BlocksInform
Validator of the ssv infrastructure.The network launched a new ecosystem fund to support decentralization of evidence of issues – a measure that, according to society, would foster innovation around ether sequencing technologies ().
The $50-million Ecosystem Fund will support projects to develop applications using distributed validation technology, or DVT, the corporation announced on January 1. 17. the fund is earmarked exclusively for the support of DVT use cases in support of the Office's long-term decentralization efforts.
Dvt is an open-source protocol that makes it possible to distribute the responsibilities of a validator over several nodes. The protocol was a key component of Ethereum co-founder Vitalik Buterin’s roadmap for Eth 2.0, as more DVT implementation means more decentralization.
Ssv noted that a number of venture capitalists - including the digital money group, hashkey, ngc, everstake, gsr and sevenx - have encouraged the use of dvt by Ethereum.
The evidence suggests that the blockchain industry appears to be on the road to stabilization. https://t.co/GJIDiZAFe0
— Cointelegraph (@Cointelegraph) January 12, 2023
SSV said it had already pledged $3 million toward developer grants and that $1.2 million has been allocated to over 20 proof-of-stake projects, including Blockscape, ANKR and Moonstake.
According to Alon Muroch, SSV's lead developer, Ethereum is "currently secured by a small group of companies, which, once put together, control the whole blockchain." He stated that the purpose of DVT technology 'is to distribute the security of Ethereum by providing quick and easy access to an open source, It will completely change the way staking works today."
Related: ETH staking on top exchanges contributes to Ethereum censorship: Data
Ethereum’s transition to proof-of-stake is a multi-phased process designed to enhance the network’s scalability, security and decentralization. The transition introduces sequencing, where users play an active role in the validation of transactions. The minimum requirement to become an Ethereum validator is 32 EPF.
Did you know that the blockchain has different types of consensus mechanisms? Read about the pros and cons of proof-of-stake and proof-of-work: https://t.co/jqlPEENlRw
— Cointelegraph (@Cointelegraph) January 16, 2023
At the beginning of December, the demand for cash EPF staking was up. Blockchain analytics firm Nansen referred to staked ETH as the “first yield-bearing instrument to reach significant scale in DeFi."
