Jump to content

Leaderboard

Popular Content

Showing content with the highest reputation since 09/29/2019 in all areas

  1. Battle of Nodes “It is not the strongest of the species that survives, but the one that is most adaptable to change” - Charles Darwin In order to make Elrond a sustainable layer that will stand tall in the face of any challenge, we are building antifragility into its core. Right from the first testnet phase we invite everyone to discover what it means to run a node, get rewards, and put the network through a trial by fire so it will emerge stronger. The Battle of Nodes will feature a Testnet-as-a-Battleground environment where test node operators will be rewarded for supporting the network and even more so for trying to break it. Goals of the Event The purpose of this exercise is to: Stress test our sharded proof of stake architecture and its inherent complexities in preparation for launching our mainnet; Prepare our node validators for operating in real conditions that will include unfavorable conditions and adversity; Collect newly discovered bugs, learn about potential attacks and use the findings to further strengthen our network. Reward pool: $50.000 Schedule: Registration: 01 October 2019 - 06 October 2019 Build: 07 October 2019 - 27 October 2019 Challenge: 28 October 2019 - 10 November 2019 Assault: 06 November 2019 - 20 November 2019 Who can join? The event is an opportunity for anyone looking to get an early start to earning in the new distributed economy. You will learn more about decentralized networks and how to leverage their infrastructure to generate income while you sleep. A coffee stained laptop, basic computer skills and a good dose of curiosity will be enough to join, as plenty of support will be offered along the way. The event will reward all those who contribute their time and resources in meaningful ways. We are calling out for tech wizards to find new bugs & smart ways of attacking or protecting the network, wise elders to provide the team & community with their support, content & guidance and for all eager warriors to prove their worth in battle. Together, we will push the Elrond network to its limits and beyond so the mainnet launches not as a newly built castle but as a fortress that has withstood the fiercest of assaults, The Battle of Nodes! Terms of engagement The event will run in consecutive stages that will happen over the course of 2 months. Rewards will be accumulated through every stage and displayed live on the leaderboards. This is a test of endurance for the Elrond network but also for you, so make sure to stay active from start till end to maximize your gains! At the end of the event we will grant special prizes to the top scoring nodes, as well as to participants that have distinguished themselves in notable ways, such as helping others, providing valuable insights, creating relevant content and so on. A guide for earning rewards and scoring details will be published in due time. Register (01 Oct - 06 Oct) - Sign up for the event starting with Tuesday 1st of October by accessing this link. We welcome all submissions until Tuesday the 22nd of October. We will kindly ask you to go through a KYC procedure and agree to necessary terms and conditions. You should: Fill a registration form; Provide KYC documents; Receive confirmation. Start setting up your node Build (07 Oct - 27 Oct) - At this stage, the Battle of Nodes testnet is officially online. Rewards calculation for uptime and missions will start on Monday the 7th of October. Nodes can however join the Battle of Nodes testnet before this date, immediately after the initial announcement. Collecting maximum rewards will only be possible if your node is properly configured and online on the 7th of October. You should: Maintain uptime for your node Send out transactions Run periodic missions Challenge (28 Oct - 10Nov): Stress testing the network begins. We will ask participants to perform various tasks such as sending batches of transactions, accessing smart contracts and some other surprise missions. The primary objective is to observe the performance of the network and its resilience under heavy workload conditions. You should: Send transactions of varying complexity; Ensure high uptime for your node; Help stress the network; Check for new tasks and updates at least once per day Assault (06 Nov - 20 Nov): The battle begins! What goes up must come down. Is this true for the most innovative mix of blockchain technologies? Let’s find out! In this stage, participants will be encouraged to try and slowdown, hijack or crash the network. To maximize your rewards, you should accrue as many rewards as possible, by any means. Keep doing Phase 2 (Challenge) missions as well. You should: Try to attack the network and other nodes; Keep your node running at all costs; Maximize your rewards by any means (within the Rules). Registration for the event starts on Tuesday the 1st of October. Make sure to spread the word - challenge your friends and rivals to compete in the Battle of Nodes for epic rewards in the form of mainnet ERD tokens, everlasting glory etched in unique Elrond non-fungible tokens and above all for ultra-nerd non-stop fun! Thank you, and may the best node runner win! The Elrond Team --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Joining the Battle of Nodes event - cheat sheet! 🕵️‍ Pass KYC 💻 Setup node(s) 📑 Fill Form 🧐 Read FAQ 💬 Join Validators TG 📣Follow the forum Additional information can be found at these links: Official Battle of Nodes discussion board Frequently Asked Questions Rules of engagement How to set up a node Battle of Nodes landing page
    6 points
  2. This proposal is focused on expanding the Elrond staking economy. Please read the information below carefully in preparation for our feedback sessions. The changes we are proposing are meant to open a new era of growth for Elrond, specifically increasing the token distribution and decentralization, strengthening the security of the network, and enabling sustainable business models around staking-as-a-service providers. In short, by enabling more eGold to be staked, more people and validators will participate, more tokens will be locked, security will improve, potentially increasing the value of the locked assets. A secure environment will give confidence to more businesses to start building on Elrond, increasing the demand of eGold, in a perpetual virtuous circle. The following changes are proposed: Increasing the staking cap: increasing the maximum number of Validator nodes Increasing the amount of stake per node, and enabling compounding feature Enabling open delegation via system smart contracts 1. Increasing the staking cap There are 2,169 Validator nodes active in the Elrond network, each with a 2,500 eGold stake, totalling 5,422,500 eGold staked. This is 37.49% of the circulating supply. The Delegation Queue enabled additional participants to engage with staking and increase the amount of eGold locked to more than 8 million, or 55% of the circulating supply. We therefore propose to increase this staking cap by a) increasing the number of Validators and b) adding a compounding rewards function that enables each validator to increase the amount staked per node. Increasing the number of Validator nodes We propose increasing the maximum number of Validator nodes from 2,169 currently to 3,200. The number of shards will remain the same: 3 shards and one metachain. Also the number of eligible nodes per epoch remains at 400. What is changing is the number of nodes per shard that are not eligible but are on the shard waiting