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BlockchainReporter
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The respective Ethereum Validators attack the transfers made by MEV Bots, invalidate the respective transfers and put their transfers in their place #Ethereum #validator #hack #ETH https://blockchainreporter.net/malicious-ethereum-validators-reportedly-attack-mev-bots-transfers/
The respective Ethereum Validators attack the transfers made by MEV Bots, invalidate the respective transfers and put their transfers in their place

#Ethereum #validator #hack #ETH

https://blockchainreporter.net/malicious-ethereum-validators-reportedly-attack-mev-bots-transfers/
Solana Mainnet is experiencing a large forking event right now, validators are investigating to determine the network health, root cause and next steps. Transactions may fail right now. #solana #network #node #validator #dyor
Solana Mainnet is experiencing a large forking event right now, validators are investigating to determine the network health, root cause and next steps. Transactions may fail right now.


#solana #network #node #validator #dyor
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Haussier
Everstake has launched an official app in SAFE, a platform for managing digital assets regarded as one of the most trusted solutions in this area. #validator #cosmos #everstake #SAFE
Everstake has launched an official app in SAFE, a platform for managing digital assets regarded as one of the most trusted solutions in this area.

#validator #cosmos #everstake #SAFE
Ethereum Validators Earn $13 Million Amidst USDC Crisis Through MEVFlashbots, a company that provides software for MEV (Maximal Extractable Value), has reported that profits earned through MEV have more than doubled since the FTX crash. The collapse of Silicon Valley Bank (SVB) has significantly boosted the earnings of validators on Ethereum, with the stablecoin USDC’s loss of peg playing a vital role in this increase. MEV is the profit validators earn by adding or reordering transactions while creating new blocks. Instead of processing transactions in real-time on-chain, validators can prioritize orders with higher fees to earn a profit, similar to traditional market arbitrage. According to AZCoin News, after the US regulator shut down SVB, the USDC issuer confirmed that it still had $3.3 billion stuck in the bank. The announcement caused panic among users, with many selling or exchanging their USDC, causing the stablecoin to lose its peg. At that time, market demand for trading increased, and validators had more opportunities to earn MEV profits. On March 11, Flashbots’ MEV-Boost users earned the highest amount of 7,691 ETH, approximately $13 million. This figure is almost double the previous record high of 3,928 ETH recorded during the FTX incident on November 9. Although these statistics cannot be directly compared, the daily miner’s profit from mev-geth reached an all-time high of 6,397 ETH in June 2021. This is the profit of running mev-geth compared to a vanilla mempool mining client. To estimate the difference in payment for validators running mev-boost or not, one could examine the value of the mempool builder submitted (0xa1defa) and the winning block. One interesting thing is that about once a year, there are days with massive amounts of MEV, such as June 5, 2021 (6,397 ETH profit), June 13, 2022 (6,313 ETH profit), and March 11, 2023 (7,691 ETH payment to mev-boost proposers). During such times, competitive MEV markets and OFAs (on-chain flashbots auction) play an essential role in returning value to users. On March 12th, MEV profits significantly decreased to normal levels with MEV profits on Flashbots at 2,282 ETH. This was due to Circle’s announcement of compensating any shortfall in USDC reserve and the introduction of a new banking partner, Cross River Bank. As a result, the stablecoin was able to regain its 1:1 USD exchange rate and trading demand began to cool down. Toni Wahrstätter, an Ethereum researcher, expressed his joy that most of the MEV profits went to validators. “They are not the ones running complex algorithms and engaging in insider trading. They just happen to have the opportunity to earn money while securing the Ethereum network,” he said. In conclusion, MEV has become an important source of income for validators on Ethereum, with Flashbots playing a crucial role in providing software for these profits. While events like the SVB collapse and USDC’s loss of peg have contributed to MEV profits’ recent surge, competitive MEV markets and OFAs are vital for ensuring economic security during massive tail events. #ETH #Ethereum #MEV #validator #crypto2023 This article was republished from azcoinnews.com

Ethereum Validators Earn $13 Million Amidst USDC Crisis Through MEV

Flashbots, a company that provides software for MEV (Maximal Extractable Value), has reported that profits earned through MEV have more than doubled since the FTX crash. The collapse of Silicon Valley Bank (SVB) has significantly boosted the earnings of validators on Ethereum, with the stablecoin USDC’s loss of peg playing a vital role in this increase.

