10% annual emission is achieved at 50% of tokens at stake resulting in ~20% APR. If the staked percentage surpasses 50% then network emission will decrease drastically. Holders can nominate validators they believe and trust increasing overall security of the network and earn a share of rewards in proportion to their stake in the validator pool.In Polkadot, due to the fact that validators perform the same job for the network, they have equal chances to produce a block regardless of their stake. Era rewards are distributed among the active validators meaning that with a rising number of active nodes the reward per validator pool will be lower.There is no minimum required to become a nominator but balance must have at least 0.01 DOT and should be sufficient to pay transaction fees. Staking since the beginning of the mainnet will result in higher returns for nominators.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/I3IshhC.png" class="kg-image" alt loading="lazy" width="1368" height="756" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/I3IshhC.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/I3IshhC.png 1000w, https://p2p.org/economy/content/images/2020/09/I3IshhC.png 1368w" sizes="(min-width: 720px) 720px"></figure>*If 50% tokens are nominated and validators have equal stake.<h3 id="slashing-risks">Slashing risks</h3>If a validator misbehaves there are<a href="https://research.web3.foundation/en/latest/polkadot/slashing/amounts.html?ref=p2p.org"> 4 levels of punishment</a> depending on the severity of misconduct.In the case of an isolated downtime, the nominated stake won't be slashed but the validator will be removed from the active set and next election without receiving a reward. If it happens repeatedly or more than 10% of validators go offline simultaneously then the nominations of the offending validator will be lost and a portion of a stake will be slashed.Isolated GRANDPA equivocation occurs if a validator signs two or more votes on different chains in the same round. Isolated BABE equivocation occurs if the validator produces two blocks on the Relay Chain in the same time slot. In both cases the punishment will be more severe.In the case of a validator’s hacks or low level of coordination like simultaneous BABE/GRANDPA equivocation by multiple operators, up to 10% of a stake can be slashed.If validators form large cartels and pose a serious security risk then punishment can be even bigger - up to 100% slashing.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polka_brief">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.<h3 id="useful-polkadot-resources">Useful Polkadot resources</h3>Website: <a href="https://polkadot.network/?ref=p2p.org">https://polkadot.network</a>Github: <a href="https://github.com/paritytech/polkadot/?ref=p2p.org">https://github.com/paritytech/polkadot/</a>List of grantees: <a href="https://wiki.polkadot.network/docs/en/grants?ref=p2p.org">https://wiki.polkadot.network/docs/en/grants</a>Claim DOT tokens: <a href="https://claims.polkadot.network/?ref=p2p.org">https://claims.polkadot.network/</a>Whitepaper: <a href="https://polkadot.network/PolkaDotPaper.pdf?ref=p2p.org">https://polkadot.network/PolkaDotPaper.pdf</a>Litepaper: <a href="https://polkadot.network/Polkadot-lightpaper.pdf?ref=p2p.org">https://polkadot.network/Polkadot-lightpaper.pdf</a>Overview and design considerations: <a href="https://github.com/w3f/research/blob/master/docs/papers/OverviewPaper-V1.pdf?ref=p2p.org">https://github.com/w3f/research/blob/master/docs/papers/OverviewPaper-V1.pdf</a>Blog: <a href="https://polkadot.network/blog/?ref=p2p.org">https://polkadot.network/blog/</a>Forum: <a href="https://forum.web3.foundation/?ref=p2p.org">https://forum.web3.foundation/</a>Projects in Polkadot ecosystem: <a href="http://polkaproject.com/https://www.oasislabs.com/blog?ref=p2p.org">http://polkaproject.com/https://www.oasislabs.com/blog</a>)Mainnet launch explained: <a href="https://www.youtube.com/watch?v=TpcCeo-ZkDY&ref=p2p.org">https://www.youtube.com/watch?v=TpcCeo-ZkDY</a><hr>Want to stake DOT with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polka_brief"> https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Cosmos P2P Validator acquired Corestar development team

We are thrilled to announce that <a href="https://corestar.io/?ref=p2p.org">Corestar</a> team joined P2P Validator to create synergy in the development of decentralized ecosystems.Our team have always been looking for ways to add more value to the projects we believe in. Comprehensive contribution is an important part of our long term vision. All our thoughts are concentrated on actions facilitating the continuous progress of decentralized networks. <a href="https://p2p.org/cosmos?ref=p2p.org">By staking ATOM with us</a> you support our efforts to deliver meaningful results in the long run.P2P Validator provides non-custodial staking including valuable tools for delegators, community building, educational enlightenment and with acquisition of Corestar team we will add solid development activities to the scope of our capabilities.<h3 id="about-corestar">About Corestar</h3><a href="https://corestar.io/?ref=p2p.org">Corestar</a> is a team of dedicated professionals focused on research and development within the Cosmos ecosystem. A lot of effort was concentrated on NFT marketplace over IBC and Corestar got onto the list of <a href="https://blog.cosmos.network/cosmos-hackatom-berlin-recap-4722882e7623?ref=p2p.org">HackAtom Berlin</a> finalists with MVP that grew into the <a href="https://openmarket.one/?ref=p2p.org">Open Market</a> project.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/W3nw23I.png" class="kg-image" alt loading="lazy" width="1839" height="869" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/W3nw23I.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/W3nw23I.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/W3nw23I.png 1600w, https://p2p.org/economy/content/images/2020/09/W3nw23I.png 1839w" sizes="(min-width: 720px) 720px"></figure>In addition, Corestar received an ICF grant to develop <a href="https://github.com/corestario/tendermint?ref=p2p.org">Arcade</a> - Tendermint implementation with built-in random beacon. Arcade will provide application-specific blockchains in the Cosmos ecosystem with a decentralized source of entropy to power various applications like cryptography, games and gambling platforms without changing the security assumptions of Tendermint.We believe that the Corestar team will significantly strengthen our development department and benefit the Cosmos ecosystem.<h3 id="immediate-perspectives">Immediate perspectives</h3>IBC is currently the most important milestone in the success of Cosmos and the launch of incentivized testnet "<a href="https://goz.cosmosnetwork.dev/?ref=p2p.org">Game Of Zones</a>" is near at hand. As an active contributor, P2P Validator will take part in the competition with additional development resources, ready to deliver.We have prepared a <a href="https://goz.p2p.org/?ref=p2p.org">visualization</a> of handshakes between nodes to help participants monitor the current status of connections during the contest.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/HG5ZbBv.png" class="kg-image" alt loading="lazy" width="1893" height="851" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/HG5ZbBv.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/HG5ZbBv.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/HG5ZbBv.png 1600w, https://p2p.org/economy/content/images/2020/09/HG5ZbBv.png 1893w" sizes="(min-width: 720px) 720px"></figure>Proof-of-stake ecosystem is evolving really fast and we are fully prepared to facilitate that growth diving deep into the heart of decentralized technologies.<h3 id="about-p2p-validator">About P2P Validator</h3><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 10,000 delegators across 25+ networks.<hr>Want to stake with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.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 chat: <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a>Telegram announcement: <a href="https://t.me/p2porg?ref=p2p.org">https://t.me/p2porg</a>

Alex Bondar

from p2p validator

Cosmos, Staking, Kava, Terra, Regen Lost in Cosmos explorers...

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, implemented full reward history across all Cosmos Hub versions and opened it for community. Below, I will walk through the topic in detail with examples.<h3 id="transparency-limit">Transparency limit</h3>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?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 our understanding is limited by the events various tools decide to display.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.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.<h3 id="unobvious-events-in-tendermint-blockchains">Unobvious events in Tendermint blockchains</h3>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.<h4 id="example-27-03-2020-">Example (27.03.2020)</h4>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.<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>If we calculate total balances using this transaction data we should get:<ul><li>Received: 484,7076 ATOM</li><li>Delegated: 474 ATOM</li><li>Tx Fees: 0,015 ATOM</li><li>Available: 10,692625 ATOM</li></ul>And here are values from<a href="https://www.mintscan.io/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org"> Mintscan</a>:<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>It is also true for the same address on <a href="https://cosmos.bigdipper.live/account/cosmos1d5lu67hu3lhqtw6zyv7uy4gkfpdtfnzxw0wga8?ref=p2p.org">Forbole</a>:<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>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.In fact, the balance is correct. There are hidden events that trigger reward withdrawal but are not displayed on most explorers. 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.There are five core types of actions delegators usually perform:<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>The first four of them initiate reward withdrawal, which is usually not displayed for the first three actions by most explorers.On P2P Dashboard you can check reward withdrawals related to the same address.<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>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?These rewards also become available, the transition to the new chain triggers withdrawal but the event is also hidden and not obvious to delegators.<h3 id="p2p-dashboard">P2P Dashboard</h3>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. What if you need to prove received reward referring to a particular event that simply does not displayed by any explorer?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.<blockquote>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.</blockquote>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.<hr>Want to stake with us? Alexey will be happy to help. Contact [email protected] to get personal assistance.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.Stake ATOM with us:<a href="https://p2p.org/cosmos?ref=p2p.org"> https://p2p.org/cosmos</a>Web:<a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=cosmos_dashboard_release"> https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Tezos, Staking P2P Launched Dashboard For All Tezos Users

