At P2P.org, we take blockchain security seriously.
Blockchain security is a top priority for validators, especially with the expansion of Polkadot's active validator set. Validators are vital in securing the network by participating in block production and finalization processes. However, some validators bypass GRANDPA participation to reduce operational costs, jeopardizing network stability and security.
Active block production and finalization participation are crucial for maintaining Polkadot and Kusama's network integrity. Validators who avoid GRANDPA undermine network performance, potentially leading to slower finalization and reduced reliability. To mitigate these risks, token holders should carefully evaluate validators based on their commitment to security, uptime, risk management, and compliance with industry standards.
P2P.org offers tools like the Relay Participation Rate dashboard to monitor validator engagement, helping stakeholders make informed decisions. By delegating stakes to validators prioritizing network health and security, token holders can contribute to a more resilient and trustworthy blockchain ecosystem.
With the recent referendum aiming to expand the active validator set to 400, the focus has intensified on the critical role validators play in securing the Polkadot network—especially through their participation in finalizing blocks. Validator engagement in the consensus process is essential for maintaining the integrity of the ecosystem, and upholding high operational standards has never been more crucial.
In Polkadot, block production begins with the Blind Assignment for Blockchain Extension (BABE) protocol. BABE randomly assigns validators to produce blocks in slots approximately every six seconds. Validators participate in this random lottery for each slot, producing a block if selected. Notably, a backup validator is also assigned in case the primary validator fails to produce a block.
Once a block is created, it needs to be finalized by other network participants—precisely, the validators—through the GRANDPA (GHOST-based Recursive ANcestor Deriving Prefix Agreement) finality gadget. GRANDPA operates in parallel with block production as an independent process. Validators engage in consecutive rounds of voting to finalize blocks, and once two-thirds of the validators have voted in favor, the block is considered final.
While validators cannot influence the BABE step due to its randomness, they are incentivized to participate in block production because they receive rewards for creating blocks. However, the same incentive structure does not apply to GRANDPA participation. This lack of direct monetary reward can tempt some validators to disable their participation in GRANDPA by running their nodes with the --no-grandpa
flag, potentially reducing operational costs at the expense of network security.
Skipping finalization might lower operational expenses—such as bandwidth consumption and node maintenance—but it introduces significant risks to the network. Without robust participation in GRANDPA, the network may experience delays in finalizing blocks, adversely affecting performance and reliability. The ecosystem's security is intrinsically linked to the consistency and reliability of validators in the finalization process.
Moreover, validators who avoid participating in GRANDPA place additional burdens on those who maintain high operational standards. These standards are often achieved through rigorous internal monitoring, adherence to compliance frameworks, and dedicated infrastructure management. Validators committed to these practices ensure consistent uptime and mitigate risks such as slashing, thereby contributing to a more secure and resilient network.
Our public dashboard, Relay Participation Rate (accessible via Telegram authentication), offers an overview of validator participation in the finalization process across Polkadot and Kusama. This tool is part of our Monitoring as a Service (MaaS) project, designed to provide validator operators in Substrate-based networks with transparency and monitoring capabilities. To access the dashboard, login with your Telegram account, navigate to the "General" section in the upper left-hand corner, and select "Relay Participation Rate."
The dashboard features three types of charts:
The top table provides a current snapshot of validators and their participation ratios in the consensus process. While the Polkadot network currently shows no validators with 0% precommits (finality stage), several validators exhibit low engagement. This could signal infrastructure issues or deliberate decisions to minimize costs at the expense of network security.
On Kusama, the situation is more concerning. As of September 11, 20 validators displayed 0% participation in both prevotes and precommits, raising questions about their reliability and commitment to network security. Such inconsistent participation—whether due to inadequate infrastructure or intentional non-participation—can undermine the overall stability of the ecosystem.
A decline in validator participation poses a risk of slower finalization times, which can have cascading effects on both the Polkadot and Kusama ecosystems. Maintaining at least two-thirds participation is essential for the network's smooth functioning. If a significant number of validators continue to prioritize cost-cutting over participation in finalization, the network's reputation and its ability to attract further development may be jeopardized.
It's important to note that GRANDPA's non-participation is neither financially rewarding nor subject to slashing penalties. This lack of immediate consequences provides little motivation for validators to engage in the finalization process, highlighting the need for token holders to be vigilant in their choice of validators.
Given these potential risks, it's imperative for token holders to thoroughly evaluate validators before delegating their stakes. Key factors to consider include:
Delegating to validators prioritizing network health through consistent participation and reliability strengthens the Polkadot and Kusama ecosystems. Validators that uphold high-performance standards and implement comprehensive security measures—such as internal compliance audits, uptime guarantees, and slashing protection—offer a more robust and secure environment for stakers.
By choosing validators committed to the network's long-term health and security, token holders can contribute to a more resilient and trustworthy blockchain ecosystem.
Do not hesitate to ask questions in our Telegram chat or contact Alex via [email protected]. We are always open to communication.