MEV is the profit validators earn by adding or reordering transactions while creating new blocks. Instead of processing transactions in real-time on-chain, validators can prioritize orders with higher fees to earn a profit, similar to traditional market arbitrage.

According to AZCoin News, after the US regulator shut down SVB, the USDC issuer confirmed that it still had $3.3 billion stuck in the bank. The announcement caused panic among users, with many selling or exchanging their USDC, causing the stablecoin to lose its peg.

At that time, market demand for trading increased, and validators had more opportunities to earn MEV profits. On March 11, Flashbots’ MEV-Boost users earned the highest amount of 7,691 ETH, approximately $13 million.

This figure is almost double the previous record high of 3,928 ETH recorded during the FTX incident on November 9. Although these statistics cannot be directly compared, the daily miner’s profit from mev-geth reached an all-time high of 6,397 ETH in June 2021.

This is the profit of running mev-geth compared to a vanilla mempool mining client. To estimate the difference in payment for validators running mev-boost or not, one could examine the value of the mempool builder submitted (0xa1defa) and the winning block.

One interesting thing is that about once a year, there are days with massive amounts of MEV, such as June 5, 2021 (6,397 ETH profit), June 13, 2022 (6,313 ETH profit), and March 11, 2023 (7,691 ETH payment to mev-boost proposers). During such times, competitive MEV markets and OFAs (on-chain flashbots auction) play an essential role in returning value to users.

On March 12th, MEV profits significantly decreased to normal levels with MEV profits on Flashbots at 2,282 ETH. This was due to Circle’s announcement of compensating any shortfall in USDC reserve and the introduction of a new banking partner, Cross River Bank. As a result, the stablecoin was able to regain its 1:1 USD exchange rate and trading demand began to cool down.

Toni Wahrstätter, an Ethereum researcher, expressed his joy that most of the MEV profits went to validators. “They are not the ones running complex algorithms and engaging in insider trading. They just happen to have the opportunity to earn money while securing the Ethereum network,” he said.

In conclusion, MEV has become an important source of income for validators on Ethereum, with Flashbots playing a crucial role in providing software for these profits. While events like the SVB collapse and USDC’s loss of peg have contributed to MEV profits’ recent surge, competitive MEV markets and OFAs are vital for ensuring economic security during massive tail events.

#ETH #Ethereum #MEV #validator #crypto2023

This article was republished from azcoinnews.com

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Haussier
Tips and Guides in Nodes Operations. These are very useful basic commands in Linux(Ubuntu): To know disk available storage: df -h To know ram memory: top -i free -h vmstat or apt install htop htop Go back home: cd Find list of directory: ls Update: sudo apt-get update Upgrade: sudo apt-get upgrade Clear terminal or stop processing. ctrl C When using notepad: (nano) To save and exit: ctrl s ctrl x or ctrl o type y ctrl x Recommended skills: Critical Thinking Skills You paste the command, you read what is said in the terminal. Not just copy and paste and you don't know what you are doing. Reading Comprehension. Follow instruction carefully. Nodes documentation are very messy sometimes. Don't just read. Think also. Able to use google and discord search. You may encounter many problems, most of the problems are in google, google is your friend ,copy the errors in the terminal, find the answer in google, most of the answer are in forums like stack overflow. You can also use discord search of the project you are with, ask the adminds/mods, people there or use discord search button. Most of the problems are already encountered many times of different users. Budget in VPS: Some projects will run on 1-2 weeks for testing. Some projects will run on 6 months to 1 year. Have a plan ahead, don't be hype, do your own research. Love what you are doing. You will troubleshoot your nodes aslong as it is running. Some nodes run 6 months to 1 year, I know you can handle it, if you love what you are doing. There will be different errors from time to time. Take lecture, make notepads, you're lucky enough if the project is answering questions, most project are not answering technical questions like nodes you need to figure out on you own. Thanks! Happy Learning in Nodes! I am not a financial advisor, not an investment expert or guru. I don't promise for returns. I am here for Web3 Education since 2017, let me share you my knowledge and skills for FREE. #Nodes #web3 #validator #Onchain #blockchain
Tips and Guides in Nodes Operations.

