Real-time SSV price analysis
The current price of ssv.network in real time is $32.80and its trading volume is equal to US$15,228,278 in the last 24 hours. SSV price has grew by
5.44%
on the last day and increased by
6.78%
in the last 7 days. It is important to note that the current market capitalization of ssv.network is US$327,994,277Speaking of revolving supplies, SSV has 10,000,000 coins. Currently, ssv.network’s market rating is #178.
ssv.network price today
34.11%
below
always on top and that’s it
1149.27%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling NNE are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is ssv.network (SSV)?
SSV is the native token of ssv.network, a platform that allows developers to create decentralized applications for ETH staking. It uses Secret Shared Validators (SSV) technology, which allows the Ethereum validator to operate in a distributed manner. The ssv.network price chart above displays the current (and previous) price of SSV. So be sure to check it out.
SSV, also known as distributed verification technology (DVT), splits the Ethereum validator key into four KeyShares. These KeyShares are then distributed across four untrusting nodes managed by operators. The consensus mechanism assigns nodes overall responsibility for performing validator tasks on Chain of lighthouses.
Istanbul Byzantine Fault Tolerance (IBFT) The algorithm serves as the basis for the SSV consensus layer. How it works? The algorithm randomly transmits information to other nodes about the validator node (KeyShare) responsible for proposing the block. A block is added to the chain once a predetermined KeyShare threshold confirms its validity. Additionally, since the protocol can quickly replace a disabled or faulty node with an active one, the performance of the validator is not affected. This way, SSV nodes do not need to trust each other to function.
By connecting individual nodes into a powerful, decentralized network that can outperform any single betting service in terms of reliability, uptime, and security, SSV minimizes risk and reduces the frequency of failures.
ssv.network consists of two layers:
- SSV Peer-to-Peer Layer. This is the execution layer that manages the validators on the network.
- Ethereum contract level. This is especially important for project management. The contract level is used to add new operators, create new validators, and distribute fees.
The ssv.network crypto project is regulated decentralized autonomous organization (DAO) called SSV DAO and SSV token holders. This means that project management is in the hands of the ssv.network community itself.
The main participants of ssv.network are:
- Operators. They are responsible for running the SSV node, which runs the validators.
- Stakers. By staking SSV tokens, users can own validators who are responsible for securing the network and creating new blocks.
- Liquidators. They are responsible for alerting stakers when their balances are insufficient to cover operator fees.
Purpose of SSV Tokens
Primarily, SSV tokens are used for control. This is so because only SSV token holders can participate in the decision-making processes of the SSV DAO.
However, ssv.network coins also serve mutual incentive system between operators and validators. To support their validators and receive ETH rewards on their behalf, operators earn SSV tokens from stakers, while stakers pay operators with SSV tokens and receive ETH payouts directly from the blockchain.
If you are looking to purchase ssv.network tokens, please be aware that the price of SSV may fluctuate. Most often this happens due to the volatility of the entire crypto market, which affects the price of ssv.network, as well as the prices of other crypto assets.
What is the trading volume of ssv.network in the last 24 hours?
SSV has trading volume US$15,228,278 in the last 24 hours.
What is the highest price ever for ssv.network?
SSV has the highest price $49.78which was achieved at February 27, 2023 (11 months 4 weeks ago).
What is the lowest price for ssv.network?
SSV has the lowest price US$2.63which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling SSV?
Currently the most active and dominant exchanges for buying and selling ssv.network are Binance, Kraken & Kucoin. The most popular ssv.network trading pairs NNE/WET
(on
Uniswap (V3)
),
SSV/USDT
(on
Gate.io
),
SSV/USDT
(on
WhiteBIT
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing SSV?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage ssv.network. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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