list that will increase from a maximum of 142 to 400 (not to be confused with the queue from Phase 1). The minimum number of nodes on the waiting list will be 80, instead of 142 as it used to be, so the minimum number of nodes will also change from 2169 to 1920. With 2,500 eGold staked per node, the total amount of eGold staked will be exactly 8,000,000 eGold, on par with the current locked amount. The change in the maximum number of nodes is more complex and will enable a variable number of active nodes on the Elrond network: 1920 minimum, 3200 maximum. The actual number will be driven by the market demand for eGold staking. Since the amount of rewards is fixed per year (2,16 Mil eGold in the first year) the change in number of nodes will directly affect the rewards earned by validators and delegators as well. Please find below the rewards for Validators & Delegators in the min & max scenarios: Validator Min. nodes: 1920 Current: 2169 Max. nodes: 3200 APR % 40.65% 36% 24.40% Delegator Min. nodes: 1920 Current: 2169 Max. nodes: 3200 APR % 32.75% 29% 19.65% What the limits mean: Minimum 1920 Validators: unStake is not possible when only 1920 Validators are in the network. Elrond Foundational nodes will be added in this (unlikely) scenario, to enable community validators flexibility Maximum 3200 Validators: creating a new Validator is not possible when 3,200 Validators are already staked. Elrond Foundational nodes will be progressively removed in this scenario, to allow more community nodes Increasing the amount of stake per node Another important part of this proposal is enabling people to stake an amount larger than 2500 eGold per node. The minimum value will remain 2,500 eGold, but the maximum value will be uncapped. Validators will be able to add more stake to their nodes and therefore earn more. The amount of eGold staked per Validator does not influence its chances of being selected as block proposer or consensus member, but rewards will be proportional to that amount. A diminishing returns mechanism will be applied, so it will be more profitable to i.e. run 2 nodes with 2,500 eGold each, instead of 1 node with 5,000 eGold. Please see the rewards system details taking into consideration top-up stake at the end of this post in the Appendix. Some simulation data can be found below. This is based on year 1 inflation (10.84%), considering 100% hit rate (no missed blocks) and the proposed values in Appendix. Scenario for 1920 Validator nodes in the network (minimum) Avg stake per node 2,500.25 eGLD 3,000 eGLD 4,000 eGLD 5,000 eGLD Total stake on the network 4,800,480 eGLD 5,760,000 eGLD 7,680,000 eGLD 9,600,000 eGLD APR base stake 40.67% 38.65% 35.43% 33.47% APR top-up stake 10.36% 10.12% 8.73% 7.20% Average APR per node 40.66% 33.89% 25.41% 20.33% Scenario for 2169 Validator nodes in the network (current) Avg stake per node 2,500.25 eGLD 3,000 eGLD 4,000 eGLD 5,000 eGLD Total stake on the network 5,423,042.25 eGLD 6,507,000 eGLD 8,676,000 eGLD 10,084,500 eGLD APR base stake 36.02% 33.99% 30.78% 28.81% APR top-up stake 10.36% 10.12% 8.73% 7.20% Average APR per node 36.01% 30.01% 22.51% 18.00% Scenario for 3200 Validator nodes in the network (maximum) Avg stake per node 2,500.25 eGLD 3,000 eGLD 4,000 eGLD 5,000 eGLD Total stake on the network 8,000,800 eGLD 9,600,000 eGLD 12,800,000 eGLD 16,000,000 eGLD Average APR base stake 24.40% 22.38% 19.16% 17.20% APR top-up stake 10.36% 10.12% 8.73% 7.20% Average APR per node 24.39% 20.33% 15.25% 12.20% This will be a powerful mechanism for Validators to compound their rewards on a daily basis, while further increasing the value of assets locked for staking and therefore the network security, with all the benefits detailed above. Increasing the stake of a node will be possible using eGold from any source, not just Validator rewards. Enabling open delegation Presently, everyone delegating eGold is doing so towards the Elrond Foundational Nodes. This interim solution was instrumental to securely bootstrap the Elrond blockchain. Our common goal is to decentralize the network and decrease the number of Elrond Foundational Nodes, in favor of more community nodes. Open delegation enables us to achieve that. Open delegation will be enabled at protocol level through system smart contracts. This enables Staking Providers to build a great business model around their services, creating very secure staking products without the need to invest in smart contracts programming resources such as developers and audits. Staking Providers will be able to tailor their staking terms according to the interests of their respective customer base. Staking through regular (non-system) smart contracts will be possible as well, and we look forward to these options gaining in popularity and complementing the system smart contracts with innovative staking products. The Delegation System Smart Contracts will enable Staking Providers to register their nodes and define parameters related to their individual staking products, such as the maximum amounts to be delegated, and service fees. End users looking to delegate their eGold will be able to select their preferred Staking Provider and delegate their eGold towards them. Most importantly, every staking as a service provider will be able to start marketing Elrond, offering compelling and differentiated services to the Elrond investors and community, increasing their eGold amount delegated and growing their revenue, while at the same time significantly increasing the Elrond network exposure and overall security. The specific details about the Delegation System Smart Contracts can be found here: https://github.com/ElrondNetwork/elrond-specs/blob/main/sc-delegation-specs.md Outlook on Phase 4 The Phase 4 of the Elrond Staking mechanism will cover a soft-auction mechanism, but this will only come into play at a later stage, once the maximum number of 3,200 Validators is reached and most of them staked more than 2,500 eGold. A separate post will detail the mechanism and begin community discussion once components are ready. Appendix A copy of the proposal and the detailed formula for calculating the top-up rewards can be found in this document.
    5 points
  3. I'm not part of the team, but just my humble opinion. Need to recap a bit the history to understand the present. This blockchain has less than 7 months from the mainnet and is already in top 20 - 25 by marketcap. Inevitably the node price increased a lot. From technical perspective the project is rock solid (and this is reflected in the eGLD price as well), the validators community is also very strong, the same team with long term vision. You cannot change the rules during the game and need to let some time to digest the new economic environment and the current validators expectations. Growing organically is the key in a fully distributed environment if want to keep both security and safety. In this point, is very risky to change the node min amount, there are lot of validators which already made the setup for phase 3 with all the economic context in place. Starting with phase 4, the auction mechanism will be enabled, let's see what's happening after the voting. Also, from scalability point of view and taking in consideration the current overloading, 3 shards with one metachain with 3200 nodes is more than enough for running any kind of project. Elrond is one of the most distributed PoS project from the community from both the nodes distribution and from hw requirements perspectives. I understand your point, but need to wait at least to phase 4 or when the network will naturally request more nodes.
