SSV Network (SSV)
Decentralized Staking Infrastructure for POS Networks.- Secret Shared Validators (SSV) Network (Previously Blox) is a secure way to split an Ethereum validator key between non-trusting node instances (or operators). The validator key is split such that no node must trust the other to function, a certain number can go offline without affecting validator performance, and no single node instance can take unilateral control of the validator.
- POS blockchains participants can choose decentralization for their own security and the network’s health as a whole. SSV Network allows network participants to securely operate distributed validators across the POS stack without compromising on accessibility, performance and cost.
- The project aims to serve as a public good that allows anyone to access a network of node operators to trustlessly distribute their validator across multiple service providers, cloud instances, clients and geographies.
- SSV is SSV Network's native utility token and is used in the following functions:
- Governance: SSV token holders can vote on network governance decisions.
- Staking fees: Node operators can define the staking pool fees (paid in SSV tokens), which will define the split between the SSV DAO and the pool operator.
- As at December 15th 2021, the total supply of SSV is 10,592,675 and the current circulating supply is 100%.