Fellow Coinstorers,
Coinstore will list SSV(SSV.Network) and open SSV/USDT trading pair.
Details are as follows：
Total supply: 11,012,871
Circulation: 10,000,000
Official Website: https://ssv.network/
Whitepaper: https://docs.ssv.network/learn/readme
Block Explorer: https://etherscan.io/token/0x9D65fF81a3c488d585bBfb0Bfe3c7707c7917f54
Introduction:
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’ redundancy
- Node instances customizability
- Threshold signature scheme
ssv.network is the first public implementation of the SSV primitive, which originated as a research piece by the Ethereum Foundation back in 2019 and since then has grown to a DAO governed, community driven network of stakers, builders and node operators.
ssv.network is rapidly approaching mainnet. Scheduled for the beginning of 2022, the genesis implementation of the Decentralized Staking Infrastructure will be focused on Ethereum, afterwhich, the network is expected to expand to other POS chains.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Team
26 Feb, 2024
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