SSV Network said it will launch the blockchain that helps make staking fully decentralized for Ethereum and other blockchains, Coindesk reported.
While this protocol's emphasis on exchange-based staking caused increased concerns of the crypto community, the decentralization move from SSV was welcomed and had a positive impact on the price.
Ssv.network protocol founder Alon Muroch said:
“Together with partners and community, SSV Network can pioneer a new paradigm for Ethereum staking.
“Our goal is to engage more users who would otherwise be wary of trusting single assets and would not want to go through a relatively complex staking process independently.”
After the news, SSV Network's token, SSV, increased by 5%.
*This is not investment advice.