From now, P2P Staking Dashboard expands tracking for all Tezos bakers. You can check received and pending rewards, balances and current delegations across any amount of addresses for any baker in one place.Try it now at <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif" class="kg-image" alt loading="lazy" width="1440" height="616" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif 1000w, https://p2p.org/economy/content/images/2020/09/Connect-with-manual4b1e6e8eea0a0233.gif 1440w" sizes="(min-width: 720px) 720px"></figure>Token holders in the Tezos network are faced with the problem of tracking received and expected rewards from their baker. Often, a user who has delegated his assets does not have the opportunity to check and if the baker delays payment or stops paying at all (as was the case with Flippin Tacos), he loses the reward.All this is even more difficult if you are baking with several bakers or splitting your assets between different addresses.P2P Dashboard gives Tezos users an easy way to track payouts for unlimited addresses for all bakers. By adding one or more addresses to the panel, you can find information about current delegations, balances, and payments.<blockquote>“ In building P2P Validator we have gained a lot of experience and learned about delegators’ needs by communicating with those in the Tezos network. We feel the love from the Tezos community and want to pay something back by solving the problem of tracking Tezos portfolios with multiple addresses. We launched P2P Dashboard and our goal is to make life easier for delegators who have 1 or more Tezos accounts!</blockquote><blockquote>Paul P. - product manager at p2p.org”</blockquote>To start, go to <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a> and click on the Get started button in the right corner. Connect to the panel by manually entering the address or using your Ledger device.Try it now at!<hr>Web: <a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org</a>Stake Tezos with us: <a href="https://p2p.org/tezos?utm_source=blog&utm_medium=economy&utm_campaign=p2p_dashboard_tezos">p2p.org/tezos</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>

Pavel Pavlov

from p2p validator

Economy P2P Validator: looking back, looking forward

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.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.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.In <a href="https://tezos.com/?ref=p2p.org">Tezos</a>, Cosmos Hub and IRIS network we participated in every on-chain governance and there was a great feeling of true collaboration between stakeholders who are really interested in the best possible future for the ecosystem.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.<h1 id="p2p-validator-vision">P2P Validator vision</h1>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>.<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>[^Pic. 1]: Data from stakingrewards.comWe are absolutely confident that the Proof-Of-Stake ecosystem will continue to grow. 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.We will also focus on making staking as simple, secure and attractive as possible. 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.Non-custodial staking allows every user to be in control of their assets eliminating risks associated with third parties and represents the safest way of participating in the ecosystem, especially for big investors. 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.As of today, we provide validation services for 15 networks including testnets and plan to support more groundbreaking projects 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.<h1 id="our-achievements">Our achievements</h1>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.We paid out over $700k rewards to our delegators making each transaction transparent and available in our multi-asset dashboard.For our Tezos delegators we insured all payouts 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 stable AAA+ rating on MyTezosBaker with over 100% baking efficiency according to <a href="https://www.tezos-nodes.com/?ref=p2p.org">TezosNodes</a> reaching the top 5 Tezos validators 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.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.We haven't experienced any downtime or double-sign slashing even in the case of a Google Cloud provider crash as we had set best class monitoring and alert systems working for the convenience of our delegators 24/7.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.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 on mainnet since the first day.<h1 id="7-reasons-to-add-p2p-validator-to-your-favorites-list">7 reasons to add P2P Validator to your favorites list</h1>Here are some perks and useful components of our services:<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">Final words</h1>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.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.<hr>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.<hr>P2P Validator is a Secure Non-Custodial Staking. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?utm_source=P2P2019&utm_medium=creds_link&utm_campaign=blog"> https://p2p.org</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Cosmos How to Redelegate your ATOM with Ledger on p2p.org

Our team have updated the delegation tool using the Ledger device on the Cosmos network so now users can go through the redelegation process.<blockquote>P2P.ORG - offers Secure & Non-Custodial Staking. No operations are possible without your confirmation, we will not request or store your private key or initial phrase.</blockquote>The redelegation process allows you to change which validator you are delegating at any time and free of charge.Use this function to change your validator if you are no longer satisfied with its services or terms. For example, high commission rates, long downtimes that reduce your rewards, or other factors.The whole process of redelegating your ATOM is simple and can be done in a safe way in just a few minutes.To get started just go to <a href="https://p2p.org/cosmos?utm_source=Cosmos_Redelegate&utm_medium=creds_link&utm_campaign=blog">p2p.org/cosmos</a>, click the <code>Stake with Ledger</code> button and select <code>Redelegate</code><h2 id="step-1-plug-in-your-ledger-device-and-open-the-cosmos-app">Step 1. Plug in your Ledger device and open the Cosmos app</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-6.png" class="kg-image" alt loading="lazy" width="1989" height="800" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-6.png 1600w, https://p2p.org/economy/content/images/2020/09/1-6.png 1989w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-2-choose-validator-and-then-the-amount-for-redelegation">Step 2. Choose validator and then the amount for redelegation</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2.jpg" class="kg-image" alt loading="lazy" width="2000" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/2.jpg 2400w" sizes="(min-width: 720px) 720px"></figure>Note about redelegation:<ul><li>You can redelegate a certain amount of ATOMs from one validator to another</li><li>Can only be used if already bonded to a validator</li><li>Redelegation takes effect immediately, there is no waiting period to redelegate</li><li>After a redelegation, no other redelegation can be made from the destination account for the next 3 weeks</li></ul><blockquote>If you have multiple addresses in your Ledger you can switch accounts by changing the "path" and reconnect.</blockquote><h2 id="step-3-confirm-the-transaction-on-your-ledger">Step 3. Confirm the transaction on your Ledger</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3.jpg" class="kg-image" alt loading="lazy" width="2000" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/3.jpg 2400w" sizes="(min-width: 720px) 720px"></figure>After the successful redelegation, you can check all related information and monitor your rewards using P2P Dashboard.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4.jpg" class="kg-image" alt loading="lazy" width="2000" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4.jpg 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/4.jpg 2400w" sizes="(min-width: 720px) 720px"></figure><hr>If you have any questions feel free to contact us. We are always open for communication.<hr>P2P Validator is a Secure Non-Custodial Staking. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?utm_source=Cosmos_Redelegate&utm_medium=creds_link_footer&utm_campaign=blog"> https://p2p.org</a>Stake ATOM with us: <a href="https://p2p.org/cosmos?utm_source=Cosmos_Redelegate&utm_medium=creds_link_footer&utm_campaign=blog">https://p2p.org/cosmos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>

Pavel Pavlov

from p2p validator

Chainlink P2P Validator joins Chainlink network as a node operator

The question of blockchains having trustless connection with external data is significant for the real-world implementation of highly functional smart-contracts in both new and traditional industries. Not only do they require connection to external resources, but the off-chain connection must maintain the same properties of decentralized security currently available on the underlying blockchain. With that in mind, P2P Validator is thrilled to announce the launch of our Chainlink node with the mission of providing smart-contracts with the required data feeds in an increasingly decentralized manner.Decentralized oracles solve smart contract’s lack of connection with external resources without sacrificing trustworthiness. This keeps digital agreements reliable and tamper-proof end-to-end, which is crucial for real-world usage. This vision is in line with our mission to promote the value of blockchain assets and give people access to the emerging data-driven economy.Our developer team has extensive experience in setting up secure infrastructure. P2P Validator maintains high-availability nodes and provides secure staking services for the most groundbreaking projects in the blockchain space. The node infrastructure is under advanced monitoring with 24/7 technical support, backups and alerts.<h3 id="about-chainlink">About Chainlink</h3><a href="https://chain.link/?ref=p2p.org">Chainlink</a> is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to great companies like <a href="https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud?ref=p2p.org">Google</a>, <a href="https://www.forbes.com/sites/darrynpollock/2019/07/30/oracle-building-a-virtuous-cycle-of-innovation-with-start-ups-through-chainlink-and-blockchain/?ref=p2p.org#30d94a3c4ffc">Oracle</a>, <a href="https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms?ref=p2p.org">SWIFT</a>, and many other large enterprises, as well as many of the world's best smart contract projects/teams such as <a href="https://medium.com/web3foundation/web3-foundation-and-chainlink-announce-collaboration-df55ed462a3a?ref=p2p.org">Web3</a>, <a href="https://medium.com/hashgraph/hedera-hashgraph-and-chainlink-collaborate-to-provide-a-decentralized-oracle-network-for-hederas-3d1c77a6bcb9?ref=p2p.org">Hedera</a>, <a href="https://medium.com/reserve-currency/reserve-partners-with-chainlink-to-bolster-the-future-of-decentralized-stablecoins-5d486f37e92b?ref=p2p.org">Reserve</a>, <a href="https://blog.openzeppelin.com/chainlink-partnership/?ref=p2p.org">OpenZeppelin,</a> <a href="https://medium.com/@OpenLawOfficial/openlaw-teams-with-chainlink-to-bring-real-world-info-to-smart-contracts-4e7a3dac80a8?ref=p2p.org">OpenLaw</a>, <a href="https://medium.com/celer-network/celer-chainlink-combining-real-world-information-and-layer-2-scalability-24e5d478a4aa?ref=p2p.org">Celer</a>, <a href="https://blog.synthetix.io/synthetix-and-chainlink/?ref=p2p.org">Synthetix</a>, <a href="https://www.cryptoninjas.net/2019/07/30/zilliqa-smart-contracts-will-utilize-chainlink-decentralized-oracle-network/?ref=p2p.org">Zilliqa</a>, <a href="https://blog.oceanprotocol.com/ocean-protocol-chainlink-integration-e7335f880ea3?ref=p2p.org">OceanProtocol</a>, <a href="https://medium.com/amberdata/smart-contract-oracles-with-amberdata-io-358c2c422d8a?ref=p2p.org">Amberdata</a>, <a href="https://www.forbes.com/sites/sarahhansen/2018/11/08/consensys-kaleido-launches-full-stack-marketplace-platform-for-enterprise-blockchains/?ref=p2p.org#6d849d2ad8ca">Kaleido</a>, <a href="https://medium.com/harmony-one/harmony-to-partner-with-chainlink-for-off-chain-connectivity-fc0372819aca?ref=p2p.org">Harmony</a>, and many more.Learn more by visiting the <a href="https://chain.link/?ref=p2p.org">Chainlink website</a>, <a href="https://twitter.com/chainlink?ref=p2p.org">Twitter</a> or <a href="https://t.me/chainlinkofficial?ref=p2p.org">Telegram</a>. To discover Chainlink use cases read the <a href="https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/?ref=p2p.org">blog post</a>. If you’re a developer, visit the <a href="https://docs.chain.link/?ref=p2p.org">developer documentation</a> or join the technical discussion on <a href="https://discord.gg/FGNyjhF?ref=p2p.org">Discord</a>.<h3 id="about-p2p-validator">About P2P Validator</h3><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with P2P Validator by over 10,000 delegators across 25+ networks.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.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/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Kava How to stake KAVA tokens using kvcli