    4 points
  4. Hi all, A few interesting general resources about Elrond: General https://info.binance.com/en/research/ERD-2019-06-20-d893c3.html https://messari.io/asset/elrond#profile “Elrond Validator Economics Proposal” by Beniamin Mincu https://link.medium.com/kFq41x9On0
    4 points
  5. Hi Milan, 1. If you run a staking service (accept delegations) there is a delegation manager contract that allows you to create your own delegation contract with your preferred configuration (service fee, delegation cap, etc). For this you need to come with 1250 eGLD yourself, which will be the first delegated amount (your own delegation) and is required in order to keep your delegation contract active. Everything else can come from other delegators. 2. Yes the node will be deactivated by the protocol while the staked amount is below the minimum required. If in the meantime there is one delegation that causes the staked amount to exceed the min required, then the node will be re-activated. 3. Slashing is currently not enabled, but the intention is to have less impact on delegators (could be 0) and more impact on provider. This is still TBD and there will be a proposal before we activate the feature so we can discuss and reach the best decision. At point 3 could you explain which lock you were talking about? Is this about the requested features for delegation SC for min lock period, where in exchange for longer lock time the service provider could have lower fees? The way that will be designed is that delegators have a guarantee for lower service fees while they abide by the agreed lockup. The funds can be withdrawn any time nevertheless, with some penalties on the rewards for the last period if there is a breach of the agreed lockup. One thing we are trying to implement here is correctly defining the constraints for both parties, delegators and service providers. So if we have a breach of contract from the delegator, its rewards for the the last period have a penalty, while on the other side, if for example the service provider gets slashed, or changes anything with the agreed delegation contract parameters that negatively affects the delegation APR, then delegators can withdraw without any penalties.
    3 points
  6. I make here a simple tutorial on how to run multiple node on single machine and changing shard id https://medium.com/@jeff.penaflor1983/tutorial-on-how-to-run-multiple-elrond-node-in-one-machine-for-windows-changing-shard-id-173392bd2f35
    3 points
  7. I made a guide on medium for elrond BON mission 2. Maybe useful to you guys https://medium.com/@jeff.penaflor1983/bon-mission-2-guidelines-a2471f498956 Thank you.
    3 points
  8. We have discovered a flaw in our finalization algorithm where the finalized block notarized in the metachain was different than the block seen as final in a shard. Based on our findings from shard 3 I will try to describe shortly what happened and how shard 3 got stuck. The current view of a validator in shard 3 at 17:50 UTC looks like this: In shard 3 the latest seen header from the metachain has nonce 18685, which contained the highest finalized block nonce in shard 3 with nonce 17175. Looking in the blockchain explorer on shard 3 page 3 we see the block 17175 at the bottom which was the latest notarized final header for shard 3. The shard worked further with no problems until block 17179, which was sent to the metachain and made block 17178 final in the view of the metachain for shard 3. Starting with block 17179 no blocks were created in Shard 3 for 15 minutes. Because no metachain headers had been added to any block in shard 3, as no blocks were created, shard 3 considered block 17175 as final and tried rolling back to it. During the latest stall in our network, where the metachain stood still, we have built in a mechanism to fix the stalls, so that all nodes in the shard revert to a lower nonce (nonce-1) and try to create a new block with the lower nonce. If they again do not succeed, the nonce is being decreased, until the latest finalized header from the metachain, 17175. During the 15 minutes where no blocks had been accepted in shard 3, the revert from block 17179 to 17175 happened. Then shard 3 started producing new blocks starting again with block number 17175 and created a fork. This fork went on until block 17230 in shard 3. During this fork duplicates of blocks 17176, 17177, 17178 were created and the new 17179 was created in the shard, but could not be notarized in the metachain because it built on top of another block 17178. When we do the rollbacks of the blocks, the blocks are taken out from the persistent storage into our datapools, and deleted from the storage. This is what caused the current issue to be unrecoverable, because, e.g. block 17178 was removed from the shard 3 datapool after some rounds. Afterwards, shard 3 tried to add metachain headers in their blocks, but couldn’t advance with the latest finalized block nonce above 17178, because the metachain would not accept the blocks because they were built on top of a fork. We got to a deadlock, where shard 3 could not advance with its finalized blocks. We are working on a fix, because now we know what went wrong. We’ll keep you posted with updates.
    3 points
  9. Dear community memebers, Here is an overview on the scoring and rewards methodology. Battle of Nodes: Scoring & Rewards 🔹Earn rewards for maintaining node(s) and completing missions 🔹Earn special prizes for successful attacks, bug discovery and excellent behavior 🔹Points are awarded for each node daily and added up at the end of the event 🔹Prize pool split between special prizes and uptime rewards 🔹Surprise & secret missions for bonus points 🔹Track your nodes on the leaderboards The $50.000 prize pool will be split into two categories: 🏆 Special Prizes will be awarded for the following categories: ⏱ Uptime - The highest scoring node per account - 7 prizes ⚔️ Attacks - The best executed attacks on the network 🕺 Community - Members that stand out throughout the event. 👾 Bugs - The most critical bugs or issues discovered 📊 Leaderboards will track the ranking of nodes based on their added daily score, a weighted sum of: Rewards Proposed blocks Uptime Missions Client version - penalty for not updating The philosophy behind the Battle of Nodes scoring is to reward each node according to their individual conditions, so at the end of each day, node scores are comparable. This is done by factoring in all the many variables of each shard and determining a daily "shard optimum" - the average score possible under the given conditions. Actual results are compared to this optimum to obtain the daily score. Read below to get a better understanding about how we make this fair for everyone. Scoring explained The leaderboards will be the place to follow your nodes' performance and how you compare to other participants. The ranking will be done based on score. Score is accrued individually for each node and is calculated on a daily basis. Each phase will have slightly different scoring methods, as we look to incentivize different behavior. The score at the end of each round is added up towards a final score. The prizes and rewards are given based on the final standings on the leaderboards, at the end of the Battle of Nodes even. Phase 1 Scoring In the Build phase, participants should maintain their node(s) online with the latest client version and do the periodic missions to earn points. Points are given for: Number of Earned Block Rewards Online (minutes) Missions Latest client version Daily score is: Daily Score = ((1 x Percent Uptime + 3 x (Number of Earned rewards / Hitrate * Max Number of Earned Rewards) + 6 x (Proposed Blocks / Maximum Proposer Rate) + 1 x Mission) * Client Version)/11 * 10.000 Registered Nodes in shard - at the start of each Phase & Round in Battle of Nodes, the total number of registered nodes is split evenly across the number of shards. Not all nodes will be 100% online during the event, which will mean a reduced Hit-Rate (see below) Maximum rewards - For every mined block a reward is given to all the validators that participated in the consensus. A block is mined every 6 seconds, so maximum 14.400 blocks can be mined per shard per day, meaning maximum 14.400 rewards can be given in a shard. In Round 1 there were 21 validators defined in the Elrond consensus mechanism. Thus, the chance of a node to earn a reward for validating blocks is 21/(Nodes in shard). In Round 2 there were 63 validators defined in the Elrond consensus mechanism. Thus, the chance of a node to earn a reward for validating blocks is 64/(Nodes in shard) Maximum Rewards = Total Rewards per Day (14.400)* (Validators needed for consensus / Registered Nodes in Shard) In a shard with 133 nodes: 14.400 * (21/133) = 2273.684211 -> The number of rewards a node will earn, on average, if all nodes are online Rewards are counted by summing up the number of block reward transactions issued by the protocol. Hit-Rate - Indicates the liveliness of a shard, calculated by dividing the actual number of mined blocks by the total number of blocks possible in a period of time. In ideal conditions, there are 14.400 blocks in a day (86.400 seconds in a day / 6 seconds round time). A hit rate of 1 is ideal. Hit Rate = Mined Blocks / Maximum Number of Blocks Client Version - We encourage all the nodes to have the latest client version, so we may effectively deploy critical patch in short periods of time. 100% score will be awarded to nodes with the latest version. A 24 hours grace period after we officially announce a new patch. After that, a 10% penalty is added to the score earned every hour after the grace period. Missions - There will be periodical missions that earn extra points. It is not mandatory to do these missions, but they give significant score. A mission will be for example sending a transaction with a certain amount of gas or specific data encoded. Missions will be linked by nodes because they will require participants to send certain transactions from the address where staking rewards collected. There will be periodic missions, Scheduled missions, Secret Missions. Mission = 910 points Recap: The score has 11 elements: 1 x uptime 3 x number of earned rewards 6 x proposed blocks 1 x mission Daily Score = ((1 x Percent Uptime + 3 x (Number of Earned rewards / Hitrate * Max Number of Earned Rewards) + 6 x (Proposed Blocks / Maximum Proposer Rate) + 1 x Mission) * Client Version)/11 * 10.000 Node Round Score = Sum of Node Daily Scores that Round Phase Score = Sum of Round Scores Total Score = Sum of Round Scores ⚔️ See you on the battle #fiedl ! 🛡️ P.S. Leaderboards teaser