Web: https://p2p.org
Stake DOT with us: https://p2p.org/networks/polkadot
Twitter: @p2pvalidator
Telegram: https://t.me/P2Pstaking
<p><strong>Babylon Staking Cap 3 opens on December 10, 2024. Staking runs from block 874088 and will last for 1,000 blocks</strong> (approximately 7 days) with a limit of 0.005 - 5,000 BTC per transaction.<br><br><a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.org</a> is excited about the next Cap, so we’ve prepared a guide to help you stake BTC with <a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.org</a> using the Babylon Bitcoin Staking Protocol.</p><p></p><p>This guide will discuss how to stake BTC on Babylon’s official dashboard.</p><p></p><h2 id="step-1-visit-the-official-babylon-staking-dashboard">Step 1. Visit the official Babylon Staking Dashboard </h2><p>If you want to stake your BTC, you need to visit Babylon’s official staking dashboard, where you can do so non-custodially.</p><p></p><p><a href="https://btcstaking.babylonlabs.io/?ref=p2p.org"><u>https://btcstaking.babylonlabs.io</u></a> </p><p></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXesXdAAfrLoW2Js6ESyX75LK4bFXRg2dk5bQ2HCb4JwEwDxNi-pSFjO8_FWaGiy_vANwo1poz-GZo-bXp6EjdarDPdEDuObPzD-7zSDDgEbwQXBdiOeaa7oxHKLVgUDOHV_b9sxS9PHBa49g7qk7O7bKRw?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="869"></figure><p></p><h2 id="step-2-connect-your-btc-wallet">Step 2. Connect your BTC wallet:</h2><p></p><p>Babylon’s official dApp currently supports Bitcoin wallets such as OKX, <strong>OneKey, Bitget, Tomo, and Keystone wallet via QR code</strong></p><p><br></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJjJWfwD-gcEWu4_4kO9jWNbCsSGaueMl3pXJ-NWY55Nun-ka6q48KltTKPho04QoiZfFHL-tt6WqtCDq0StjTXMkAe-nrH_IlFI6i_U0olEbpqVfgPHHJomch1wuZsW1W8ZdQgmMwrr8B-CfOHil9dCY?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="986"></figure><p>It’s important to note that you should comply with two of Babylon’s requirements:</p><ol><li>Do not connect wallets with Bitcoin inscriptions within</li><li>Do not connect any hardware wallets except Keystone.</li></ol><p></p><h2 id="step-3-choose-p2p-as-your-finality-provider">Step 3. Choose P2P as your Finality Provider.</h2><p>We’ll be your security provider, ensuring the safety of your stake.</p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMnpEqqDAoHeE0WUeJqHB6uP1IvWsQk6BOkQJkSZckmlzdFCniZdSoQ3XyDA-H9vqWxV2w6mgdJD9LPYjqwZ7-nYM7Q-PsNaonzLPPNSZ8yAjzLSoZnQ7uiDcvxwAZkxmqGtzL5PzMPOkrGClgqk-fq6a-?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="952"></figure><p></p><h2 id="step-4-enter-the-amount-of-btc-you-want-to-stake-and-sign-the-transaction">Step 4. Enter the amount of BTC you want to stake and sign the transaction.</h2><p></p><p>The amount of BTC you can stake in Cap 2 ranges from 0.005 to 500 BTC per transaction. Remember that you must pay a fee for the Bitcoin network when making a staking transaction.</p><p></p><figure class="kg-card kg-image-card"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoP4NPrBnFUuRNEArlmv4Hb6m7N8wXx_dVqFJMso7K3FXF6pO8_3gAlrca5gQqF5LMzb_vsEbSgVcp0MHb9uvcwtdpZcOssiANI-7Ulv7QuToBCBkNhRT9nCkS-c5mLHhRHBeXoU9RBZ-duJZ_FyY73TGv?key=i_-cA8z_n_5DgrJrcVpUQA" class="kg-image" alt loading="lazy" width="1600" height="857"></figure><p></p><h2 id="how-to-unstake-your-btc">How to unstake your BTC</h2><p>You can unstake your BTC using the same application. To do that, you need to sign two transactions:</p><p></p><ol><li>Sign an unbonding transaction, which will unstake your BTC after the 7-day period (1008 Bitcoin blocks).</li><li>Sign a withdrawal transaction to unlock your BTC finally.</li></ol><p></p><p>If you do not unstake your BTC, the stake will automatically be unstaked after 65 weeks (64,000 Bitcoin blocks).</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Babylon Chain activities since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alik via <a href="mailto:[email protected]" rel="noreferrer">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
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<p>At P2P Validator, we've always supported the Polkadot network, offering top-notch validation services. Our tools help nominators manage their staking easily and stay informed about their returns. We're proud to contribute to the Polkadot ecosystem, including our <a href="https://maas.p2p.org/?ref=p2p.org">Monitoring as a Service</a>, which allows validator operators to track performance metrics and maintain high service standards.</p><p>As Polkadot grows, so do the challenges of maintaining it. We're revising our commission rates to keep delivering the reliable and high-quality service you expect.</p><p><strong>Upcoming Commission Rates from October 10, 2024:</strong></p><ul><li><strong>Polkadot (DOT)</strong>: Our commission will be adjusted to <strong>5%</strong></li></ul><p>This adjustment allows us to continue improving our services and contributing to the development of the Polkadot network.</p><p>We understand that fee changes can be concerning, but <strong>this decision is necessary to ensure the continued quality and sustainability of our operations.</strong></p><p><strong>What's next for P2P Validator?</strong> The road ahead is filled with promise and challenges alike. With your unwavering support and our combined efforts, we are confident we can accelerate the growth and capabilities of both networks.</p><p>Thank you to all our nominators for your continuous backing and trust. Together, we'll forge ahead toward a brighter, more decentralized future!</p><p>For a deeper dive into what we offer for Polkadot holders, please visit <a href="https://p2p.org/networks/polkadot?ref=p2p.org">https://p2p.org/networks/polkadot</a>.</p><p>Do you have questions or thoughts? Our <a href="https://t.me/P2Pstaking?ref=p2p.org"><strong>Telegram chat</strong></a> is always open for conversations. We prioritize open communication and look forward to hearing from you.</p>
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