Staking will be available after a successful launch of Kava blockchain on mainnet. To use this guide you should have an existing account with KAVA tokens and connection to the node.Requirements:<ul><li>Go 1.13+</li><li>Make</li><li>Ubuntu 18.04</li></ul>1) First you have to download Make and Go-Download Make and other packets:<code>sudo apt install build-essential</code>-Download Go:<code>wget https://dl.google.com/go/go1.13.1.linux-amd64.tar.gz</code><code>sudo tar -C /usr/local -xzf go1.13.1.linux-amd64.tar.gz</code><code>mkdir -p ~/go/{bin,src,pkg}</code>For correct work of Go you will need to define environment variablesExecute following commands by rotation:<code>export PATH=$PATH:/usr/local/go/bin</code><code>export GOPATH=$HOME/go</code><code>export GOBIN=$GOPATH/bin</code><code>export PATH=$PATH:$GOBIN</code>For convenience add these strings to the current user profile. In Ubuntu it is: <code>~/.profile</code>. Execute <code>nano ~/.profile</code> and put strings from the previous step in the end of the file:<code>export PATH=$PATH:/usr/local/go/bin</code><code>export GOPATH=$HOME/go</code><code>export GOBIN=$GOPATH/bin</code><code>export PATH=$PATH:$GOBIN</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-8.png" class="kg-image" alt loading="lazy" width="1254" height="678" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-8.png 1000w, https://p2p.org/economy/content/images/2020/09/1-8.png 1254w" sizes="(min-width: 720px) 720px"></figure>After that execute: <code>source ~/.profile</code>2) Build Kava:Go to the folder <code>cd ~/go/src/</code>Execute:<code>git clone https://github.com/kava-labs/kava</code><code>cd kava</code><code>git checkout tags/v0.3.1</code><code>make install</code>If everything went as it should in the folder <code>~/go/bin</code> appeared <code>- kvd</code> and <code>- kvcli</code> packets3) Delegate KAVA tokensIn the following instruction all commands were sent from a network node in testnet and <code>chain id</code> and <code>validator address</code> values on screenshots differ from the mainnet values. The actual values provided below.To make actions further you should have:<ul><li>Kava account</li><li>Active node (if you don't have you can use our node)</li></ul>Make sure that account exists and has a positive balance:<code>kvcli keys list</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-10.png" class="kg-image" alt loading="lazy" width="1259" height="535" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-10.png 1000w, https://p2p.org/economy/content/images/2020/09/2-10.png 1259w" sizes="(min-width: 720px) 720px"></figure><code>kvcli keys show <your_key_name></code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-9.png" class="kg-image" alt loading="lazy" width="1268" height="161" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-9.png 1000w, https://p2p.org/economy/content/images/2020/09/3-9.png 1268w" sizes="(min-width: 720px) 720px"></figure><code>kvcli query account <your_address> --chain-id kava-2</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-6.png" class="kg-image" alt loading="lazy" width="1255" height="563" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-6.png 1000w, https://p2p.org/economy/content/images/2020/09/4-6.png 1255w" sizes="(min-width: 720px) 720px"></figure>For assistance with command parameters you can execute <code>kvcli tx staking delegate --help</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-5.png" class="kg-image" alt loading="lazy" width="1257" height="688" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-5.png 1000w, https://p2p.org/economy/content/images/2020/09/5-5.png 1257w" sizes="(min-width: 720px) 720px"></figure>Important note, delegation amount nominated in uKAVA. For instance, if you want to stake 100 KAVA you should enter 100000000 in the amount field. Read this chapter in full before choosing the command for your case.P2P Validator address: kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdgChain ID: kava-2If you have connection to the node, for delegation execute:<code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg <amount of KAVA you want to stake>ukava --from <address> --chain-id kava-2</code>If you don't have connection to the node you can use ours. Execute:<code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg <amount of KAVA you want to stake>ukava --from <address> --chain-id kava-2 --node tcp://95.216.184.50:26657</code>If you used ledger to generate keys add <code>--ledger</code> in the end of command. Execute:<code>kvcli tx staking delegate kavavaloper12g40q2parn5z9ewh5xpltmayv6y0q3zs6ddmdg <amount of KAVA you want to stake>ukava --from <address> --chain-id kava-2 --node tcp://95.216.184.50:26657 --ledger</code>Below is an example of the output you should get after successful delegation.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-2.png" class="kg-image" alt loading="lazy" width="1294" height="556" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-2.png 1000w, https://p2p.org/economy/content/images/2020/09/6-2.png 1294w" sizes="(min-width: 720px) 720px"></figure>If you have any questions or different operational system contact us at p2p.org or schedule a personal call with our development team to guide you through the whole process.<hr>If you have any questions feel free to contact us. We are always open for communication.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake KAVA with us: <a href="https://p2p.org/kava?ref=p2p.org">https://p2p.org/kava</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/kava_p2p?ref=p2p.org">https://t.me/kava_p2p</a>

Alex Bondar

from p2p validator

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

Tezos ecosystem includes solid tools to monitor network performance and staking rewards. Block explorers represent a major part of the ecosystem transparency and health. Delegators and bakers often rely on such tools before making decisions such as, should I add to my self-bond or which baker to stake with. Diversity of these services provide users with unique experience and allow them to choose one that corresponds to a particular need.Analytical explorers display two types of parameters. The first is derived right from the blockchain data and in most cases they are identical on different analytical tools. Values of these parameters can be slightly different on various explorers because of the network data update frequency. The second type of parameters is calculated using network variables and blockchain data.It may lead to a confusion when the same variable has different values on multiple resources. It can be because of different approaches taken for calculation or using different timeframes. Currently, available staking capacity has different values for the same bakers on various analytical websites. It represents an amount of XTZ that can be staked with a particular baker without making him over-delegated. Delegated tokens above the limit will not contribute to the power of the baker.<h3 id="example">Example</h3>Stats for P2P Validator on various analytical tools for 19.03.2020:Tzstats.io: staking capacity = 14 048 492 XTZ resulting in available staking capacity = 1 971 806 XTZ.MyTezosBaker: available staking capacity = 802 752 XTZ| staking capacity = 12 881 681 XTZ.Tezos Nodes: available staking capacity = 2 007 769 XTZ resulting in staking capacity = 14 079 769 XTZ.Baking Bad: available staking capacity = 1 972 000 XTZ resulting in staking capacity = 14 044 000 XTZ.In some cases, the difference between the values above is significant and cannot be explained by fluctuations of baking rights and endorsements. Who is right?The purpose of this post is to establish a single approach for available staking capacity calculation and eliminate errors and confusion for end users on various analytical resources. Below I share my understanding of the correct approach to calculate this parameter and invite everyone in Tezos community to join the discussion, express your point of view or suggest other ways of thinking about this parameter.<h1 id="security-deposit">Security deposit</h1>In order to create blocks baker should maintain a specific amount of self-bond that is used for security deposit required by the Tezos protocol and subjected to slashing as a measure against misbehavior. Security deposit per created block is equal to 512 XTZ and per endorsement is equal to 64 XTZ. When validator bakes block or endorses, these funds become frozen for a number of preserved cycles defined by the protocol and unfreeze at their end.If we assume that 100% of total supply participate in staking we can calculate the minimum bond requirement for a baker: <code>((block_security_depo + endorsement_security_depo * endorsers_per_block) * blocks_per_cycle * (preserved_cycles+1)) / total_supply</code>Let's split this formula into parts:Part 1: <code>block_security_depo + endorsement_security_depo * endorsers_per_block</code>In this part we calculate the total amount of security deposit per block.Part 2: <code>blocks_per_cycle * (preserved_cycles+1)</code>By multiplying the total security deposit per block by the number of blocks in the cycle and frozen period plus one we get the total amount of XTZ that are frozen for preserved cycles.Part 3: <code>Part 1 * Part 2 / total_supply</code>Here we finally calculate the security deposit share of the total supply.Let's crunch some numbers:<code>block_security_depo = 512 XTZ</code><code>endorsement_security_depo = 64 XTZ</code><code>endorsers_per_block = 32</code><code>blocks_per_cycle = 4096</code><code>preserved_cycles = 5</code>All these parameters are derived from a Tezos protocol and represent constant values until community decides to propose changes via governance procedure. The only dynamic parameter is <code>total_supply</code> which is equal ~ 829,34 million XTZ (19.03.2020).The actual self-bond requirement is floating as baking frequency and endorsement rights are changing but for this case we will not take possible baking deviations into consideration.The whole calculation of minimum self-bond requirement if 100% tokens at stake look like: <code>((512 + 64 * 32) * 4096 * (5+1)) / 829 340 996 = 7,59%</code>.With a decrease of total supply percentage at stake, minimum self-bond requirement will increase as overall share of frozen XTZ in a security deposit related to the participating tokens will be higher.To calculate the exact self-bond requirement we can simply put the exact number of tokens at stake instead of <code>total_supply</code> or divide the result of previous calculation, made for 100% staked tokens, by the actual percentage of staked XTZ. It will result in ~9,64% of actual self-bond requirement for a baker.The only caveat here is that <code>total_supply</code> is growing over time while security deposits remain the same. In the long run it will result in lower self-bond requirement as well as the network security.<h1 id="available-staking-capacity">Available staking capacity</h1>After finding the exact self-bond requirement we can answer two questions:1) Does a particular baker maintain sufficient self-bond?2) How many XTZ a particular baker can accept before it becomes over-delegated?To answer the first question we should find a self-bond share in the total staking balance.<code>staking_balance = self_bond + delegated_balance</code><code>self_bond / staking_balance * 100 = X%</code>.If <code>X > actual_self_bond_req</code> then baker has enough self-bond and won't miss baking or endorsement slots.The answer to the second question is available staking capacity. To find this value we should substract staking balance from the maximum balance.<code>max_balance = self_bond / actual_self_bond_req</code><code>available_staking_capacity = max_balance - staking_balance</code>To make calculation of available capacity even more precise you can adjust <code>self_bond</code> by <code>frozen_fees</code> + <code>frozen_rewards</code> as they do not take part in security deposits and use actual rolls of a baker to get the actual <code>staking_balance</code>.Using formulas from above we get <code>available staking capacity of P2P Validator ~ 1 997 663 XTZ</code> (19.03.2020).Seems like <a href="https://baking-bad.org/?ref=p2p.org">Baking Bad</a>, <a href="https://tzstats.com/tz1P2Po7YM526ughEsRbY4oR9zaUPDZjxFrb?ref=p2p.org">Tzstats</a> and <a href="https://www.tezos-nodes.com/?ref=p2p.org">Tezos Nodes</a> are quite aligned with the value and use similar approach for calculation of a baker free space.Now you have all the necessary information to check by yourself if the self-bond is sufficient enough to bake and what is the available staking capacity of a baker. In addition, we have created a <a href="https://docs.google.com/spreadsheets/d/1ZxRBHETPixxeYAG0efJbXsKeiIHPq1nGWJ2ZazND2a8/edit?ref=p2p.org#gid=1765745933">spreadsheet with prepared calculations</a> for simplicity. We also improved a calculation for self-bond and staking balance of a baker to make available capacity value even more precise.<hr>Special thanks to Baking Bad and StakeNow for paying attention to the article and facilitating valuable discussions.<hr>P2P Validator provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/economy/p2p.org/tezos">p2p.org/tezos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Cyberway Cyberway delegation guide