    3 points
  10. I checked today and I can finally see after almost 3 days my egld in my Maiar wallet. 🙂 problem solved!
    2 points
  11. Hello ! Of course, this can be automated. You have to also get the results of the transaction. Speaking of API endpoint, this is the URL you're interested in: https://devnet-gateway.elrond.com/transaction/5c8a46bedf88048768da6de865b296e74604c4badc88ea5e1a8295e7c5e20849?withResults=true In erdjs, you can use ProxyProvider -> getTransaction() method that also receives a withResults boolean param, that has to be set to true.
    2 points
  12. The article looks like a promoting article for radix, so it should be viewed from that perspective. In regards to the numbers mentioned in the article for radix, I don't see in the article which kind of setup they ran, in order to make a comparison with elrond capabilities. Elrond has reached 263k TPS in a real world scenario, where the nodes forming the network were ran together with the community, with a good geographical dispersion, 50 shards, low end machines (some used the cheapest contabo machines, others used personal laptops, etc). The elrond binary used in this benchmark was the one we were testing in preparation for the mainnet launch, so all verifications (signatures, hashes, state, etc) were in place, with real operations and most transactions being cross shard. In the same real world scenario if we would have increased the number of shards to 200, elrond would have also gone above 1 million TPS, more so with the latest protocol improvements. Regarding the concern about breaking atomic composability, there are different models that enable defi applications to work well with the elrond asynchronous execution model. In addition to this, we have done an in depth analysis that ended with an internal proposal that would also enable atomic composability for smart contracts in Elrond that would also fit with the current architecture. This would allow smart contracts to specify the need to be executed atomically and the protocol would be able to ensure the execution of the Smart Contract calls as if all smart contracts "touched" by one call were in the same shard. In regards to the atomic composability for smart contracts in radix, I have read the paper and am assuming they do not have this working currently with nodes that are holding different subsets of shards. There are many limitations and drawbacks with their proposal that would only become visible in this scenario (which is actually the scenario where their sharding would start working, otherwise it is like running a single chain and no sharding).
    2 points
  13. I'm Lucian from Romania. I've started using crypto back in 2014 by selling my online services and receiving crypto payments. In January this year I bought my first share of eGLD. Since then I'm always adding some, every 1-2 weeks! I'm currently staking it and so far I love it. There is no crypto I've seen with this level of implication form it's creators. It haven't even been 1 YEAR yet, and it looks like it's already a standalone network. I love that it's not based on another cryptos/blockchains. It features every part of the spectre to make it a global go-to for everything. from the blockchain to the wallet, to the exchange, launchpad and everything, it's the best all-in-one. I trust Elrond and the Elrond team and I respect them. That's why all my other investments are now in eGLD. It's worth it for sure. See you here in the next years! And thanks to the team for making this network a reality!
    2 points
  14. My name is Dan, [UoE] political science undergrad + MBA. Two months after graduation I got entangled in this ambitious project. Involvement is the best way in shaping the future and this is why I’m happy to put so much time into advocating Elrond.
    2 points
  15. April 7 - the first rewards from the new Validators On April 7 ~14:30 UTC at epoch 251, these nodes distribute their rewards towards their stake owners, whether directly staked or delegated, in effect producing the first rewards for Staking Phase 3. Also at this date and time, the next 320 new nodes become Active Validators, and so on.
    2 points
  16. Hello, I am in a bit of a situation. I advanced in the waiting list so much in the last days that I can become an active delegator in about 24 hours if it keeps the same speed. Calculating the APRs in Phase 3, a Phase that I understand will last for about 5 months, please tell me what are your exact plans with the community nodes. Will you force delegators out at some point or will you wait for people to undelegate and shut down the nodes as that happens? Giving the little price cartel SPs created in the last few days, there is nothing attractive in going with them for Phase 3 instead of going with the Elrond nodes. At least you don`t change your fees from one day to another like they do and their fees come closer to yours. At this point for Phase 3 I am inclined to enter the active delegation to get a 29% APR for the next 3 weeks and 5 months of 17.XX% during Phase 3(if I got the duration of Phase 3 right)... than going with a SP and only get about 18.XX% APR for 5 months - (3200 nodes + 2 mil eGLD top-ups calculated). I know the focus is on decentralization and I wanted to go to a SP, but please give me, and others in my situation, some real reasons to go with the SP at this point. I asked some of the SP managers why should I choose SP instead of Elrond nodes in my situation and not even one gave me plausible reasons. I only get political answers and no real facts. If the decision should be a no brainer in favor of SPs, please tell me what details I am missing at this point. Thank you!
