Thread by @Sky_ranker

Today we are going to talk about @ssv_network – Build by @AmMuroch & @adamefr in 2020 Q2.

- What is SSV & DVT?
- Why important to ETH 2.0?
- DVT & @eigenlayer
- DVT & MEV

Let’s dive in 👇

https://twitter.com/Sky_ranker/status/1563239119643238403

Secret Shared Validators (SSV), or Distributed Validator Technology (DVT), is the first protocol that encrypts a validator key and splits it into KeyShares. These KeyShares are distributed to non-trusting nodes run by operators, fault-tolerant for Ethereum staking.

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We know that ETH 2.0 is going to change the consensus form PoW to PoS to verify transaction via staking. In order to be more decentralized, we need more nodes to participate. But if there is a node faces some security or off-line risk, the node will be penalized.

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SSV solves this problem by distributing node across the network. We know how expensive it is to be a node, 32 ETH um.. high price. However, SSV helps us distribute these ETH to many different validators to prevent off-line & security risk, which is beneficial to the node.

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We discussed the concept of “The Restaking collective”& “chain-in-chain” in @eigenlayer thread. EigenLayer depending on the ETH staked to increase their trust layer to solve the security and scaling limits.

SSV + EigenLayer -> To solve nodes off-line risk🔥🔥

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Since DVT technology involves validators (can sequence or reorganize of the block), there will be have an opportunity for MEV. However, #flashbots working on mitigating the negative externalities of Maximal Extractable Value (MEV) extraction techniques.

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