To participate in Cyberway economy you need to purchase CYBER tokens on kuna.io exchange. To become a delegator you can stake using <a href="https://cyberway.gitbook.io/en/validators/stake_usage_guide?ref=p2p.org">cleos</a> or transfer tokens to your golos.io account and delegate from there.Create an account on golos.ioVisit golos.io web page<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="1600" height="369" 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 1600w" sizes="(min-width: 720px) 720px"></figure>Press <code>sign up</code> and complete all the required fields<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-11.png" class="kg-image" alt loading="lazy" width="400" height="480"></figure>After filling in the verification code you will get a pdf file with all the information related to your account. Save it in a secure place.Send CYBER tokens to your accountPress <code>three-dot</code> button on the top right side of the screen<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="1600" height="369" 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/2020/09/3-10.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Choose a <code>setting</code> tab<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-7.png" class="kg-image" alt loading="lazy" width="1600" height="498" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-7.png 1000w, https://p2p.org/economy/content/images/2020/09/4-7.png 1600w" sizes="(min-width: 720px) 720px"></figure>Here navigate to the <code>account</code> button<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="1600" height="575" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-6.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-6.PNG 1000w, https://p2p.org/economy/content/images/2020/09/5-6.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Here you will see your user ID. It is also written down in a PDF file that you will have received after registration. Put this address as a destination point for sending CYBER tokens from an exchange<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="1600" height="578" 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/2020/09/6-3.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>You will be able to check your balance in a wallet tab, see if a transaction was successful and funds have been received<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="1600" height="547" 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/2020/09/7-2.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Delegate CYBER tokens to a validatorTo delegate your stake to a validator you will need to convert your CYBER into a STAKE CYBER. Press <code>convert</code>.<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="1600" height="491" 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/2020/09/8-2.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>You will see a conversion window where you should select CYBER<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-2.png" class="kg-image" alt loading="lazy" width="500" height="464"></figure>Fill the desired amount to bond and press <code>convert</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-1.png" class="kg-image" alt loading="lazy" width="500" height="357"></figure>After that you will see the converted amount of tokens in your wallet.<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="1600" height="543" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11-1.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/11-1.PNG 1000w, https://p2p.org/economy/content/images/2020/09/11-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Now you can choose a validator. Press <code>three-dot</code> button on the top right side of the screen and go to the <code>validators</code> tab.<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="1600" height="498" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12-1.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/12-1.PNG 1000w, https://p2p.org/economy/content/images/2020/09/12-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>On the list find <code>@creator</code> and press the upward arrow beside the name (in the same row)<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="1600" height="548" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13-1.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/13-1.PNG 1000w, https://p2p.org/economy/content/images/2020/09/13-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>In a dialog window fill the amount of tokens you wish to delegate and press <code>transfer</code><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/14.PNG" class="kg-image" alt loading="lazy" width="914" height="518" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/14.PNG 600w, https://p2p.org/economy/content/images/2020/09/14.PNG 914w" sizes="(min-width: 720px) 720px"></figure>You will see the delegated amount beside the name of your chosen validator<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/15.PNG" class="kg-image" alt loading="lazy" width="1600" height="555" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/15.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/15.PNG 1000w, https://p2p.org/economy/content/images/2020/09/15.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Congratulations! You have finished the delegation process. You will receive your staking reward each <code>3499 blocks</code> (~3 hours).<hr>If you have any questions feel free to contact our team. We are always open for communication.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.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/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

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

iGaming industry is growing really fast. Size of the online gambling market is anticipated to almost double and will reach <a href="https://www.prnewswire.com/news-releases/global-online-gambling-market-size-worth-usd-73-45-billion-by-2024-hexa-research-869794438.html?ref=p2p.org">73</a> - <a href="https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/?ref=p2p.org">94</a> billion USD in 2024. Traditional solutions offer high level of user experience but still lack transparency and fairness. These limitations can be resolved with blockchain technology which properties as immutability and openness become a perfect fit for trustless gambling.<a href="https://daobet.org/?ref=p2p.org">DAOBet</a> is a game changer for iGaming industry and one of the best existing production ready solutions on the market. It is a blockchain infrastructure for online gambling that is based on a EOS codebase with some <a href="https://daobet.org/blog/why-did-we-choose-eos/?ref=p2p.org">notable improvements</a>, developing especially for online gaming industry.It uses Proof-Of-Stake to secure the network and allows lower latency and higher throughput with a registered peak of 12 000 transactions in one second. Every user may also own a share of the network earning rewards by staking BET tokens.<h1 id="current-state-of-the-project">Current state of the project</h1>DAOBet includes necessary features to provide solid user experience eliminating the need to trust a centralized game provider.<ul><li>Fast transaction speed at low cost</li><li>Network decentralization provided by 100 independent validators</li><li>Deterministic finality, approved transaction cannot be reverted</li><li>True fairness proven by <a href="https://daobet.org/blog/dao-casino-awarded-certificate-of-integrity-by-gli-for-signidice-rng/?ref=p2p.org">certified random number generator</a></li><li>WebAssembly virtual machine compatible with EOS</li></ul>The <a href="https://daovalidator.com/?ref=p2p.org">Game Of Stake</a> incentivized testnet is in full swing right now and will last due October 10, 2019. It is an important event to test network conditions and prepare for mainnet launch that is planned in the end of Q3, 2019.We are glad to be a DAOBet validator and share the vision of fair and comfortable gaming experience without the need to rely on a centralized entity.<hr>If you have any questions feel free to contact our team. We are always open for communication.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.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/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

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

At <a href="https://p2p.org/?ref=p2p.org">p2p.org</a> we want to build the most simple and secure staking service for our clients. Our delegators prefer to get their rewards faster and we have done it! We are improving the staking experience for all our delegators making P2P Validator a comfortable and robust partner to stake with.<h1 id="first-tezos-payout-40-faster">First Tezos payout 40% faster</h1>When someone delegates XTZ to a baker, the staked amount begins to generate rewards 7 cycles (1 cycle ~ 3 days) after the cycle the delegation was made. At the end of this period stake earns a portion of the total rewards generated in each of the following cycles. These rewards get frozen for 5 cycles together with the security deposits. If a baker double-bakes or double-endorses these funds get seized from the baker as a punishment measure. In addition, the baker loses all the rewards and fees that were locked together with the security deposits.Each baker decides their reward payout model. To make the staking process easier we will pay rewards that are frozen from our own funds since they are already earned. The first payout will follow after the 7th cycle. All delegators will get their rewards in advance even in cases of slashing.<h3 id="new-delegators">New delegators</h3>Example - you started staking at <code>cycle 154</code>. The user will get their first reward after twelve cycles. Rewards begin accumulating after the 7th cycle. The first reward will follow at <code>cycle 166</code>. However, if you delegate to <a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> you will get your first payout at <code>cycle 161</code>, which is 15 days earlier than originally expected. This method decreases the wait period for the first payout by 40%.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-10.png" class="kg-image" alt loading="lazy" width="1743" height="361" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-10.png 1600w, https://p2p.org/economy/content/images/2020/09/1-10.png 1743w" sizes="(min-width: 720px) 720px"></figure><h3 id="recent-delegators">Recent delegators</h3>On October 1, 2019 our existing delegators will get their rewards that are currently frozen and will continue to receive payouts each following cycle. For example, if you delegated in <code>145 cycle</code>, you will get rewards for two cycles (C152, C153) with two transactions. Each payout will correspond with the reward of the cycle. After that you will get payouts each cycle, so the next reward will be distributed at <code>cycle 155</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-12.png" class="kg-image" alt loading="lazy" width="1639" height="295" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-12.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-12.png 1600w, https://p2p.org/economy/content/images/2020/09/2-12.png 1639w" sizes="(min-width: 720px) 720px"></figure><h3 id="early-delegators">Early delegators</h3>For our early clients who have been with us for more than twelve cycles, these changes will mean that you will receive your frozen rewards immediately. For example, if you delegated at <code>cycle 142</code> under the old payout model you would have received rewards for <code>cycle 149</code> at <code>cycle 154</code>. In our new model, at <code>cycle 154</code> you will receive five payouts for cycles 149, 150, 151, 152, 153 that correspond with the reward of the cycle. After that cycle you will continue to receive rewards each following cycle without further delays or shortfalls. Thank you for delegating with us!<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-11.png" class="kg-image" alt loading="lazy" width="1734" height="275" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-11.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-11.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-11.png 1600w, https://p2p.org/economy/content/images/2020/09/3-11.png 1734w" sizes="(min-width: 720px) 720px"></figure>We have confidence in the resilience of our infrastructure. We take full responsibility for any losses in the event of double-baking/endorsing occurring. In other words, if such an event takes place all delegators will get their rewards as planned and losses will be assumed by our bakery.Safety of rewards for our delegators is our top priority. We insure our payouts with Baking Bad so, if we miss a significant number of blocks or endorsements (in other words if our performance is less than 90%), the corresponding reward will still be paid. We actively manage our self-bond to increase capacity and maintain the highest possible reliability AAA+ rating.We hope such a payout model will add value for our delegators and simplify the understanding of our rewards payout schedule for Tezos.If you have any questions feel free to contact our team. We are always open for communication.<hr>Thanks to <a href="https://sure.baking-bad.org/?ref=p2p.org">Baking Bad</a>, David Telfer and our active delegator John for their help in improving this article.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">https://p2p.org/tezos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Kusama Kusama network delegation guide

