We are excited to announce our new partnership with SSV Network, a fully decentralized, open-source, and trustless DVT Network that provides a reusable infrastructure solution for decentralizing Ethereum validators.
When a validator is created, the validator key, a BLS12–381 key pair, is generated. According to the current industry standard, the validator key must always be online to perform network duties by signing data transactions every ~ 6.4 minutes (an “epoch”). There are connectivity and security challenges for even the most sophisticated users when keeping the validator key online and available.
DVT(Distributed Validator Technology) is to run an Ethereum validator on multiple non-trusting nodes. This technology could allow for the distribution of ETH validators’ operations among these non-trusting nodes to significantly enhance the decentralization of the Ethereum validator layer.
SSV Network is the implementation of DVT Network. It allows a validator’s private key to be encrypted, split, and distributed to nodes so that no single node operator has to trust another to perform validator duties. This enables a certain number of nodes to be offline without affecting network performance and preventing operators from making unilateral decisions on behalf of a validator. The result is a decentralized, fault-tolerant, and highly secure approach to staking on Ethereum.
About SSV Network
The ssv.network is a fully decentralized, open-source, and trustless DVT Network that provides a reusable infrastructure solution for decentralizing Ethereum validators.
The protocol supports Ethereum’s validation layer by distributing validator operations to the network’s multiple non-trusting nodes (a.k.a Operators). Clusters of operator nodes operate validators on behalf of the staker and simultaneously help solve the fundamental issues of centralization, redundancy, and security that exist within Ethereum’s PoS consensus.
HashQuark is a world-leading blockchain staking service provider. As a core member of HashKey Group, we support most mainstream public chains with native staking services and liquid staking services. HashQuark is committed to providing safe and reliable services for global blockchain users and developers to promote the development and application of blockchain technology.