Little-Known Ethereum Staking Altcoin Defies the Market and Surges Nearly 60% This Week Ahead of ETH 2.0 Merge

An under-the-radar altcoin focused on Ethereum (ETH) staking applications has surged ahead of the ETH 2.0 upgrade.

The SSV Network (SSV) is a decentralized open-source staking network, which we proudly describe as being designed to build a high-performance, secure, decentralized ETH staking application.

The project’s native token, SSV, is up over 57% over the past seven days. The 233rd place crypto asset is trading at $18.01 at the time of writing.

As Ethereum ticks toward its long-awaited move to a proof-of-stake consensus mechanism, a price spike occurs.

The integration to ETH 2.0 will begin in several phases, starting with the Bellatrix upgrade on September 6th, followed by a formal transition between September 10th and 20th.

The Merge aims to address network scalability issues by preparing for future upgrades, including sharding.

SSV network also launch A new version of its own testnet this week. describe the project

“Not only did [the testnet] We’ve implemented an all-new dashboard but spiced up the staking game by improving the operator selection interface and including more metrics in the web app.

Here the user can customize and view all the details of the validators and who is working with them. Empower stakers to seamlessly select and manage operator groups with the click of a button.

By offering this feature, we are revolutionizing the staking industry, allowing validators to customize operator settings via the network’s web app and smart contracts.

It empowers stakers to diversify their operators and dig deeper while contributing to a more secure and decentralized Ethereum network. “

Crypto exchange platform Poloniex Have been described SSV token of the week.

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