If you participated in a Polkadot fundraiser and received your DOT indicator tokens you can claim KSM with your original Ethereum address.This guide is out of date, for actual instruction use <a href="https://p2p.org/economy/polkadot-nomination-guide">Polkadot nomination guide</a> and repeat the same steps for Kusama. To get list of up-to-date addresses for nomination in Kusama visit <a href="https://p2p.org/kusama?ref=p2p.org">p2p.org/kusama</a>)<a href="https://p2p.org/economy/kusama-network-delegation-guide/#create-an-account-on-kusama-network">Create an account on Kusama network</a><a href="https://p2p.org/economy/kusama-network-delegation-guide/#claim-your-ksm">Claim your KSM</a><a href="https://p2p.org/economy/kusama-network-delegation-guide/#nominate-validators">Nominate validators</a><h1 id="create-an-account-on-kusama-network">Create an account on Kusama network</h1>First, you need to create a Kusama account. Visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a>, go to <code>Settings</code> tab and select <code>address prefix</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/prefix.PNG" class="kg-image" alt loading="lazy" width="1600" height="729" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/prefix.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/prefix.PNG 1000w, https://p2p.org/economy/content/images/2020/09/prefix.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>In a dropdown menu select Kusama (canary) and click <code>Save</code>.<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="1600" height="695" 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/2020/09/2-13.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Go to <code>Account</code> tab and press <code>Add account</code> button<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-12.PNG" class="kg-image" alt loading="lazy" width="1600" height="744" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-12.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-12.PNG 1000w, https://p2p.org/economy/content/images/2020/09/3-12.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>Complete all the required fields and save all information in a secure place. For future ease add in the name of the account “stash” to identify it easily in the future or add a tag after creation. You will be able to download and store your encrypted keystore locally.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-8.png" class="kg-image" alt loading="lazy" width="1600" height="743" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-8.png 1000w, https://p2p.org/economy/content/images/2020/09/4-8.png 1600w" sizes="(min-width: 720px) 720px"></figure>Press <code>Save</code> and backup your account<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="1600" height="746" 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/2020/09/5-7.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>For secure staking you will need to have at least two accounts:Stash - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded KSM are locked. After unbonding, users must wait for a time before they can access the locked funds.Controller - a separate account to control and perform commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in KSM to send transactions when actions are taken.Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. After enablement of transactions, it is recommended to create a separate account, send 1 KSM to it and use it as a controller.<h1 id="claim-your-ksm">Claim your KSM</h1>After account registration you need to claim your KSM. Go to the <a href="https://polkadot.js.org/apps/?ref=p2p.org#/claims">claim app</a> on Polkadot UI, select your account and press <code>Continue</code>.<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="1600" height="744" 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/2020/09/6-4.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>To connect Kusama address with Ethereum fundraiser address you will need to sign the message with the ETH address that has DOT indicator tokens and paste the transaction signature in the empty box below.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-3.PNG" class="kg-image" alt loading="lazy" width="1600" height="753" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-3.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-3.PNG 1000w, https://p2p.org/economy/content/images/2020/09/7-3.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>To sign a transaction you can use MyCrypto (MC) or MyEtherWallet (MEW). For increased security, you can run one of the preferred applications on your local computer. Make sure you have downloaded the latest version for your operating system.In MC go to <code>Sign & Verify Message</code>, in MEW go to <code>Message</code> tab. Copy text from the dotted box in the Polkadot claim app you used at the start and paste it into the empty message box in the MC or MEW and click <code>Sign</code>.After that you will get an output. Copy and paste it into the empty box in the Polkadot claim app and press <code>Confirm claim</code>.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-3.png" class="kg-image" alt loading="lazy" width="1600" height="747" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8-3.png 1000w, https://p2p.org/economy/content/images/2020/09/8-3.png 1600w" sizes="(min-width: 720px) 720px"></figure>If you have a valid claim you will see a green box. This means that you are able to take part in staking and governance. Token transfers are prohibited at the moment.<h1 id="nominate-validators">Nominate validators</h1>a) First you need to bond your KSM that are in the stash account.Visit the<a href="https://polkadot.js.org/apps?ref=p2p.org"> Polkadot UI</a> and select <code>Staking</code> tab.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-3.png" class="kg-image" alt loading="lazy" width="1600" height="734" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/9-3.png 1000w, https://p2p.org/economy/content/images/2020/09/9-3.png 1600w" sizes="(min-width: 720px) 720px"></figure>Then choose <code>Account actions</code> tab at the top of the screen<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-2.png" class="kg-image" alt loading="lazy" width="1600" height="734" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/10-2.png 1000w, https://p2p.org/economy/content/images/2020/09/10-2.png 1600w" sizes="(min-width: 720px) 720px"></figure>Press <code>New stake</code> button<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11-2.png" class="kg-image" alt loading="lazy" width="1600" height="724" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/11-2.png 1000w, https://p2p.org/economy/content/images/2020/09/11-2.png 1600w" sizes="(min-width: 720px) 720px"></figure>In the modal window choose your stash account and a controller account (in our case they are the same and their names and addresses will match). Put the number of KSM you are willing to bond.This amount should be less than the total amount in your stash to pay fees or set a separate controller account for your stash account in future.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12-2.png" class="kg-image" alt loading="lazy" width="1600" height="726" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/12-2.png 1000w, https://p2p.org/economy/content/images/2020/09/12-2.png 1600w" sizes="(min-width: 720px) 720px"></figure>b) After your KSM are bonded you will be able to nominate up to 16 validators. Bonded tokens will be automatically delegated to chosen validators in a proportion that will be defined by the algorithm. If you want to delegate a specific number of tokens to a particular validator you have to select only one validator for your stash account. The number of tokens bonded in this stash account will be delegated to this validator.Go to <code>Staking overview</code> tab. In the left-hand column are the initial Proof-of-Authority validators that do not accept nominations. To nominate P2P Validator find us in the right-hand column.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13-2.PNG" class="kg-image" alt loading="lazy" width="1600" height="752" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13-2.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/13-2.PNG 1000w, https://p2p.org/economy/content/images/2020/09/13-2.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>You can find an up-to-date list of recommended addresses on <a href="https://p2p.org/kusama?ref=p2p.org">our website</a>. Copy our addresses one by one:<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/14-1.PNG" class="kg-image" alt loading="lazy" width="1600" height="744" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/14-1.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/14-1.PNG 1000w, https://p2p.org/economy/content/images/2020/09/14-1.PNG 1600w" sizes="(min-width: 720px) 720px"></figure>After that scroll up to <code>Account Actions</code> tab that is above the <code>Staking</code> tab and you will see your bonded account.Press the <code>Nominate</code> button and paste the copied address in the blank field.Sign and submit the transaction.<hr>Hooray, now you can officially call yourself a nominator and are fully prepared to earn rewards immediately after the launch of public network.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake KSM with us: <a href="https://p2p.org/kusama?ref=p2p.org">https://p2p.org/kusama</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>

