<\/p>\n
Decentralized staking infrastructure SSV.network revealed that it will launch its mainnet in a bid to bring distributed validator technology to life.<\/p>\n
In proof-of-stake networks, validators are responsible for locking in \u201cstakes\u201d to participate in the process of securing and adding new blocks to the blockchain.\u00a0<\/p>\n
Ethereum stakers, for example, need to lock in 32 ether in order to become a validator. For stakers who do not have 32 ether, they can turn to liquid staking providers to participate in network activities.\u00a0<\/p>\n
Today, most liquid-staked ether (ETH<\/a>) is held by a handful of players \u2014 most prominently, Lido, which holds over 32%<\/a> of the entire staking market share.\u00a0<\/p>\n Centralized exchanges such as Binance, Coinbase and Kraken also possess a large slice of the cake, making up roughly 19%<\/a> of staked ETH in the ecosystem.<\/p>\n Enabling DVT would allow one validator to be run by multiple nodes, according to Blockworks research analyst Westie<\/a>.<\/p>\n \u201cThis helps decentralize the staking infrastructure and helps keep uptime because only one node needs to be online and allows for more flexibility behind how validators are constructed,\u201d he said.<\/p>\n In the case of SSV.network, each validator node would be run by a rotating set of registered operators governed specifically by SSV smart contracts.<\/p>\n Ten different staking dapps will be deployed on SSV at its mainnet launch. These include Stader, Ankr, Stakestar, 01node, Metapool, StakeTogether, XHash, Chainup, Coindelta and Claystack.\u00a0<\/p>\n \u201cTogether with the partners and the community, SSV Network can usher in a new paradigm for Ethereum<\/a> staking,\u201d Alon Muroch, protocol lead at SSV said in a press statement. \u201cOur goal is to onboard even more users who would be otherwise wary of trusting single entities, while not wanting to go through the relatively complex process of staking independently.\u201d<\/p>\n Get the day\u2019s top crypto news and insights delivered to your email every evening.\u00a0Subscribe to Blockworks\u2019 free newsletter<\/a>\u00a0now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can\u2019t-miss tweets and more from\u00a0Blockworks Research\u2019s Daily Debrief<\/a>.<\/strong><\/p>\n Can\u2019t wait? Get our news the fastest way possible.\u00a0Join us on Telegram<\/a>\u00a0and follow us on\u00a0Google News<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Decentralized staking infrastructure SSV.network revealed that it will launch its mainnet in a bid to bring distributed validator technology to life. In proof-of-stake networks, validators are responsible for locking in \u201cstakes\u201d to participate in the process of securing and adding new blocks to the blockchain.\u00a0 Ethereum stakers, for example, need to lock in 32 ether […]<\/p>\n","protected":false},"author":2,"featured_media":157775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-157774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157774"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157774\/revisions"}],"predecessor-version":[{"id":157781,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157774\/revisions\/157781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157775"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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