The cryptocurrency Obol refers to the native token of the Obol Network (or Obol Collective).
The Obol Network is a decentralized staking infrastructure protocol that utilizes Distributed Validator Technology (DVT) to enhance the security, reliability, and decentralization of Ethereum.
The OBOL token has several functions within the Obol Network ecosystem:
* Governance: It is used as a tool for the community to participate in the construction and development of the decentralized staking network.
* Utility: It is essential for the operation of the network and can be used to reward participants.
In summary, the cryptocurrency Obol (OBOL) is the digital asset that powers and governs the Obol Network, a platform focused on making Ethereum staking more decentralized and resilient.
