Secret Shared Validators (SSV) Network (Previously Blox) is a secure way to split an Ethereum validator key between non-trusting node instances (or operators). The validator key is split such that no node must trust the other to function, a certain number can go offline without affecting validator performance, and no single node instance can take unilateral control of the validator.
POS blockchains participants can choose decentralization for their own security and the network’s health as a whole. SSV Network allows network participants to securely operate distributed validators across the POS stack without compromising on accessibility, performance and cost.
The project aims to serve as a public good that allows anyone to access a network of node operators to trustlessly distribute their validator across multiple service providers, cloud instances, clients and geographies.
SSV is SSV Network's native utility token and is used in the following functions:
Governance: SSV token holders can vote on network governance decisions.
Staking fees: Node operators can define the staking pool fees (paid in SSV tokens), which will define the split between the SSV DAO and the pool operator.
As at December 15th 2021, the total supply of SSV is 10,592,675 and the current circulating supply is 100%.