Why ‘Layer 0’ staking infrastructure is going to be the next area of explosive growth

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2021.10.28 15:05 yayyyyinternet Why ‘Layer 0’ staking infrastructure is going to be the next area of explosive growth

The Ethereum network has many engineering challenges that still remain. The transition to PoS and the progress of scaling solutions have been stealing the spotlight, but there are projects on the ETH 2.0 roadmap that are silently solving Ethereum’s lesser-known problems. ‘Layer 0’ staking infrastructure, including the Secret Shared Validators (SSV) technology, is one such critical solution.
Ethereum staking infrastructure, as it exists today, is seriously flawed. Most validators are run through centralized, custodial services. Getting slashed (from user error, client bugs, or wild edge cases) is a large risk and fear. And a single staking client is used by a majority of validators, which would be catastrophic if a critical bug revealed itself.
Luckily, these problems were foreseen, and some solutions are already nearly complete. For the issues listed above, the SSV network will be the first fix. SSV is trustless, decentralized, and non-custodial staking infrastructure that uses a multi-party computation scheme to split the operation of an ETH validator across multiple operators. Consensus is required between operators, which dramatically increases robustness and fault tolerance.
There are huge benefits of this. Most importantly, it reduces slashing risk to virtually zero (i.e. multiple operators would have to get slashed simultaneously). The effect is the same for attestations and proposals, where a validator will never miss its attestation duties, unless several operators go down at once. And it solves the ongoing staking client diversity problem because each validator will run on multiple clients simultaneously. These advantages are so significant that all major staking providers are expected to transition to this or another similar layer 0 infrastructure as their back-end.
This project, again called the Secret Shared Validators Network, is governed by a DAO using the governance token ($SSV), which was launched very recently. See the project website and the whitepaper for details. They have a functional testnet (that will be giving free SSV to testers) and will likely launch to mainnet in Q1 of 2022.
Another project, Obol Network, seems to be developing an identical secret shared validators network, but they do not yet have a roadmap, testnet, DAO, or any code that is public. Therefore, their launch seems like it will be far in the future, but they will be adding value nonetheless.
But the power and potential of ‘layer 0’ goes far beyond solving these existing staking problems. This infrastructure is flexible and extensible, and there will be many features and projects constructed upon them. For example, the SSV infrastructure can be augmented to natively allow decentralized, non-custodial staking pools that share the same benefits listed above. And transparent and fair MEV implementations can be constructed as another layer, which will prevent staking providers from using opaque MEV strategies that secretly steal users’ income.
Just like we saw an explosion of Layer 2 solutions, I believe we will also see the same for Layer 0. There is too much value for it not to be used, and the potential for innovation is so large that solutions will continue to appear on the scene over the coming year. This is an exciting time for Ethereum on all fronts. I hope you all follow every piece of the amazing network that this community is building together.
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2021.10.28 15:04 CreatureTech-PHX 1.8.1 Bug Megathread

Server Status @ status.playdauntless.com
We are working hard to quickly resolve live issues. For more help, contact support @ support.playdauntless.com
Please also keep an eye on the current tracked issues @ https://favro.com/organization/e5b8ad4a71148d7b5940992b/f86fee6bdc9be495922f7de2
- Phoenix Labs development team.
Greeting Slayers!
Welcome to the Bugs Megathread where you can report bugs that you encountered while playing Dauntless. With every patch, comes with unforeseen bugs that can find their way onto our airships and into gameplay. To avoid flooding the subreddit with similar issues, we are collecting all bug reports in this megathread to consolidated incoming reports. This will be the place to post all bug reports until a new Bugs Megathread is made. This is to provide both the developers and the community a thread focused solely on bugs.
Prerequisites before reporting a bug