These are very useful basic commands in Linux(Ubuntu):

To know disk available storage:
df -h

To know ram memory:
top -i
free -h
vmstat

or
apt install htop
htop

Go back home:
cd

Find list of directory:
ls

Update:
sudo apt-get update

Upgrade:
sudo apt-get upgrade

Clear terminal or stop processing.
ctrl C

When using notepad: (nano)
To save and exit:
ctrl s
ctrl x

or
ctrl o
type y
ctrl x

Recommended skills:

Critical Thinking Skills
You paste the command, you read what is said in the terminal.
Not just copy and paste and you don't know what you are doing.

Reading Comprehension.

Follow instruction carefully.
Nodes documentation are very messy sometimes. Don't just read. Think also.

Able to use google and discord search.

You may encounter many problems, most of the problems are in google, google is your friend ,copy the errors in the terminal, find the answer in google, most of the answer are in forums like stack overflow.

You can also use discord search of the project you are with, ask the adminds/mods, people there or use discord search button.
Most of the problems are already encountered many times of different users.

Budget in VPS:
Some projects will run on 1-2 weeks for testing.
Some projects will run on 6 months to 1 year.
Have a plan ahead, don't be hype, do your own research.

Love what you are doing.
You will troubleshoot your nodes aslong as it is running. Some nodes run 6 months to 1 year, I know you can handle it, if you love what you are doing.
There will be different errors from time to time.
Take lecture, make notepads, you're lucky enough if the project is answering questions, most project are not answering technical questions like nodes you need to figure out on you own.

Thanks! Happy Learning in Nodes!
I am not a financial advisor, not an investment expert or guru. I don't promise for returns.
I am here for Web3 Education since 2017, let me share you my knowledge and skills for FREE.
#Nodes #web3 #validator #Onchain #blockchain
Validators’ protection with anti-slasher Babylon have partnership with Cubist to make Bitcoin staking — and restaking! — safe by design by fusing finality gadget with anti-slasher. What does this means? To protect honest validators, the Cubist key manager, CubeSigner, already tackles the unintentional-slashing and security challenges honest Ethereum validators face when managing keys (e.g., ensuring deposits and unstaking are secure). At a high-level, CubeSigner does this by using secure hardware to safeguard keys even during signing and by using a policy engine to enforce, for example, anti-slashing policies on all validator keys. The key manager with the built-in anti-slasher — which operators cannot disable — ensures that an attacker who compromises a validator machine can neither exfiltrate keys nor slash the validator. In the same way, it also prevents slashing due to validator client bugs or operational mistakes like running multiple validator clients with the same keys. Cubist is collaborating with Babylon to bring these same strong security guarantees to the Babylon ecosystem. As with Ethereum staking, adding first-class support for Bitcoin staking on Babylon to the CubeSigner key management platform. This means secure deposits, unstaking/unbonding, and block signing using Babylon’s extractable one-time signatures. It also means built-in anti-slashing: the key manager will, by design, refuse to sign two different messages for the same block height. Operators will be able to validate securely and without fear of slashing from the very start, since we’re collaborating with Babylon to integrate CubeSigner as a first-class, simple alternative to local keystores. Finally, Cubist is collaborating on the design of the Babylon finality gadget with anti-slashing in mind from the start. The  goal is to make anti-slashing simple. Simple means easy to get right, easy for CubeSigner to support, and easy for other (e.g., local) key managers to support, too. Read more here https://www.babylonchain.io/ #BTC #validator #Babylon
Validators’ protection with anti-slasher

Babylon have partnership with Cubist to make Bitcoin staking — and restaking! — safe by design by fusing finality gadget with anti-slasher.

What does this means?

