Staking Provider P2P.org Will Introduce DVT Following Partnership With SSV.Network

P2P.org, the non-custodial staking provider which boasts thousands of institutional clients, has announced a partnership with SSV.Network. SSV is known for its development of Distributed Validator Technology (DVT) which provides redundancy and greater security for Ethereum validators. In doing so, this technology increases decentralization by expanding the available validator set and making individual validators more resistant to attack.

P2P.org is one of the largest non-custodial staking players within the cryptocurrency industry. More than $2.2 billion in assets are staked with P2P.org by around 64,000 clients. The likes of CoinList, Kosmos, and KR1 stake with P2P.org, whose infrastructure makes it easier to interact with the Ethereum network for the purposes of staking. SSV.Network will now integrate its DVT Staking API, allowing institutions to enjoy greater security and reliability when staking.

DVT Comes of Age

Distributed Validator Technology (DVT) is a term that’s routinely now cropping up in the context of Ethereum staking. While the benefits it brings to stakers are broadly understood, there is less understanding about how it actually works. Essentially, DVT is a solution for splitting the private key that controls an Ethereum validator into parts and assigning control of them to separate node operators. That way many nodes can control a single validator.

Why is this desirable? For one thing, it means a validator can still be accessed if a single operator loses access to their key. At the same time, an attacker requires multiple keys to assume control of a validator. There are other benefits to this arrangement, however, such as the fact that with more nodes running a validator, uptime and responsiveness is maximized. As a result, there is less chance of a validator being penalized for going offline.

SSV Prepares for Mainnet

SSV is rolling its network out in stages. It’s now nearing its mainnet launch, whereupon further partnership announcements are expected as its DVT Staking API is integrated to staking protocols. The API operates as a bridge, making it easy for node operators to access DVT staking without introducing significant complexit

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Author: CryptoDaily

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