  1. Provide screenshots or a videos capturing the bug if possible. This would help the devs validate the bug report
  2. Give as much information as you can. This helps the devs recreate bugs on their end and discover if the issue is localized to specific
  3. Knowing the session ID in which a particular bug occurred in would help as well.
How to Format your Bug
Every comment might not be addressed, but rest assured that the devs go through every single post. Before commenting, please aim to upvote comments that are the same or similar to an issue you have experienced in-case someone else has already posted.
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2021.10.28 15:04 michinori_ Hello everyone! What do you think of my piercing set up? Also, I'm worried that my rook isn't that straight (compared to photos I've seen) please enlighten me whether this has been pierced correctly! Also, anything you want to add to the set up? :)

Hello everyone! What do you think of my piercing set up? Also, I'm worried that my rook isn't that straight (compared to photos I've seen) please enlighten me whether this has been pierced correctly! Also, anything you want to add to the set up? :) submitted by michinori_ to Legitpiercing [link] [comments]


2021.10.28 15:04 mikesully92 Crypto.com problems??

Anybody else having problems purchasing Shib on Crypto.com app? Tryna get this sweet dip and they're fucking me
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2021.10.28 15:04 Ok_Economics_8284 Beginner

Want to start investing in funds, 20 years old, where shall I start?
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2021.10.28 15:04 Paradoxalotl “Rosy Cheeks” - a skull on a post I came across a few months ago.

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2021.10.28 15:04 Brave_SirRobin1 Can’t get enough !

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2021.10.28 15:04 CactusPlantBuddy Off-White Swim

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2021.10.28 15:04 oddmatter Sharing stats from Nike Training Club app

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2021.10.28 15:04 whenitpours3 Police aided illegal marijuana operation in Maine, feds say

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2021.10.28 15:04 MasterSkywalker_2341 Had fun until cylinder #3 had zero compression

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2021.10.28 15:04 madafakinbinger I am incredibly miserable and hate life

I really don’t have anyone to talk or more like I lack a non-judgmental support system. Truth is i have completely lost will to live, I don’t see the point of living and doing things. Nothing makes me happy. I am ungrateful for things i have. I used to care too much, and had panic attacks constantly, now i am kinda numb and i have been wishing for death for years now. I tried my best to keep pushing but I just don’t see the point. I don’t believe in anything, I don’t think i matter. I think i was put here just to suffer and stay miserable so I don’t cherish the life everyone tells me is so wonderful.
Frankly i am done and just waiting for my lofe to end, if it doesn’t end sooner I’ll stay miserable till i am 80 but I don’t think I’ll ever enjoy living
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2021.10.28 15:04 HEADStr So this time, i did it...

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2021.10.28 15:04 ACNHStrawberry Is it normal to not have hollyberry or pure vanilla at lvl 39?

I’ve been playing the game for 2 months and I haven’t got any of them yet 😩
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2021.10.28 15:04 Individual_Wrap_4981 I need some advice ..

If a man cheated on his wife that he has a child with and got the other girl pregnant and the wife chose to stay and she told him she supports him taking responsibility and doing what he needs to do but it is his responsibility but she she doesn’t have to be involved because she didn’t ask for him to do that but she’s accepting that they are there and he has to do what he gotta do .. is she wrong for that? Specially if neither of the females want anything to do with eachother they just want him to do what he got to do ..
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2021.10.28 15:04 GetRekta Crew-3 Falcon 9 static firing

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2021.10.28 15:04 BloodBatman [Rainbkw Six Esports YT] Remembering Michael 'KIXSTAr' Stockley

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2021.10.28 15:04 mrs_hammer15 Oils or herbs for blessing gifts?

I am new to embracing this journey, but I am loving learning everything I can about who I am as an empath and this community in particular. I’m looking for advice though with some things I’m creating. I’m currently embroidering Christmas gifts for a very good group of women who have been such a strong support system for me in my life this past year; each gift is customized (via symbols and messages) to the woman it’s intended for, and my intention is that it can bring strength, comfort, and blessings to them. I’d like to amplify their gifts prior to giving them, possibly with oils or herbs, and I’m wondering what can be used and the most appropriate way to use them.
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