As a crypto investor with a few years of experience in the industry, I’m always on the lookout for projects that show promising growth and optimizations. SSV.Network is one such project that has caught my attention recently due to its impressive milestones and upcoming tech upgrades.
With SSV.Network achieving impressive milestones in the past few weeks, it’s now essential for us to enhance all data processing procedures to meet increasing demand for dependable staking and restaking solutions. To remain competitive and cater to our expanding user base effectively, we are prepared to implement some advanced technological upgrades.
SSV.Network releases scaling roadmap, product becomes 80-90% more resource efficient
In the third quarter of 2024, SSV.Network, a prominent staking solution provider and pioneer in DVT technology, intends to carry out significant consensus changes through a hardfork. The CEO, Alon Muroch, has announced that these modifications will result in a reduction of hardware requirements by a factor of ten.
As a crypto investor, I’ve taken note of the latest update from our CEO regarding SSV.Network’s roadmap. It seems that due to heightened hardware demands, customers are transitioning from the suggested 4-core CPUs to more robust 8-core options. This shift inevitably results in higher performance costs for node operators like myself.
SSV.Network aims to cut down on the volume of messages from each operator while enhancing the rate at which these messages are processed.
Additionally, the network aims to decrease the volume of non-committee messages that contribute to improving the platform’s data management system.
In my role as a researcher, I’d like to share some new developments with SSV.Network. Previously reported by U.Today, this platform has successfully onboarded an impressive 20,000 validators. Furthermore, the total value locked (TVL) in the network now surpasses $2 billion in equivalent terms.
Hardfork set to happen in Q3 2024
Such impressive numbers are accomplished in only four months after launch.
I, as an analyst, am thrilled about the prospects that the imminent transition brings to the international staking marketplace and the wider Web3 domain in which Mr. Muroch is involved.
DVT is a rapidly emerging technology with growing popularity, leading to the importance of enhancing various aspects of its protocol. In the upcoming year, it’s expected that ssv.network will surpass 50,000 validators. By implementing this solution, the community can effectively support this growth without increasing the requirement for costly hardware.
In the coming months, therefore, the network will be ready to double its list of validators.
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2024-05-27 19:07