coin icon

ssv.network Price

(SSV)

$1.998
0.00%(5m)

1m5m15m1h8h1d1W
ssv.network (SSV) Live Price Chart

    ssv.network Live Price Data

    ssv.network is currently trading at 1.998, with a 24-hour trading volume of --. Over the past hour, the price of ssv.network changed by -0.24%, and over the past week, its value in dropped by -3.05%. The circulating supply of ssv.network is 16,008,816 SSV, with a market cap of 0 , down -0.24% in the last 24 hours. ssv.network is ranked #548 by market cap.

    How do you feel about SSV today?

    Note: This data is for reference only.
    pk

    SSV(SSV) Profile

    altRank548
    rateB
    Expand
    $1.994
    $2.02

    ATH
    $65.93224832
    Price Change (1h)
    -0.44%
    Price Change (24h)
    -0.24%
    Price Change (7d)
    -3.05%
    Market Cap
    24h Volume
    Circulating Supply
    16,008,816
    Max Supply
    --

    About ssv.network

    • What Is SSV Network (SSV) Crypto?

      SSV.Network is a decentralized, open-source network that can build high-performance, secure Ethereum-staking dApps. The protocol utilizes Secret Shared Validators (SSVs) or Distributed Validator Technology (DVT), an open and straightforward infrastructure for splitting and distributing a validator key into multiple KeyShares for secure, high-performance, and decentralized ETH staking applications.

      SSVs form the network’s core, providing a secure and robust way to split a validator key for ETH staking between non-trusting nodes or operators. Any user can run an Ethereum validator node on SSV.Network conveniently by eliminating the need for a centralized validator. In its place, the network helps create a distributed validator, increasing the overall security and decentralization of the Ethereum PoS network.

      SSV Network supports various staking applications, including Staking Pools, Staking Services, Solo Stakers, DAOs, Institutional Staking, Bridges, Shared Validators, and Slashing protection. The project offers developers a flexible infrastructure to create decentralized staking applications.

      SSV, a ERC-20 token on Ethereum, is the native token of the SSV.Network, and is required for using the network and its services, making payments, and generating rewards. It also serves as the governance token, allowing token holders to submit proposals and vote on others’ proposals about the future evolution of the SSV Network.

    • How Does SSV.Network Work?

      The SSV.Network serves as a middle layer between a beacon node and a validator client on the Ethereum network. It consists of the following key components:

      Distributed Key Generation

      An SSV instance operator can calculate and generate a shared public and private key set. Each participating operator owns a portion of the private key for true decentralization, preventing any single operator from taking over the entire private key.

      Shamir Secret Sharing

      A predefined threshold of KeyShares can help reconstruct a validator key using this process. While individual KeyShares cannot sign a duty, the system also allows for some faulty KeyShares.

      Multi-Party Computation (MPC)

      MPC on secret sharing lets SSV’s KeyShares be distributed among operators securely. This process also ensures decentralized computation of validator duties without reconstructing the validator key on a single operator’s device.

      Istanbul Byzantine Fault Tolerance (IBFT) Consensus

      SSV Network utilizes an IBFT consensus algorithm to randomly select a validator node to propose new blocks and update other network participants. The predefined threshold of KeyShares determines whether the block is valid before it gets added to the blockchain.

    • History of SSV Network and SSV Coin

      SSV.Network’s public testnet was launched in April 2021, mainly to test the consensus mechanism used to function as an Ethereum validator. The project was initially called Blox Staking and received a grant from the Ethereum Foundation to develop Secret Shared Validators (SSVs) for Ethereum 2.0. It was later renamed to SSV.Network.

      The project was forked to create SSV.Network V2 in April 2022. Network V2 fixed the number of validator subnets at 129, unlike the previous version, where each new validator created a new sub dynamically.

      The Shifu SSV testnet V2 went live in August 2022, with several upgrades on validator and operator management, smart contract functionality, SSV fee payment, and more. Shifu V2, the new version of the SSV node, was announced in February 2023, letting all network nodes participate in duties used in Ethereum’s consensus.

      In March 2023, the team announced the most recent iteration of their public testnet Jato. As of April 2023, this is the latest version of the network (testnet V3) and is the mainnet candidate of SSV.Network.

    FAQ

    • How much is 1 ssv.network (SSV) worth?

    • Is SSV.Network a Good Investment?

    • What Is the SSV.Network Crypto Price Prediction?

    • How to Use SSV Token

    • How to Earn on SSV.Network

    • Who Are SSV.Network’s Partners?

    • What is the all-time high price of ssv.network (SSV)?

    • What is the all-time low price of ssv.network (SSV)?

    • How much ssv.network (SSV) is there in circulation?

    • How do I store ssv.network (SSV)?