    2 points
  17. Hi Emi, Thanks for the feedback! The team already pushed a work-around and tomorrow will be pushed the official fix. I tried from my Mac/Safari and it's working as expected now. Best regards, Marius P.S.: Kindly please let's keep English using on this forum
    2 points
  18. The Economic paper we are publishing today presents the economic principles governing the Elrond Network, and how they keep everything aligned Read the full paper here: https://elrond.com/assets/files/elrond-economics.pdf Reasoning and overview Through Elrond we propose a bold vision for a post-capitalist world, providing a new economic model and language specifically designed for the information age. The Elrond token, eGold (eGLD), will have an expected bootstrapping duration of roughly three-to-five years. The Elrond token is inseparable from the Elrond Network, and thus intrinsic to it. Some of eGold’s intended use cases include staking, delegation, payments, fees for storage rent and for smart contracts deployment, as well as rewarding the validators that contribute to the Network’s performance, stability and security. During the first few years, our focus will be to establish Elrond as a global public utility within the internet ecosystem, offering a highly scalable, efficient, and interoperable blockchain architecture, with a growing economy built on its native eGold tokens. All activities within the network, such as processing transactions, running smart contracts, providing services like staking or running a validator node will be fueled by our native token. Both startups and large scale enterprises will be able to build decentralized applications on top of Elrond's Network or to integrate Elrond as part of their infrastructure solution for products and services. In this first phase, gaining access to a recurring value stream generated by the network is conditioned by owning the eGold token, as the native asset of the Elrond Network. Following this first period, we expect that eGold will naturally temporarily lend itself to becoming a currency or payment token as well, complementing conventional currencies thanks to its flexible programmatic mechanism. This means that eGold will likely become an efficient medium of exchange for various goods and services, since its owners will be able to send and receive eGold directly, globally, and inexpensively via transactions. Once Elrond becomes a thriving global ecosystem and public utility, one might expect the token to become a robust store of value, owing to compounding programmable incentives and strong underlying network effects governing blockchain architectures. Its quality as a store of value will be a function of the underlying economic incentives amplified via real world adoption, defined conditional transition to a deflationary economic model, and accrued trust in the Elrond Network. The Elrond Network, on the other hand, is a proof-of-stake based blockchain platform where a set of validators, who have staked eGold, produce blocks by reaching consensus. Validators are rewarded for their work and staked eGold. However, if a validator decides to intentionally depart from protocol instructions, they stand to lose part of their staked eGold due to slashing. The set of nodes elected as validators and their assignment to shards changes constantly (in each epoch, i.e. around once a day), and this number is limited depending on the current needs of the network in terms of security and throughput. Any number of eGold holders can participate in staking indirectly by delegating their eGold to existing validators, usually professional validators (staking-as-a-service providers), that choose to accept delegations. An eGold holder indicates which validator candidates they trust, and puts some eGold at stake to support their delegation. If one or more of their candidates are elected as validators in an epoch, they will share with them any economic rewards or punishments, proportional to their delegated stake. Delegating eGold is a way of investing one's eGold, and contributing to the security of the system. The larger the total amount of eGold staked, the higher the system security, thanks to the increasing amount of stake needed by an adversary to get any nodes elected as validators. Why Validators matter In order to secure the network, Elrond will utilize a Proof of Stake model. Network participants bring value to the network. The more validators, the more eGold staked, and the greater the security and decentralization of the network. Given that sharded networks such as Elrond require a necessary number of validators to form several well secured shards, we have developed a validator client that runs on average consumer hardware and that is easy to deploy and maintain. Validators ratings As with any decentralized and permissionless network, we are expecting to see participation from many validators, from different locations, using different hardware specs, infrastructure setups, internet connections, bandwidth, etc. This will lead to different performances in terms of up-time, response time, computation time, etc. While these variations are acceptable and expected, the more decentralized the network is, the clearer it becomes that specific actions are more desirable, while others actions are not. Through the rating mechanism, we are rewarding desired performance (such as uptime and correct proposal of a block), but we’re also penalizing undesirable actions affecting the performance of the network (such as missing block proposals). The higher the rating of a node, the higher the chance to be selected as a consensus validator in a round (which implies having the opportunity to earn rewards). Conversely, the lower the rating , the lower the chance to be selected as a validator. The reward or penalty is performed merely through an increase or decrease of the node rating, so no slashing is involved. Slashing Actions taken by validators, such as running other clients or modified code from the official client, can be detrimental to the operation of the network, and so require some punitive measures to be taken in the context of a PoS system. The security of a PoS system is held together through incentives in the form of reward and penalty. By requiring validators to put skin in the game via a locked eGold stake, they will have a strong disincentive to act maliciously due to their economic value being at risk. Slashing is not yet active but we are considering and researching different approaches: We might consider gradually increasing the amount slashed, as the time pass and the network becomes more mature We might consider increasing the amount slashed based on the number of other validators slashed at the same time, so that we further discourage coordinated actions by multiple malicious actors Staking rewards Staking rewards, possibility of slashing, or increasing/decreasing a node rating, are a set of incentives that encourage token holders and validators to secure the Elrond Network. In return for security, the validators can increase their relative share of token holdings in the network. There will be a minimum guaranteed reward amount per year, that is decreasing every year so that in the 11th year it reaches 0, meaning the network by that time should become self-sustainable only through fees. The minimum guaranteed reward amount will come from fees, while the rest will come from inflation. So the maximum inflation rate per year, if fees are 0, is: If the cumulative sum of fees during one year is higher than the minimum guaranteed rewards, inflation rate becomes zero and the rewards distributed will be higher than the minimum guaranteed rewards. Otherwise, total fees will just decrease the inflation by the corresponding amount. By adopting this approach, we have created the premises for the transition to a deflationary monetary system. Un-staking If a validator wishes to un-stake, he initiates a transaction that indicates he wants to unstake a number of nodes, including the BLS public key of each node. The transaction is generated by the validator and sent to the metachain. At the end of the epoch, when nodes are re-shuffled, those who un-staked during the just-completed epoch will be shuffled out first. Unbonding The unbond period is set at 10 days, after which the node will be able to retrieve its previously staked funds. Delegation as a second staking option Since not everyone will be able to be a validator and run a node, those who still want to stake, can delegate their stake to other validators or Staking as a Service providers, and split the rewards between them. Usage and Fees A sustainable value stream for the network can come from transaction fees and asset inflation. Since the success of the network is reflected by the adoption and usage which will generate transaction fees, the economic model will be able to finance the growth and maintenance of the network without the need of inflation. The calculation and distribution of rewards and fees is done at the end-of-epoch, and added to the start-of-the-epoch block by the block proposers, verified by all the validators. For all blocks produced in each round, by each shard, 10% of the block transaction fees go directly to the block proposer. The other 90% of all transaction fees of a block