RockX Partners with SSV Network

Published on: 22.12.2022
RockX Partners with SSV Network

RockX partners with SSV Network to develop Distributed Key Generation (DKG). First proposed in January 2022, the development of DKG for SSV Network will significantly enhance network security.

SSV Network supports decentralized staking infrastructure based on Secret-Shared-Validator (SSV) technology for running Distributed Ethereum Validators. It is designed for building high-performance, secure, and decentralized ETH staking applications.

In response to the fast-growing crypto industry in recent years, the partnership between RockX and SSV Network will help develop the necessary infrastructure to secure validators on the Ethereum network, especially in this post-merge, Proof-of-Stake Ethereum era.

SSV Network Background

SSV Network is designed for building high-performance, secure, and decentralized ETH staking applications. It is a fully decentralized, open-source ETH staking network, based on Secret Shared Validator (SSV) technology.

SSV is also known as DVT, or Distributed Validator Technology, as it provides an open and simple infrastructure for splitting and distributing a validator key into multiple KeyShares, for the purpose of running an Ethereum validator across multiple non-trusting nodes.

Running an Ethereum validator onSSV Network achieves active-active redundancy, introduces new levels of validator key security, and benefits the Ethereum network, staking pools, staking services, and solo stakers.

BENEFITS OF SSV NETWORK
Active-Active Redundancy & Fault Tolerance

In order for a validator to earn ETH rewards by signing data transactions, it must remain online and available. In the current Ethereum staking ecosystem, due to strict protocol rules, a validator must run on one node only and this presents a single point of failure.

Moreover, by splitting the validator key into multiple KeyShares and distributing those KeyShares to multiple nodes, if one node goes offline for routine maintenance or because of a problem, fault tolerance is achieved and the other nodes holding the rest of the KeyShares will respond to keep the validator operating. This results in a slashing-free, decentralized staking environment.

Non-Custodial & Secure ETH Staking

SSV allows the validator key to be generated, split into multiple KeyShares for distribution to non-trusting nodes, and then securely stored offline. Once the KeyShares are distributed to their respective nodes, they will operate the validator and sign data on behalf of the offline validator key. This offers a highly secure staking solution for users as they never have to hand over their validator key to any operators.

Decentralization & Diversity

Independent operators, located all over the world, provide the infrastructure for SSV Network and are responsible for maintaining its overall health. Each operator is free to choose the validator client(s) software. They will run their hardware infrastructure, while stakers are free to choose the independent operators that will run their validator(s). This increases the overall health of the Ethereum blockchain and further eliminates single points of failure and risk for stakers by allowing validators to run on multiple clients.

ABOUT RockX

RockX is a global blockchain node network for staking, data, and security. The team is equipped with a wealth of experience in mining, staking, protocol research, and infrastructure design. In recent years, the company has built access node APIs for popular Layer 1 and 2 protocols for developers. Helps companies seamlessly access and interact with blockchains.

Website | Twitter

ABOUT SSV Network

SSV Network is a fully decentralized, open-source ETH staking network, based on Secret Shared Validator (SSV) technology. SSV is also known as DVT or Distributed Validator Technology. It also provides an open and simple infrastructure for splitting and distributing a validator key into multiple KeyShares. For the purpose of running an Ethereum validator across multiple non-trusting nodes

Website | Twitter

RESOURCES

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