$SSV
The ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. This is achieved by splitting a validator key between four or more non trusting node instances (‘multi-operator node’). The nodes are collectively tasked with executing the validator's duties under a consensus mechanism. In simple terms, the protocol transforms a validator key into a multisig construct governed by a consensus layer.
The unique protocol improves robustness, liveliness and fault tolerance of nodes across the Ethereum ecosystem. Distributing validator keys between node instances suggests a major leap forward comparing to existing staking schemes who fall short when it comes to:
Validator keys can be stored offline‘Active to active’ redundancyNode instances customizabilityThreshold signature schemeEthereum decentralization
The idea began as a research piece introduced by the Ethereum Foundation in 2019. It has since been developed into a DAO (Decentralized Autonomous Organization) community governance model with a growing network of stakers, developers, and node operators. At the time of writing, SSV Network secures over 1.4M ETH staked, with over 1,000 globally decentralized node operators.
ssv.network Price Live Data
The live ssv.network price today is $8.38 USD with a 24-hour trading volume of $28,048,754 USD. We update our SSV to USD price in real-time. ssv.network is down 10.74% in the last 24 hours. The current CoinMarketCap ranking is #316, with a live market cap of $104,954,301 USD. It has a circulating supply of 12,518,636 SSV coins and the max.