are added in a pool and are distributed to all validators at the end of the epoch. Just the block proposer takes 10% of the fees in the current block. After reviewing initial simulations, we have decided that transaction fees will start with 0.00005 eGold per transaction. Transaction fees are calculated using a gas model. This takes into consideration: the quantity of resources used per transaction, including: CPU Bandwidth Storage This list provides 584 operations and their associated gas amount that will be used at Genesis. Storage fees Storage should be considered separately from computation or bandwidth, because each smart contract transaction that will require storage across all validators going forward, is not just subject to a one time fee at the execution of the transaction, but also a storage cost. Elrond will introduce a state rent for smart contract transactions, where there will be a fixed price per each byte that needs to be stored (in the future this fixed price can be adjusted via governance), a price that will be paid periodically. The state rent price is applied only to smart contracts and not to normal balance accounts. We will also introduce a mechanism to temporarily clear the state of an account (unable to pay the rent), to hibernate the account, and restore it once needed. Developers fees and monetization In order to significantly accelerate developer adoption, we will provide developers with a built-in protocol monetization solution. Thus 30% of the fees directly associated with a dApp, will go to the developer. So when processing a smart contract transaction, 30% of the fees from that transaction will be added to the smart contract balance. eGold, the native Elrond currency The native Elrond eGold token is opening a new growth phase for the Elrond economy. It is a natural step toward enabling native Elrond services such as staking and delegation, and native DeFi options. Here’s an overview of the most important eGold premises: The eGold currency is designed for simplicity and global adoption The eGold currency is designed as a digital reserve standard and robust store of value Built-in scarcity to reinforce value and demand Strong staking incentive for validator adoption paired with a max supply limit: Adoption reduces this theoretical inflation and increases scarcity A sustainable adoption model growing the entire eGold economy and reinforcing deflation Protocol sustainability The protocol sustainability address will receive 10% from the total generated rewards, in order to provide the necessary resources and funds to further develop, maintain and promote the Elrond protocol. The specific rules for managing these funds will be presented in a different paper, together with the governance information. Future work A promising direction for future work will investigate using an algorithmic stable token for fees. Also, by enabling a new set of tickers with an e as a prefix, like eGLD, we make things simple and intuitive to understand, but perhaps even better, enable a flexible and coherent derivation path based on the E prefix, compatible with listing an unlimited set of new currencies on top of the Elrond Network. Moreover, eGold, besides being locked in staking and delegation, could be used to stabilize the value of Elrond stabilized assets, becoming a reserve component. The reserve might consist of a basket of cryptocurrencies that helps the protocol to reduce the supply of future Elrond stable-assets. In order to read more details and in-depth information about the Elrond economic model please read the Economics paper here: https://elrond.com/assets/files/elrond-economics.pdf --- This paper is the first public draft of the Elrond economic model. The individuals and companies contributing to this paper operate in a dynamic environment where new ideas and risk factors emerge continually. Thus, we are constantly looking for feedback, with new assumptions that could challenge and improve parts of our model. We encourage you to share your feedback in this thread. Disclaimer Nothing in this paper or elrond.com website is an offer to sell, or the solicitation of an offer to buy, any tokens. Elrond is publishing this paper solely to receive feedback and comments from the public. Nothing in this paper should be treated or read as a guarantee or promise of how Elrond’s business, services or the token will develop or of the utility or value of the token. This paper and elrond.com website outlines current plans, which could change at its discretion, and the success of which will depend on many factors outside Elrond’s control, including market-based factors and factors within the data and cryptocurrency industries, among others. Any statements about future events are based solely on Elrond’s analysis of the issues described in this paper or elrond.com website. That analysis may prove to be incorrect. Elrond eGold (eGLD) incorporates no connection to physical gold or gold derivative instruments. eGLD is not a "stablecoin" and may be volatile and/or may lose value. No recommendation is made herein as to the advisability of purchasing eGLD; notwithstanding, do not purchase eGLD if you cannot bear the loss of the entire purchase price.
    2 points
  19. Hi Marius, The removal of Elrond foundation nodes is not yet in discussion for the phase 3 release, this will be further down the line and will be announced beforehand. But just for the sake of discussion, the mechanism should be fairly simple, one option (which in my opinion would also be elegant) would be to keep the extra stake from the removed keys(nodes) as TopUp stake on the remaining nodes. This will indeed cause the return per staked token to decrease on average a bit, since the topUp stake APR is always below the base stake APR, but will also allow SaaS providers to become a more competitive alternative the more nodes are removed. This mechanism will make the migration process from elrond foundation nodes to SaaS more organic, so if delegators see a better option out there with some SaaS they will migrate. For your other questions: 1. It doesn't really matter which keys are unregistered. 2. Only delegators themselves can move their funds to other staking partners if they see a better option, and if they move or not depends probably on the advantages offered by the staking partners, but as explained above, since the APR will decrease a bit by unregistering elrond nodes, this will make the SaaS options look more competitive. 3. There will be no specific delegator greatly affected, this affects all delegators by a small degree, but this is already to be expected with the V2 proposal. Until keys are unregistered from the elrond foundation nodes, the APR for the elrond foundation nodes will be the highest possible (fees aside), so up to a certain number of unregistered keys keeping the funds delegated to elrond foundation nodes will still be one of the better options, out there, as long as the ratio of (topUp stake)/(base stake) for elrond foundation nodes is better than the same ratio for SaaS providers (again not considering fees). As soon as this ratio falls below what staking partners have, there will be an incentive to move. Hope this clarifies a few things, this is not yet decided to be the way to go, but I think it is one of the better options. If anyone has other ideas we can discuss.
    2 points
  20. Hi folks! I have some questions please. My understanding is that (soon) starting with the phase 3, the max no of validators will be increased up to 3200. Also, some of the Elround Foundation nodes will be removed letting some space for some external nodes. So far so good. My questions: 1. How are selected the nodes to be removed? Just random? 2. What's happening exactly with the tokens delegated to those Elround Foundation nodes? Will be moved transparently to some staking partners? 3. The affected delegators will be announced and can decide for themselves? Thank you, Marius
    2 points
  21. small fish hi all, well im a small fish here and i only run one validator node, at the moment i dont want to go into becoming staking as a service provider untill i could become more comfortable with the smartcontracts etc so untill then im quite happy running my node, if i could i would had run more nodes but i do not have the funds for this, so im just going to put this out their, i understand the proposal to increase the stake per node but putting the amount up too much may price even more people out and a few people/comapanies could end up running a majority of the nodes, this to me is not decentaliaztion as you might as well stay with the Elrond bootnodes, this is just me speaking up for the small single node operators, i would also like to say that any increase should not be more than 500egld per year and this figure is purely based on the fact i only have 3000 egld :) so if the price does go above i hope one of you staking providers will give me a good deal to delegate hehe!, as for josefcoap proposal i also agree that their needs to be a secure lock in period like he mentioned to create continuity for the validators and staking providers. all the best ken.
    2 points
  22. Should we also have a flow in the main DSSC where people will choose lock commitment for a higher APR comparing with no lock commitment ?
