Decentralize Ethereum with SSV's new ecosystem fund; $50M has been dedicated to supporting projects using distributed validator technology. (Reporting via forgeforth_)
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, the core development lead at SSV, Ethereum is “currently secured by a small group of companies, which, when put together, control the entire blockchain.” He said the aim of DVT technology “is to distribute Ethereum’s security by offering quick and easy access to an open-source, public good which will completely change the way staking is operated today.
Did you know there are different types of consensus mechanisms in blockchain? Read about the pros and cons of proof-of-stake and proof-of-work:
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