SSV.network hits mainnet to increase decentralization of Ethereum staking pools

DVT is envisaged to decentralized the present landscape of staking companies, which is presently dominated by a handful of ETH staking pools that command a considerable share of ETH locked in the ETH2 staking contract.Related: SSV introduces $50M environment fund to support ETH staking techAccording Muroch, the technology is a technique to validator security that spreads out crucial management and finalizing duties throughout multiple parties, reducing single points of failure and increasing validator resiliency.The technology divides a private secret used to secure a validator throughout a cluster of computers. ETH staking pools offered by Coinbase (8%) and Binance (4%) likewise command a substantial share of staked ETH. Source: Nansen ETH2 Deposite Contract.As SVV noted in an announcement marking the mainnet launch, centralized exchanges consisting of Coinbase, Binance and Kraken hold around 18% of the total staked ETH, while liquid taking swimming pools like Lido, RocketPool, Stader and Stakewise account for over 36% of the total market share.Liquid staking pools became hugely popular in the accumulation to Ethereums expected Shanghai upgrade in July 2023.

Thank you for reading this post, don't forget to subscribe!