    2 points
  23. About Delegation System Smart Contracts: I suggest by default to have some variables that helps to define: standard fee (without lock commitment) 3 months fee 6 months fee 12 months fee If a provider only "fill" the variables standard fee and 12 months fee, only this 2 options will be available in the SC This change will cover a lot of scenarios for staking providers
    2 points
  24. I think it's time for a small presentation. My name is Kevin and i'm from France :) My interest for cryptocurrency really started in March and i discovered Elrond quite late in June. I am autodidacte and passionate in web-technologies and i believe that Elrond will occupy myself for the years to come. I am used to work with API and im fluent in SQL. Who know may be one day i will write some smart contracts on Elrond I feel like i'm taking part in history and i'm glad to help the french community in telegram and on medium as a translator :) Have a nice day !
    2 points
  25. Elrond blueprint wallpaper. All the download links for wallpapers here. Since forum compresses - Full resolution download link: Blueprint - https://i0.wp.com/tarantulo.lt/wp-content/uploads/2019/09/The-Erlond-blueprint.jpg Rasperry Pi - https://i0.wp.com/tarantulo.lt/wp-content/uploads/2019/09/Erlond-rasberry-4k-Dark.jpg Bubbles wallpaper - https://i0.wp.com/tarantulo.lt/wp-content/uploads/2019/09/Elrond-desktop-4K.jpg
    2 points
  26. Hi guys. I am Lucian. I am a serial technology entrepreneur and angel investor, with more than 15 years experience in Internet and tech related businesses. I took the first step towards entrepreneurship in 2001, when, as a 21 years old student, launched the first website that later became known as Soft32.com. In 2002, I decided to drop The Bucharest University of Economic Studies where I was specializing in Finance, Insurance, Banking and Stock Exchange in order to focus on building and expanding the Soft32 platform that, at its peak, listed more than 150 000 apps and was visited by more than 10M users each month. Soft32 was acknowledged in 2014 as one of the fastest growing tech startups in Europe and EMEA. I was involved in several other tech startups activating in mobile payments, gaming, travel or mobile advertising. As an angel investor I invested in several companies: Smartbill - the most used Romanian invoicing and accounting SaaS platform; TypingDNA (Techstars NYC'18 Company) offering typing biometrics and 2FA solutions for securing devices and web applications; Homefresh, the pioneer meal kit delivery service. In the last 2 years I focused on blockchain projects as well. At Elrond I am more focused on the operational and financial side, but I am also managing a user-focused project, soon to be launched.
    2 points
  27. Hello folks, Im a seasoned IT pro with long years of experience in system integration and automation. Im looking forward to play with elrond ecosystem and put it to good test. See you around! nakashu
    2 points
  28. Hello, my name is Sever and I am from the internet. I am a firm believer that cryptographically secured decentralized immutable trustless automation will change the world for the better. In the Elrond team I tell stories and manage projects. In crypto I like reading about all the new exciting tech and adoption developments.
    2 points
  29. Hey guys. I am Beniamin, Founder & CEO of Elrond. I spend most of my time thinking about the long term vision of Elrond, setting near-term milestones, overcommunicating them internally and externally, bringing the brightest minds I know together in the Elrond team, and pushing hard along our team on all fronts to advance in the right direction at high speed. I've been in the bloclchain space since 2013, joined the NEM Core team in 2014, and later invested in more than 30 blockchain startups. However, the last two years have been undoubtedly the most challenging and gratifying years of my life. Roughly around this time two years ago, together with my brother, we set out to solve what we thought were the most pressing problems in the space, and bring a 3 orders of magnitude improvement in blockchain scalability, speed, cost and user experience. It was obvious to us at that point that such an improvement would have an enormous impact on the space, and could in fact be comparable to the Internet transition from dialup to broadband. So after ~2 months of private discussions, we gathered some of our smartest technical friends together for a first meeting about this new project. The rest, as they say, is history. 😁 In Elrond we've built a team with which we can literally build rockets, a feat clearly visible in the speed and resourcefulness with which we deconstruct, tackle and overcome obstacles. We're still early in this game, and you'll probably see several other products coming from the Elrond team in an effort to achieve our core ambition: bring a 1000x improvement in blockchain speed, scale, cost and user experience - to give anyone, anywhere easy access to the digital economy. P.S. I'm very excited to finally see the forum come alive. Through it we'll hopefully discover great people from our community, engage in thoughtful dialogue on various Elrond topics, and strengthen our ecosystem. See you around!
    2 points
  30. There's a method to update really fast and smooth your linux node. I will try to explain, keep in mind that this tutorial is useful if you had installed the node from the github repository of scripts elrond-go-scripts. If you don't have the node installed from this repository this code can be wrong. I always make the installation of elrond-go-scripts on my home, be careful with the instructions that imply this folder. 1.- Before we start make a copy of your pems: mkdir ~/backup-pems cp ~/go/src/github.com/ElrondNetwork/elrond-go-node/config/*pem ~/backup-pems 2.- Close your node: If you use screen launch you can do: screen -S nameofyourscreen -X quit 3.- Update your scripts repo: cd ~/elrond-go-scripts/ubuntu-amd64 bash get-github-repo.sh 4.- Update your node from the scripts repo bash update.sh (I guess that you're in the same folder) At this point your elrond-go-node is updated, you need to restore your keys 5.- Restore your registered keys: cp ~/backup-pems/*pem ~/go/src/github.com/ElrondNetwork/elrond-go-node/config 6.- Maybe delete db, logs and stats Only If the testnet update require to cleanup all this stuff then: rm -r ~/go/src/github.com/ElrondNetwork/elrond-go-node/db rm -r ~/go/src/github.com/ElrondNetwork/elrond-go-node/stats rm -r ~/go/src/github.com/ElrondNetwork/elrond-go-node/logs 7.- Start again your node I like to launch it on screen but it's up to you: cd ~/src/github.com/ElrondNetwork/elrond-go-node screen -AmdS testnet ./node (it creates a virtual screen with name testnet and the node running inside) If you want to see the node running screen -r testnet If you want to exit the screen without stop your node Press Ctrl+A and then press D
    2 points
  31. Week #40 | Monday, September 30 – Sunday, October 6, 2019 1. Preparations for the Battle of Nodes (improvements, bugfixes, benchmarks, tests) 2. Initial implementation of a System VM and smart contract for validator staking, that will allow nodes to join the network real-time, through a fast protocol built-in mechanism 3. VS Code extensions can handle WASM smart contracts written in C and Rust. Work in progress to enable debugging of such code in the IDE 4. First flood attack on our testnet v1.0.19 made us tweak the libp2p's parameters and craft additional anti-flooding capabilities 5. Fixed the arm64 build so we can now run validators on raspberry pi4 6. Refactoring of shard processor in order to remove duplicate code and group all arguments in a single structure 7. Snapshot of the trie for saving the current state of the trie in a separate database. 8. Compaction of miniblocks to allow us to add more transactions in a block and decrease the data that needs to be propagated to metachain. Throttled mini blocks creation to a defined maximum value, to avoid bottlenecks with blocks with a too higher number of miniblocks 9. Added a local cache of meta blocks, used for processing current shard block, to avoid situation when a full pool of meta blocks (happening especially when a node is bootstrapping), would generate situation when needed meta blocks are in fact evicted from pool 10. Validator's uptime statistic improvements for the Battle of Nodes 11. Added more data in Elastic Search related to consensus group, will be visible in the testnet explorer 12. Economics rewards metrics for termui. Soon an estimation of how many ERDs you can earn 13. Fixed bug that caused in some situations the block to be rejected due to missing reward transactions 14. Fixed a bug after merging with the economics part which didn't allow the node to start 15. Further bugfixes and improvements
    2 points
  32. 2 points
  33. I think the minimum ERD needed for staking will be adjusted over time, therefore there's no limit to maximum nodes number. The network can scale infinitely and there's no limitation on device due to parallel processing and sharding. Even Bitcoin lightning is only ran by 10K nodes for now. First year is crucial. If we can get >3000 nodes, rewards will be less than 90%. More decentralized. In the few early years market might get monopolized by several people with high staking reward.
