Nimbus v1.0.8 release and Rocket Pool integration

Nimbus v1.0.8 release and Rocket Pool integration

on Mar 05, 2021

If you want to try your hand at using Nimbus with Rocket Pool, we recommend checking out this wonderful guide by Joe Clapis (note it is addressed to Pi users and very much a WIP).

Last week we cut our v1.0.8 release.

Improvements include:

  • Improved libp2p scoring (we now disconnect you from badly performing peers and prioritise peers with better latency and throughput)
  • Inclusion of next attestation time on every Slot end log message (to make sure you miss as few attestations as possible on node restarts).
  • A fix to a rare crash triggered when connecting to a web3 provider using a secure web socket, a couple of JSON-RPC spec violations  (we fixed a bug in the json module used to read eth1 data which could have allowed a malicious eth1 provider to crash Nimbus), and two stale bootstrap node addresses.

With this release Nimbus is officially ready for Rocket Pool's final Beta (exact date tbd).

This is something we are particularly excited about.

“If you want a system that’s as hard to break as bitcoin, you need a ton of independent PoS keys.”

This is why decentralised staking pools like @Rocket_Pool are so important.

— Sacha Saint-Leger 🎗️ (@ssaintleger) February 3, 2021

We believe decentralised staking pools like Rocket Pool (and DappNodeDAO, which will be launching later this year) are essential to ensuring Ethereum's future as an unbreakable and censorship-resistant system.

As it stands, the combination of large exchanges acquiring small providers (a trend which we believe is set to continue), exchanges offering risk-free custodial staking (this will probably only get worse with free staking), and the cost of independent staking becoming prohibitively expensive for most (at time of writing it costs almost $50,000 to run a validator) has created a perfect storm for validator centralisation.

0/The @coinbase acquisition of @BisonTrails started me thinking this could be the 1st step toward a decentralized staking doomsday scenario 💀 In which...

Full article @viamirror 👇

tl;dr for Friday afternoon attention spans below 👇

— ©hris ℞emµs ~pattev-libdur (@cjremus) January 22, 2021

If we're not careful, we may end 2021 with an Ethereum which devolves to consensus by large exchanges. In other words, a successful re-invention of the existing system from a centralisation of power perspective.

With Coinbase staking around the corner, here is one data point which highlights just how important the coming months will be:

16.4% of Kraken's 2.8M ETH stakes

if 16.4% of Coinbase's 8.5M ETH stakes they control ~40% of the validators

stake from home, if you can :)

— Justin Ðrake (@drakefjustin) February 17, 2021

The team has proven itself to be well-aligned with Ethereum's philosophy and culture.

Strong evidence of this is the fact that they've waited for the implementation of smart contract withdrawals before launching -- this ensures they are a truly non-custodial protocol right from the get go.

Eth2-spec PR 2149 has been merged, it allows for eventual withdrawals from Eth2 to currently known smart contracts. This is an exciting event for people who are looking forward to trustless staking pools built on smart contracts. It's time for the Rocket to launch baby!

— superphiz (@superphiz) February 16, 2021

While we await precise details of the governance structure, we are also encouraged by their plans to hand over control of the protocol to a DAO – a DAO which we hope to be a part of.

If you want to try your hand at using Nimbus with Rocket Pool, we recommend checking out this wonderful guide by Joe Clapis (note it is addressed to Pi users and very much a WIP):

If you'd like to learn more about Rocket Pool, we recommend reading the following resources:

We'll be adding a couple of guides to our documentation ( shortly.

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