What is SSV Network? SSV Network is an infrastructure platform that addresses security and decentralization on the Ethereum network. So, what is special about SSV Network? Everyone, let’s find out in the article below.
To better understand SSV Network, people can refer to some of the articles below:
- What is Distributed Validator Technology (DVT)? Overview of New Ethereum Technology
- What is Lido Finance (LDO)? Overview of Lido Finance Cryptocurrency
- What is Rocket Pool (RPL)? Overview of Rocket Pool Electronic Turning
- What is Ethereum? All About Ethereum
Overview of SSV Network
What is SSV Network?
SSV Network is a platform that supports users and developers to deploy Validator on Ethereum based on Distributed Validator Technology (DVT). With DVT technology, it allows the Validator Key to be divided into many Key Shares and then sent to many different computers to run the Validator on many different nodes without needing to trust the nodes.
Basically imagine SSV Network as a connection between people who specialize in operating Validator and those who want to operate Validator but are not professional, do not have experience, hardware, worry about security,…
It can be said that SSV Network is one of the leading projects in the field of Distributed Validator Technology to completely solve the problem of centralization in staking on the Ethereum network today.
The benefits that SSV Network brings
Some of the benefits that SSV Network brings to the staking space include:
- Fault tolerance: With DVT technology, Validators completely operate normally in the context of some nodes being offline, having software or hardware problems,…
- Participate in staking Safe ETh: Dividing the Validator Key into many Key Shares makes it so that no one node holds the full Validator Key, so the user’s ETH is definitely safe and secure.
- Decentralization: SSV Network Operators are located all over the world with diverse hardware.
Some components participate in SSV Network
The SSV Network includes a number of members such as Stakers, operators & DAOs:
- Stakers: It can be an individual or organization leveraging SSV/DVT technology to deploy a Validator in a secure, decentralized and safe manner.
- Operators: Operators will provide hardware infrastructure, deploy SSV Network and be responsible for maintaining Validator operations. Fees on the platform will be paid in SSV, this fee comes from the Operators’ collection from Stakers when helping Stakers operate and maintain authenticators.
- KNIFE: DAOs are individuals, organizations,… that hold SSV and will participate in governance of the protocol and Treasury of the SSV Network.
Development Roadmap
SSV Network is in the final steps towards decentralizing its protocol as it has undergone many upgrades and tests.
Investor
- February 8, 2022: SSV Network successfully raised $10M with the participation of Digital Currency Group, Coinbase, Lukka, OKX Ventures,…
Core Team
Update…
Tokenomics
Information about tokens of SSV Network
- Project name: SSV Network
- Code: SSV
- Classification: ERC 20
- Blockchain: Ethereum
- Smartcontract: 0x9d65ff81a3c488d585bbfb0bfe3c7707c7917f54
- Total supply: 11,076,871
Token Allocation & Release
Update….
Token Use Case
SSV will have several features including:
- Participate in project administration.
- Is the fee paid for operations by Node Operators.
Exchanges
Currently, users can trade SSV on a number of exchanges such as Binance, Bitget, Gate.io, OKX, MEXC,…
Project Information Channel
Summary
SSV Network is one of the projects expected to solve the problem of decentralization on Ethereum. Hopefully through this article, everyone can understand more about what SSV Network is?