    2 points
  34. The Elrond code imports a repository created by Cloudflare (bn256) for generating some private/public pairs of keys. Due to a bug in that repository, it wasn't possible until today to run a node on a Raspberry PI. But this evening, thanks to Adrian Dobrita (one of the core developers at Elrond), the bug was discovered. So in order to be able to build and run the node on linux / arm64, it is necessary to make the following modification : check line 63 in file mul_arm64.h and change from "ADDS R25, c3 " to "ADDS R1, c3 " That's all folks ! Enjoy 😉
    2 points
  35. Interesting thread Alwin. I will post here one of the best videos that I know. The interview of Brad Laurie to Beniamin Mincu
    2 points
  36. Hi, I managed to publish the first version of Elrondex library in https://hex.pm/ (The package manager for the Erlang ecosystem) https://hex.pm/packages/elrondex {:elrondex, "~> 0.1.0"} This is first version and we plan to add docs and new functionality in next version. We managed to win #3 place in Battle Of Yields Competition, more details here: https://github.com/ElrondNetwork/battleofyields/issues/902 We also plan to make a presentation about Elrondex library on Bucharest |> Elixir |> User Group https://www.meetup.com/Bucharest-Elixir-User-Group/ If you want to know more please checkout https://github.com/elrondex/elrondex repo or follow us on twitter https://twitter.com/elrondex "Stay Hungry Stay Foolish"
    1 point
  37. The staked EGLD can only be unstaked by you or someone else who has access to your wallet. If you did not do the unstake yourself, then it probably means that your account has been compromised. Your account could have been compromised if you used the 24 words secret phrase (that gives you access to your wallet) on scaming websites (e.g there was/is a lottery scam that requires you to enter the 24 words seed phrase in order to claim some egld, but steals this key to your wallet). You can contact elrond support on https://help.elrond.com/en/ to find what can be done.
    1 point
  38. For every transaction you need to pay a fee. The unstake/undelegate has a higher fee than normal payment transactions as it interacts with a smart contract. From the message it appears you do not have enough egld for the unstake transaction fee. If you have enough pending rewards, you can try claiming those first as the claim rewards transaction is cheaper. The undelegate transaction normally consumes less than 7mil gas, so you can also try to set manually instead of the default 12mil gas 7 mil and if you have enough balance for that it will probably be executed. The claim rewards normally consumes less than 2mil gas, so there you can also try to set manually instead of the default 6mil, 2mil gas. Otherwise if you can't do either, then you should get some egld to have for the fee (ask a friend ?)
    1 point
  39. Hi, The most important ones are listed to http://elrondpartners.com/ and others will follow.
    1 point
  40. Hi, please find all the details related to phase 3 here [1]. Read also the comments, are very useful. Both delegation and validator list will remain up and running for tech purpose, but will not be any longer incentivized. The delegation mechanism will remain in place - if you're in the delegation waiting list you have chances to be swiped out to the active delegation (is someone exits) or you can delegate to a SP (Staking Provider) agency. Best regards, Marius [1]
    1 point
  41. One thing that worries me about Elrond is high staking rewards. Staking gives 25-29% annual returns depending on scenario. This is significantly higher than for other PoS chains, like ~5% for Cardano and 7% target returns for ETH (or even less?). What is the rationale behind high rewards? They will sure lead to inflation and compromise investment attractiveness.
    1 point
  42. Hi Ikosov, For the ActiveDelegation the APR is fixed currently at 29% and you need to manually claim the rewards using the ClaimRewards button (right side). This is paid daily. For the WaitingList Delegation the APR is dynamically and can vary based on the no of eGLD in the queue (which evident can be different from week to week). Last week the APR was ~ 6.7%. This reward is coming by default in your main wallet (from where you made the delegation process), so no need for manually ClaimRewards operation. Also you can see the transaction in the transactions list. This is paid weekly (on every Monday) - you can receive fractional parts of it if you don't have a full week in the List, but is mandatory to still be in the List in the Monday to receive the rewards. The rewards buffer for both Delegation and Validators Lists is 5000eGLD per week. Best regards, Marius
    1 point
  43. Thank you for response Richard. I kinda had a feeling that was it. Also, thank you for sharing that Elrond had an active Telegram. I will jump on it. Stay healthy. Regards, TCBTCF
    1 point
  44. This is a great opportunity for those who are using Windows to start using new tools that will make running a node look like buying a coffee. I am in particular an addict of Windows for more than 15 years until recently node running migrated me into Linux. Virtual Box or VMware is available to deploy if you still want to use Windows and have a full taste of Linux environment.
    1 point
  45. I am very happy to belong this great community. We are going higher everyday.
    1 point
  46. hi. cant say much about me. glad to be in this amazing community and trying to help and learn as much as i can.
    1 point
  47. My name is Alex, i am a crypto enthusiast. I live in Sibiu and a fan of the project since beginning. See you around!
    1 point
  48. I think that it can be good idea to put some media resources in elrond webpage. To make easy to the community to have the logo, some staff fotos, headquarters, fonts, and so on. It's really useful for content creators to have one official media set. Usually it goes in the footer of the main website. On this way if for example "ccn.com" wants to write a new about elrond network, they can go to get official media images.
    1 point
This leaderboard is set to Bucharest/GMT+02:00
×
×
  • Create New...