SSV Network （SSV） is a decentralized protocol designed to enhance the robustness, liveliness, and fault tolerance of nodes within the Ethereum ecosystem by distributing validator keys among multiple node instances.
Points
- SSV Network enhances node security and fault tolerance within the Ethereum ecosystem.
- Validator keys are distributed among node instances, reducing single points of failure.
- SSV Network is managed by a DAO and is the first public implementation of the SSV primitive.
- The protocol supports offline storage of validator keys and provides ‘active-to-active’ redundancy.
The SSV Network （Secret Shared Validators） is a decentralized protocol aimed at significantly improving the robustness, liveliness, and fault tolerance of nodes within the Ethereum ecosystem. This is achieved by distributing validator keys among multiple node instances.
Validator keys in traditional staking setups are often stored online, which can expose them to various attack vectors. SSV Network addresses this issue by allowing validator keys to be split and shared across different nodes, ensuring that no single node can unilaterally control the validator. This architecture not only enhances security but also provides redundancy, ensuring that a certain number of nodes can go offline without impacting the overall validator performance.
Key Features of SSV Network:
– Offline Storage of Validator Keys: Validator keys can be stored offline, with only encrypted “Shared Keys” kept online, thus minimizing exposure to attacks.
– Active-to-Active Redundancy: Independent node instances operate simultaneously, managing validator keys without increasing risk.
– Customization and Flexibility: Users can customize node instances, benefiting from the threshold signature scheme and infrastructure flexibility.
SSV Network is the first public implementation of the SSV primitive, which originated from a 2019 research piece by the Ethereum Foundation. It has since evolved into a community-driven network managed by a decentralized autonomous organization （DAO）. This structure ensures that the network remains resilient and adaptable to changes and innovations within the ecosystem.
How to Buy SSV Coin?
To purchase SSV Coin, you need to join a cryptocurrency exchange like Binance. After registering and sending fiat money, you can buy SSV by trading it for BUSD, Ethereum （ETH）, or Bitcoin （BTC）.