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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RockX, one of Singapore’s leading crypto staking firms, has been recognized by Staking Rewards as a Verified Staking Provider. Offering non-custodial staking services for all major Proof-of-Stake public blockchains, RockX one of only 22 providers globally that have applied for & successfully obtained verification at this time. Of this total, just four are based in Asia.

Founded in 2017, Staking Rewards has become the foremost authority on research within the staking industry. Currently tracking and publicising data for 226 of the world’s largest staking providers. The organisation is well positioned to disseminate unbiased information about industry standards, protocols, & practices.

Staking providers that wish to be verified under Staking Rewards’ Verified Provider Program must undergo a series of due diligence assessments measuring four areas of operation: reliability, security, accountability, and liability. This builds a layer of transparency between investors and staking providers, allowing the former to look beyond considerations like branding and reputation and make data-driven decisions about where and with whom to stake their crypto assets.

About RockX

RockX, Asia’s one-stop gateway to Web 3.0. The team 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 to seamlessly access and interact with blockchains.

With over USD 900 million worth of tokens staked, RockX is one of Asia’s leading staking platforms. Focusing on serving institutional and high net-worth clients globally to compound their returns on cryptocurrencies, RockX is always open to collaborating with synergistic partners & innovative Web 3.0 projects, ultimately helping to build the decentralised financial ecosystem. Recently, it has forged collaborations with prominent firms like Lido, SSV Network, Cronos, and Amber Group.

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About Staking Rewards

Staking Rewards a central information hub and leading data aggregator for cryptocurrency staking.

Founded in 2017, the company provides insights and investment tools for private and institutional investors through live staking market data, simplifying portfolio & calculator tools, and deep research analysis about the staking industry.

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