Alex Bondar

from p2p validator

Tezos Stake Tezos with Ledger on p2p.org

Staking is always comes with some degree of risk. The delegation process in most cases is not a simple one and a possible danger lies in the need to store your tokens with a third party provider in order to improve your staking experience. The fundamental rule is: your keys - your crypto. When you hold your keys you control the risk, when you use third parties in order to simplify the delegation process you transfer the risk to them.One of the most secure ways to become a delegator is to use cold staking from your hardware wallet even if sometimes it is less convenient. Now you can simply hold your Tezos in your Ledger and safely delegate to P2P Validator using a simple staking tool on our website.To get started go to <a href="https://p2p.org/tezos/?ref=p2p.org">p2p.org/tezos</a> and click on “Delegate with Ledger” button.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-4.png" class="kg-image" alt loading="lazy" width="2000" height="741" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-4.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-4.png 2400w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-1-choose-tezos-from-the-list-of-available-networks">Step 1. Choose Tezos from the list of available networks</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-5.png" class="kg-image" alt loading="lazy" width="1368" height="1040" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-5.png 1000w, https://p2p.org/economy/content/images/2021/04/image-5.png 1368w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-2-connect-your-ledger-device-and-navigate-to-tezos-app">Step 2. Connect your Ledger Device and Navigate to Tezos App</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-7.png" class="kg-image" alt loading="lazy" width="1364" height="974" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-7.png 1000w, https://p2p.org/economy/content/images/2021/04/image-7.png 1364w" sizes="(min-width: 720px) 720px"></figure>After a successful connection, you will see your address and available balance for delegation in the opened window.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-6.png" class="kg-image" alt loading="lazy" width="1356" height="1102" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-6.png 1000w, https://p2p.org/economy/content/images/2021/04/image-6.png 1356w" sizes="(min-width: 720px) 720px"></figure><h2 id="step-4-confirm-transaction">Step 4. Confirm Transaction</h2><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-8.png" class="kg-image" alt loading="lazy" width="1372" height="1354" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-8.png 1000w, https://p2p.org/economy/content/images/2021/04/image-8.png 1372w" sizes="(min-width: 720px) 720px"></figure>Some key facts about Tezos (XTZ) staking with P2P:<ul><li>You will get your first reward 40% faster with P2P.</li><li>There is no unstaking period and your tokens will be transferable immediately upon unstaking.</li><li>Staking rewards distributed every cycle (~2,8 days).</li><li>All staking rewards are compounded automatically.</li></ul><hr>If you have any additional questions, please don't hesitate to ask them in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram </a>community and support at <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web: <a href="https://p2p.org/?ref=p2p.org">p2p.org</a>Stake your XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a>Twitter: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a>Telegram: <a href="https://t.me/p2pvalidator?ref=p2p.org">t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Economy, Cosmos, Kava Kava - The first decentralized lending platform in Cosmos

We live in a world of finance. Monetary incentives and market movements influence our daily decisions and define human lives in general. Under capitalism, the financial industry has become global expressing economic relations between people and institutions. Nowadays, existing wealth distribution mechanisms are inefficient and the economic environment is unstable. A lack of trust become inevitable and we are moving into the new era of decentralized finance (DeFi). Borderless, accessible and transparent interactions between participants without counterparties to transform old and inefficient financial instruments is the new paradigm of the trustless economy.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/T8DKKpE-1.png" class="kg-image" alt loading="lazy" width="2000" height="938" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/T8DKKpE-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/T8DKKpE-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/T8DKKpE-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/T8DKKpE-1.png 2400w" sizes="(min-width: 720px) 720px"></figure>Kava is the first decentralized bank in the <a href="https://p2p.org/economy/introduction-to-cosmos-economy">Cosmos ecosystem</a> bridging broad digital assets to DeFi. With interoperability in mind and solid team cross-chain expertise Kava blockchain will bring new markets to the Cosmos ecosystem providing users with the liquidity and the necessary fundamentals for DeFi applications and services.<h1 id="4-de-s-of-kava">4 "De-s" of Kava</h1>1) De-centralized lending solution. Any person can take a loan in a stablecoin collateralized with crypto assets. There is no third party involved and each person is self-responsible for managing debt and lends to himself. This allows people to release a portion of stacked liquidity from passively held digital assets and spend it on whatever they want.2) De-centralized margin trading. When users put crypto collateral to take a loan they can use it for doubling-down their long position in a particular asset. In this case, if the collateral value of the asset increases the user may get a higher profit.3) De-centralized stablecoin. Kava platform provides a mechanism to issue a stable digital currency through collateralized debt position (CDP). Stable digital currency maintains <code>1:1 peg</code> to <code>USD</code> playing role of a hedge against a bear market or a true mean of exchange without explicit volatility. It allows decentralized stablecoin to take part in broader financial applications like decentralized exchanges and financial marketplaces, creating a wide space for DeFi development.4) De-centralized governance and ownership. The most exciting part is that everyone can participate in the project's evolution and own a share of the network. All participants who stake native token <code>KAVA</code> will be rewarded for effective governance depending on transaction fees, total supply emission and repaid loan fees.Cosmos ecosystem is designed with existing assets like <code>BTC</code> or <code>XRP</code> in mind. If we assume that just <code>1%</code> of <code>BTC</code> will take part in DeFi it will result in more than <code>1,5 billion USD</code> value injection also adding to a scarcity of <code>BTC</code> positively influencing the cryptocurrency market in general.<hr>In the next chapters we will dive deeper into details of Kava platform and cover staking benefits, CDP, existing risks associated with staking and other important topics.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.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/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Explain Like I'm Five, Tezos, Staking No loss of rewards, change a baker!

<blockquote>Enjoy a second post in our comic-strip <a href="https://p2p.org/economy/category/Eli5/">style Eli5 series</a> covering loss of rewards, stopping baking and redelegation in Tezos blockchain.</blockquote>Arthur is having dinner with Kate, a colleague from work. They get on very well and talk about a lot of things about themselves. They discover they both have the same opinion about banks - they are crypto-enthusiasts.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>Arthur and Kate share their experiences with PoS tokens. They both love Tezos as an up-and-coming network.Arthur: Who is your delegator? I have been with P2P Validator since 2018. I love their intuitive dashboard - I can see my rewards and rewards history at a glance.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/2-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>Kate: Oh, I really struggle to find out my rewards. My delegator is terrible at keeping me in the loop. I discovered they didn’t pay my rewards on time or in full. It’s a real headache.A: Be carefull, maybe in future they may not pay at all. Why not change? It's really simple.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/3-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>K: Won't I lose my rewards while I’m redelegating?A: No, your rewards from your old baker must be paid to you in full even when you stop baking completely. If you redelegate, your new baker will start to pay your rewards automatically when they are due.K: That sounds great! How do I get started?A: It’s easy, just follow these simple steps:<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/4-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>step 1: Open your wallet and select your delegating accountstep 2: Press Delegate than Update delegate buttonsstep 3: Confirm with Ledger and enter P2P Validator address, finally Confirm once more.K: Do you recommend that I choose P2P Validator?<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-8.png" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-8.png 1000w, https://p2p.org/economy/content/images/2020/09/5-8.png 1280w" sizes="(min-width: 720px) 720px"></figure>A: Absolutely. They are extremely efficient, have a great track record and only charge a fair validator fee.K: You’ve sold them to me. How about coming up for a cup of coffee and help me to do it now.A: This will be the beginning of a beautiful relationship!<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-5.png" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-5.png 1000w, https://p2p.org/economy/content/images/2020/09/6-5.png 1280w" sizes="(min-width: 720px) 720px"></figure>In our next story you will learn about Proof-of-Stake (POS) and staking. Let us know what you think and make suggestions for topics you would like us to cover.Let’s stake together!Website: <a href="https://p2p.org/?utm_source=Tezos1post&utm_medium=creds_link&utm_campaign=blog">p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a>Twitter: <a href="http://twitter.com/p2pvalidator?ref=p2p.org">twitter.com/p2pvalidator</a>Telegram: <a href="http://t.me/p2porg?ref=p2p.org">t.me/p2porg</a>

Alex Michailow

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

Explain Like I'm Five, Tezos, Staking When do I start receiving Tezos rewards?

<blockquote>Enjoy our first light-weight post of <a href="https://p2p.org/economy/category/Eli5/">Eli5 series</a> covering a reward distribution in Tezos blockchain in the form of comic-strip style story.</blockquote>John has some Tezos tokens and wants to receive rewards. He takes them to a baker*, P2P Validator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-1.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-1.jpg 1000w, https://p2p.org/economy/content/images/2020/09/1-1.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>John makes an agreement to delegate his tokens to P2P Validator and becomes a delegator.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-2.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-2.jpg 1000w, https://p2p.org/economy/content/images/2020/09/2-2.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>The tokens remain in John’s wallet, but the staking balance of P2P Validator increases.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-2.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-2.jpg 1000w, https://p2p.org/economy/content/images/2020/09/3-2.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>P2P Validator bakes John’s tokens for 7 cycles (typically 21 days).<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-2.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-2.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-2.jpg 1000w, https://p2p.org/economy/content/images/2020/09/4-2.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>After 7 cycles John can see on P2P Dashboard by how much his tokens have grown.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5.jpg 1000w, https://p2p.org/economy/content/images/2020/09/5.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>It worked! John started getting rewards on his delegator address as soon the 7th cycle was completed (typically 21-23 day). The delegating process continues afresh and compounds automatically, so John’s reward tokens work with his original stake to increase his rewards in the next cycle.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6.jpg 1000w, https://p2p.org/economy/content/images/2020/09/6.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>P2P Validator receives 9.95% validator fee and uses it to pay for:<ul><li>server time & running costs</li><li>building better infrastructure</li><li>24/7 technical support</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7.jpg 1000w, https://p2p.org/economy/content/images/2020/09/7.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>P2P Validator is part of a tezos network, which is a decentralised one. There are many validators (bakers) in the network and each one makes their own decision on what fees to charge. If a fee is too low there is a risk to the baking process. We believe in charging a fair fee for a good service. Choose P2P Validator and get:<ul><li>First reward 40% faster</li><li>Efficiency 101.18%</li><li>Payout accuracity AAA+</li><li>Baking Bad rewards insurance</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8.jpg" class="kg-image" alt loading="lazy" width="1280" height="900" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8.jpg 1000w, https://p2p.org/economy/content/images/2020/09/8.jpg 1280w" sizes="(min-width: 720px) 720px"></figure>In our next story you will learn how to redelegate (change a baker) and how to stop the delegation.Let’s stake together!Website: <a href="https://p2p.org/?utm_source=Tezos1post&utm_medium=creds_link&utm_campaign=blog">p2p.org</a>Stake XTZ with us: <a href="https://p2p.org/tezos?ref=p2p.org">p2p.org/tezos</a>Twitter: <a href="http://twitter.com/p2pvalidator?ref=p2p.org">twitter.com/p2pvalidator</a>Telegram: <a href="http://t.me/p2porg?ref=p2p.org">t.me/p2porg</a>

