🚀 SSV Network launches blockchain to decentralize Ethereum staking!

Staking services company ssv.network is releasing a blockchain aimed at decentralizing staking for Ethereum and other blockchains. The SSV mainnet uses Distributed Validator Technology (DVT) to counter concerns that staking is dominated by a few large participants.

Currently, centralized staking providers hold over 70% of the staked ether (ETH) supply, raising concerns in the crypto community. SSV Network aims to onboard more users who are wary of trusting single entities while avoiding the complex process of independent staking.

SSV's system, developed in collaboration with the Ethereum Foundation, allows sharing of a validator with multiple underlying operators responsible for creating blocks. The mainnet launch will see over 10 teams deploying their staking dapps on the network.

What do you think about this new approach to staking? Share your thoughts in the comments! 👇