To protect honest validators, the Cubist key manager, CubeSigner, already tackles the unintentional-slashing and security challenges honest Ethereum validators face when managing keys (e.g., ensuring deposits and unstaking are secure). At a high-level, CubeSigner does this by using secure hardware to safeguard keys even during signing and by using a policy engine to enforce, for example, anti-slashing policies on all validator keys. The key manager with the built-in anti-slasher — which operators cannot disable — ensures that an attacker who compromises a validator machine can neither exfiltrate keys nor slash the validator. In the same way, it also prevents slashing due to validator client bugs or operational mistakes like running multiple validator clients with the same keys.

Cubist is collaborating with Babylon to bring these same strong security guarantees to the Babylon ecosystem.

As with Ethereum staking, adding first-class support for Bitcoin staking on Babylon to the CubeSigner key management platform. This means secure deposits, unstaking/unbonding, and block signing using Babylon’s extractable one-time signatures. It also means built-in anti-slashing: the key manager will, by design, refuse to sign two different messages for the same block height. Operators will be able to validate securely and without fear of slashing from the very start, since we’re collaborating with Babylon to integrate CubeSigner as a first-class, simple alternative to local keystores.

Finally, Cubist is collaborating on the design of the Babylon finality gadget with anti-slashing in mind from the start. The  goal is to make anti-slashing simple. Simple means easy to get right, easy for CubeSigner to support, and easy for other (e.g., local) key managers to support, too. Read more here https://www.babylonchain.io/
#BTC #validator #Babylon
2023 has been a very busy year for CUDOS! Let's remember all the most important events that took place in the project👇 1) CUDOS have unveiled the long-awaited #roadmap for the CUDOS ecosystem. 2) CUDOS has officially touched down on #binanceus . Deposits and trade now available! 3) CUDOS is starting a partnership with Notionaldao , a leading software and #validator developer in the #Cosmos🥷 blockchain ecosystem! Along with the engineering work that Notional will be doing on the CUDOS blockchain, they will also join the CUDOS network as a validator to further protect and decentralise the #blockchain and bring their experience in operating #nodes in CUDOS. 4) The CUDOS blockchain has been recognised in the keplr wallet. While this update may appear modest, the improved user experience lays the groundwork for more substantial developments. It signals our commitment to creating a frictionless environment for our users. 5) This year, CUDOS has been focused on launching a platform to be launched in January called CUDOS Intercloud. It offers full functionality in a distributed manner. It's a multi-chain solution, initially available on our CUDOS chain. Later, it will support Cosmos, followed by #EVM chains. 6) And of course CUDOS CEO Matt Hawkins held an AMA session where he answered questions from the community and revealed plans for 2024: https://link.medium.com/0bKo7inkdGb In 2024, I expect the decentralised cloud computing trend to gain popularity and a large number of people to start turning to CUDOS. The token value will grow and the ecosystem will further develop. Learn more: https://www.cudos.org/
2023 has been a very busy year for CUDOS!
Let's remember all the most important events that took place in the project👇

1) CUDOS have unveiled the long-awaited #roadmap for the CUDOS ecosystem.

2) CUDOS has officially touched down on #binanceus .
Deposits and trade now available!

3) CUDOS is starting a partnership with Notionaldao , a leading software and #validator developer in the #Cosmos🥷 blockchain ecosystem!

Along with the engineering work that Notional will be doing on the CUDOS blockchain, they will also join the CUDOS network as a validator to further protect and decentralise the #blockchain and bring their experience in operating #nodes in CUDOS.

4) The CUDOS blockchain has been recognised in the keplr wallet. While this update may appear modest, the improved user experience lays the groundwork for more substantial developments. It signals our commitment to creating a frictionless environment for our users.

5) This year, CUDOS has been focused on launching a platform to be launched in January called CUDOS Intercloud. It offers full functionality in a distributed manner. It's a multi-chain solution, initially available on our CUDOS chain. Later, it will support Cosmos, followed by #EVM chains.

6) And of course CUDOS CEO Matt Hawkins held an AMA session where he answered questions from the community and revealed plans for 2024: https://link.medium.com/0bKo7inkdGb

In 2024, I expect the decentralised cloud computing trend to gain popularity and a large number of people to start turning to CUDOS. The token value will grow and the ecosystem will further develop.

Learn more: https://www.cudos.org/
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