Pavel Pavlov

from p2p validator

Economy, Cosmos Why we are against raising the number of validators

Currently, 6 validators control more than <code>33%</code> of Cosmos Hub voting power with over 62 000 000 ATOM at stake (>313 000 000 USD). Their <a href="https://medium.com/@hector_89360/cosmos-hub-validators-rich-list-9ed69274e5e?ref=p2p.org">monthly revenues</a> are sustainable and in most cases, are high enough to behave in interests of the Cosmos ecosystem even if they are technically able to collude. Their income is also sufficient to maintain reliable infrastructure, provide high level of security and upgrade their facilities. If we will look at validators from 80 to 100 we may notice that they have around 1 252 370 ATOM at stake (6 261 850 USD). Monthly revenues of a single validator in this group, in most cases, do not exceed 1000 USD. Most likely, it is not enough to provide sustainable improvements, cover running costs, pay salaries to the employees and add value to the ecosystem. If we would broaden validators set and add 25 more, their revenues, probably, would be even less. Their ability to provide secure services in the long term is questionable as well as ability to compete and attract new delegators.Situation with network decentralization will not change vastly, last 20 validators have total voting power less than 0,75%. Taking that into consideration we suggest that additional 25 validators will not add more than 0,5% creating state of the ecosystem where 36% of validators have less than 1,25% of voting power making power distribution even more irrational. This issue should be addressed before raising the threshold to establish fair distribution and define a bottom border of entering the validator's set.These validators will have higher risk of slashing with lower cost increasing economic viability of such a harmful behavior. For example, the cost of double-sign for Polychain Labs is higher than 3 000 000 USD while the average cost of double-sign for validators from 80-100 is close to 15 000 USD. The cost for validator #100 is less than 10 000 USD. This state of the ecosystem may undermine the overall trust of the Cosmos network affecting decentralization even more as delegators would not even consider to stake out of the top ten experiencing frequent slashing events.<h1 id="conclusion">Conclusion</h1>To sum up everything written above, we suggest, that Cosmos Hub is still in the early stage and not mature enough to rise that number as there does not exist strong necessity to do so and outcomes are not clear enough. In our opinion, we should take more time to establish a healthier spirit of competition inside the existing validator's set and see if the smaller validators in the set are able to attract new delegators and provide sustainable services.We understand that raising the threshold may bring new players in and final intentions are positive, but there may exist an opposite direction that has negative implications in the long run. In that case, our suggestion would be to collect more empirical data and increase the threshold based on the results of the first year as we do not need to rush forward. We already saw <a href="https://twitter.com/zmanian/status/1145072296723275776?ref=p2p.org">double-sign slashing</a> and want to decrease the probability of such events being sure that the majority of validators are reliable and sustainable.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake ATOM with us:<a href="https://p2p.org/cosmos?ref=p2p.org"> https://p2p.org/cosmos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Konstantin Lomashuk

from p2p validator

Economy, Terra How Terra prints money without centralized authority

It is not a secret that governments control the money printing press. It is a powerful tool that allows the filling of the economy with liquidity when it is needed. This process usually dilutes share of currency holders and causes an inflation surge, but also may boost spendings and ability of entrepreneurs to borrow cheaper and pay their employees thus resulting in higher employment rates leading to higher tax returns for the government. Wise usage of currency emission allows governments to accumulate rising tax gains and earn interest rate paid on issued money, which are in fact profit from money creation - seigniorage. These gains are used to stimulate fiscal spending and support economic growth.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-11.png" class="kg-image" alt loading="lazy" width="1190" height="724" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-11.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-11.png 1000w, https://p2p.org/economy/content/images/2020/09/1-11.png 1190w" sizes="(min-width: 720px) 720px"></figure>One of the most common uses of money is as a convenient unit of exchange for buying goods and services. To earn some, people can produce goods or provide some useful services, but they do not have an opportunity to earn profit from the emission. This process is monopolized by centralized entities. But, imagine there is an option to participate in a novel currency emission and have rights to get a portion of seigniorage in an algorithmic and decentralized manner?<h1 id="terra-brief-overview">Terra brief overview</h1>Terra project implemented the best practices of government fiscal policy and fulfilled them with solid additions that benefit e-commerce platforms (providers) and users as well. The concept combines features of cheap cross-border transactions in stablecoins and the ability for every user to participate in the growing e-commerce economy pretending on portions of transaction fees and seigniorage profit returning capital back to the people.The core idea of Terra project is to bring on the market a stable family of cryptocurrencies without the necessity to store fiat collateral in the centralized bank and allow parties to transact not worrying about high volatility. This is very important for the crypto community and worldwide adoption. To achieve that goal, Terra developed a complex algorithm of price stabilization, which I will try to explain later.There are three types of stablecoin implementations:<ul><li>Collateralized (fiat or crypto or mixed) each coin is backed by a defined currency at some ratio which covers spikes in demand. This type is the most common one and include such prominent projects as Maker (DAI), TrueUSD or <a href="https://p2p.org/economy/kava-the-first-decentralized-lending-platform-in-cosmos">Kava (USDX)</a></li><li>Algorithmic (utilizes various mechanisms to follow the peg)</li><li>Hybrid (use both features)</li></ul>Family of Terra stablecoins represent the second type and include various coins maintaining the peg to different currencies, like USD, KRW, and EUR. The less volatile stablecoin in that group is pegged to a basket of currencies <a href="https://www.imf.org/external/np/fin/data/rms_sdrv.aspx?ref=p2p.org">SDR IMF</a>. To provide conversions between currencies, the protocol supports atomic swaps at the fair fiat exchange rate. This allows Terra to offer foreign exchanges efficiently and simplify cross-border payments.<h1 id="how-terra-achieves-price-stability-and-benefit-e-commerce-providers-maintaining-stable-reward-growth-for-stakeholders">How Terra achieves price stability and benefit e-commerce providers maintaining stable reward growth for stakeholders</h1>Another important part of Terra project is a staking token LUNA. LUNA may be considered as a decentralized collateral, representing a buffer absorbing volatility. It captures the value of the transaction flow and redistributes it among stakeholders (everyone who stake) creating incentives for them to care about low volatility of stablecoin family. Terra protocol utilizes Tendermint consensus mechanism and another important purpose of staking token is securing the network creating incentives for validators, who play roles of price oracles for inner currency exchanges and broadcast transactions in the network to behave in the interests of the ecosystem and properly provide their services.Without fiat collateral and centralized control over the “printing press” it is not easy to provide price stability and control the total supply as well as inner economics in general. To create the market for the own currency, Terra united an alliance of e-commerce providers in Asia who are interested in using stablecoins as a payment method offering it to their customers. Terra money is issued in a decentralized manner depending on the demand and total market size.For example, if existing supply is not high enough, when transaction volumes grow significantly, demand for stablecoins may also increase. The price of a single unit may rise creating an arbitraging opportunity for the payment network participants who stake LUNA. They can exchange one to another with the inner price, and benefit from its deviations out of the peg. In response, to provide the exchange protocol mints requested amount of currency that can be used to release risk-free profit on the open market returning the peg.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-14.png" class="kg-image" alt loading="lazy" width="1062" height="334" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-14.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-14.png 1000w, https://p2p.org/economy/content/images/2020/09/2-14.png 1062w" sizes="(min-width: 720px) 720px"></figure>When protocol gets tokens in exchange for minting it distribute a part of that provisions to the treasury burning the rest with a <code>burn rate</code> which is defined by the protocol and depends on changes in the macroeconomic variables. This module is playing the role of decentral algorithmic bank regulating a transaction fee rate and weight of seigniorage that goes to stakers.When the economy is in the growth stage, spendings are high. People purchase more goods and services. That results in rising inflation. When inflation surges people cut spendings, slowing them down. It leads to lower profits for companies resulting in the inability to pay their debts or make investments. The economy slows down. To fix it, according to a Keynesian approach, when the economy is rising and families spend a lot, Central Banks should do the opposite to control inflation and be able to step in when the economic cycle is moving closer to a recession. That is exactly the way how the economy is functioning today.Treasury module is doing exactly the same for Terra economy. In periods of growth and rising transaction volumes it increases accumulation of LUNA earned in exchange for minting Terra by decreasing the <code>burn rate</code>. When the economy begins to contract in the cycle of lower transaction volumes Terra protocol facilitates spendings using accumulated funds in the treasury, bootstrapping stable demand and economic growth. Another purpose of these provisions is to provide discounts for usage of Terra stablecoin as a payment. If people prefer to pay that way, it obviously creates additional incentives for e-commerce providers to join the Terra network.The core priority for the success of such a system is to create strong incentives for LUNA staking even in periods of instability. This mechanism works like programmatically determined equalizer, managing LUNA <code>burn rate</code> and <code>transaction fee rate</code> which together represent staking rewards. To provide stable staking reward growth, protocol measure and balance these components depending on the economic variables.<ul><li>When the LUNA <code>burn rate</code> is high it rewards holders as staking power of their assets is rising. To smooth that growth, protocol decreases the <code>transaction fee rate</code>.</li><li>When the LUNA <code>burn rate</code> is low it dilutes holders and staking power is falling. To compensate that, protocol increases the <code>transaction fee rate</code>.</li></ul><h1 id="decentralized-resource-allocation">Decentralized resource allocation</h1>Terra may be applied to various sectors with different decentralized applications (dApps) built on top creating multiple token economies managed by the single programmable module. Treasury funds will be filling from various sources. Growth cycles and inflow changes from one sector will cover a decline in another.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-13.png" class="kg-image" alt loading="lazy" width="1049" height="482" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-13.png 1000w, https://p2p.org/economy/content/images/2020/09/3-13.png 1049w" sizes="(min-width: 720px) 720px"></figure>Capital allocations for dApps development would be managed by the network participants in a decentralized manner via governance. Every LUNA holder may cast a vote taking into consideration actual results of a particular dApp measuring potential benefit. This model creates motivation for dApp providers to investigate new incentive models and offers a unique value proposition competing with others for capital allocation.In existing centralized decision making on fiscal spending, a small group of people decide how resources should be allocated. There is a high probability of corruption schemes or lobbying interested parties. In those cases, resources may not be spent efficiently. Future economic outcomes may suffer, undermining the entire ecosystem.Terra is aimed to become a convenient medium of exchanging programmable money that enables easy foreign currency swaps and cross-border payments bridging traditional economies with advantages of decentralization.An optimal economic resources distribution, a sophisticated stability mechanism, strong network effects and an ability to provide incentives for users is a big step towards mass adoption for digital currency. Now the community can participate in the economy that distributes wealth back to society without the need to trust a limited group of individuals, that may be accumulating lots of money and power, fighting their desire to put some in their own pockets.<hr>I am not an economist or financial adviser, all opinions expressed in this article are my own thoughts on that topic. Special thanks to Do Kwon and Nicholas Platias for their answers and assistance. For deeper dive into the protocol concepts you may visit <a href="https://agora.terra.money/?ref=p2p.org">Agora, Terra research forum</a>.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.<hr>Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake LUNA with us:<a href="https://p2p.org/terra?ref=p2p.org"> https://p2p.org/terra</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

Economy, Cosmos What is your best atom staking strategy?

Previously <a href="https://p2p.org/economy/5-reasons-to-stake-your-atoms">we discussed</a> why staking is important for the ecosystem and how people interested in the network potential can benefit increasing their overall share without suffering from inflation implications. In this short blog post I want to cover some strategies which participants could utilize with their outcomes and possible risks.There are three key options for stakers in existing conditions:<ul><li>Stake and forget</li><li>Stake and use the power of compounding in order to increase a total share of the network</li><li>Stake and save the current network share while withdrawing gains diluted by inflation from other participants who do not stake.</li></ul>In fact each of these options could be supplemented with the idea of diversification amongst various validators to decrease <a href="https://p2p.org/economy/slashing-overview-in-cosmos-network">slashing risk</a>.For simplicity let’s assume that we have two delegators, the first is staking the second one is not. Initial total supply is <code>100 atoms</code> inflation is <code>7%</code>, staking ratio is equal to the target value of <code>67%</code> and considered period of observation is <code>5 years</code>.<h1 id="1-stake-and-forget">1) Stake and forget</h1>This strategy may look convenient at a first glance but such behavior has many disadvantages. Inactive delegator can miss the moment when a node of a validator he bonded to goes offline for a long period resulting in slashing of a stake. Community may decide to change initial network parameters via governance. It may influence overall staking performance and an inactive delegator can miss that. In this case, accumulated rewards do not secure the cosmos hub.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-13.png" class="kg-image" alt loading="lazy" width="758" height="206" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-13.png 600w, https://p2p.org/economy/content/images/2020/09/1-13.png 758w" sizes="(min-width: 720px) 720px"></figure>Network share growth is slowing down as rewards become diluted by inflation and in following years it will become negative. Slashing will affect the whole holdings including rewards.<h1 id="2-stake-and-compound">2) Stake and compound</h1>This strategy is especially effective when inflation is rising and there exists a strong belief in future ability of atom to capture transaction fees flow from validating on different chains, issuing assets and so on. In this case, additional gains from people who do not stake are re-delegated on an annual basis.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-16.png" class="kg-image" alt loading="lazy" width="679" height="205" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-16.png 600w, https://p2p.org/economy/content/images/2020/09/2-16.png 679w"></figure>Staking ratio stays constant so return on staking (RoS) is not changing and network share growth is stable in this example. Obviously rewards of this delegator outperformed the previous one. This strategy also has trade-offs. If a big fish bonded to a single validator or validator itself has a big stake or delegated amount, implementing this approach may lead to high network centralization and power concentration. This will not benefit network participants and would undermine security of the cosmos hub.This scenario is also subject to slashing risk the most. To increase safety of the funds it is highly recommended to diversify stake amongst various validators even if slashing sounds like something unrealistic.<h1 id="3-stake-and-maintain-the-same-share-slightly-releasing-profit-exceeding-standard-inflation">3) Stake and maintain the same share slightly releasing profit exceeding standard inflation</h1>If <code>100%</code> of total atom supply is locked in staking every holder will have equal provisions. In fact, there would be no difference in their network ownership and no one would be diluted. In this case we cannot gain extra atoms and total yield would be zero. Inflation should be considered as a feature that protects ownership of the network from dilution and as a punishment for every holder who does not contribute to the cosmos hub security. Profit from inflation accrues only from those who do not stake. Their network share is redistributed among others and there is always an option to withdraw this addition without ownership reduction.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-15.png" class="kg-image" alt loading="lazy" width="758" height="206" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-15.png 600w, https://p2p.org/economy/content/images/2020/09/3-15.png 758w" sizes="(min-width: 720px) 720px"></figure>This approach is also good as a hedge against slashing in the long run. The more frequently you withdraw and sell rewards the less atoms will be affected. This way of staking is especially effective if inflation and annual RoS are falling and network ownership growth is slowing down. Selling portions of atom provisions may be considered as a hedge against price fluctuations. If atom price is expected to decrease in a particular period released profits could be used to buy back with a better price. If price is expected to rise and future dynamic is uncertain then it could be a great cure against greed and a good way to release profit without taking away the ability to generate revenue in future from assets and losing network ownership.<h1 id="comparison-in-dynamics">Comparison in dynamics</h1>Let’s take <code>15 year</code> period and look at the performance of these strategies in dynamics. Initial atom supply in this example is <code>100 atoms</code>. In the beginning, four delegators have <code>10 atoms</code> each:<ul><li>D1 stake & forget</li><li>D2 stake and compound</li><li>D3 stake and maintain the network ownership selling the rest</li><li>D4 just hold not staking at all Inflation is <code>7%</code> staking ratio constantly rises from <code>57%</code> to <code>77%</code> with a five year stop at <code>67%</code></li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-10.png" class="kg-image" alt loading="lazy" width="938" height="524" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-10.png 600w, https://p2p.org/economy/content/images/2020/09/4-10.png 938w" sizes="(min-width: 720px) 720px"></figure>For that period of time D1 ended with <code>34,82 atoms</code> accumulating <code>24,82 atoms</code> pending withdrawal, D2 ended with <code>98,88 atoms</code>, D3 earned <code>65,07 atoms</code> selling <code>17,32</code> of them during that time maintaining stake of <code>47,75 atoms</code> and D4 left with <code>10 atoms</code> like in the beginning. Overall holdings could be visualized in the following graph.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-10.png" class="kg-image" alt loading="lazy" width="1190" height="600" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-10.png 1000w, https://p2p.org/economy/content/images/2020/09/5-10.png 1190w" sizes="(min-width: 720px) 720px"></figure>On that graph we do not count sold atoms of D3, even so, after some time a delegator who was selling the surplus of atoms would have more holding than one who had just passively staked. If we look at a network ownership dynamics we notice that at the finish D3 maintains higher share even without increasing it. If at the end of the experiment total holdings of each delegator are affected by double-sign slashing (except D4) we see that D2 will lose twice as many as D3.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-6.png" class="kg-image" alt loading="lazy" width="1190" height="600" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-6.png 1000w, https://p2p.org/economy/content/images/2020/09/6-6.png 1190w" sizes="(min-width: 720px) 720px"></figure>In the first half of the period D1 had more atoms than D3 but It is possible to be higher on the graph for this period if D3 will release less profit and re-delegate more atoms in order to slightly increase his share but not as much as D2. For the first year you can re-delegate all provisions and slightly decrease re-delegation percentage for the following years but not breaking the initial ownership. In fact you can mix the option of compounding and partial selling in any variation that suits your expectations.Network share changes differently for delegators. At the end of a period when inflation is decreasing because staking ratio is <code>>67%</code>, D2 experiences the highest decrease in the network share growth while others experience a decrease in their network ownership losses.<figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-4.png" class="kg-image" alt loading="lazy" width="1190" height="600" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-4.png 1000w, https://p2p.org/economy/content/images/2020/09/7-4.png 1190w" sizes="(min-width: 720px) 720px"></figure>Simply speaking, it becomes more reasonable to implement the strategy of D3 when annual RoS is decreasing. If RoS is rising, network share growth rate is also rising boosting total holdings.<h1 id="conclusion">Conclusion</h1>We discussed various options of managing staking balance mostly for educational purposes and deeper understanding of staking process economic variables. Inflation mechanism may drastically change in the near future as it would not be necessary to hold such a high rate of dilution if there were enough economic incentives to stake for participants, and revenues from transaction fees and other options would exceed inflationary rewards providing a stable source of income for validators to maintain their infrastructure and fund operational costs.<hr>P2P Validator offers high-quality staking facilities and provides up to date information for educational purposes. Stay tuned for updates and new blog posts.<hr>Web:<a href="https://p2p.org/?ref=p2p.org"> https://p2p.org</a>Stake ATOMs with us:<a href="https://p2p.org/cosmos?ref=p2p.org"> https://p2p.org/cosmos</a>Twitter:<a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a>Telegram:<a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a>

Alex Bondar

from p2p validator

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