How to Buy SSV Network (SSV) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has SSV Network, and is trustworthy!

You can find our top 3 exchanges for buying SSV Network here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy SSV Network

And of course, the final step is to find SSV Network on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy SSV Network (SSV)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell SSV Network

  1. Sign into the exchange
  2. Find where you stored your SSV Network, either on a hardware wallet or on the exchange.
  3. Transfer your SSV Network to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell SSV Network.
Businessman looking at crypto trend

Considerations when looking to buy SSV Network.

ssv.network, a distributed staking infrastructure, allows the operation of an Ethereum validator. This is done by splitting the validator key among four or more non-trusting node instances (the'multi-operator' node). Each node is assigned the task of executing the validator’s duties using a consensus mechanism. The protocol converts a validator key to a multisig construct that is governed by consensus layers.

This unique protocol increases the robustness, liveliness, and fault tolerance of nodes in the Ethereum ecosystem. The distribution of validator keys between node instances is a significant step forward in comparison to other staking schemes that fall short when it come to:

  • You can store validator keys offline
  • Redundancy from 'Active to Active'
  • Customizability of Node instances
  • Threshold signature scheme

ssv.network, the first public implementation, of the SSV primitive, was created as a research piece by Ethereum Foundation in 2019. It has since grown to be a DAO-governed, community driven network consisting of builders, stakers, and node operators.

ssv.network is quickly approaching the mainnet. The genesis implementation for the Decentralized Staking infrastructure is scheduled to take place in 2022. It will initially focus on Ethereum. After that, it will expand to other POS chains.

Secret Shared Validators are the first and most secure way to split an Ethereum validator keys between non-trusting operators or node instances. Splitting the validator key in such a manner that each node can trust the other to function is possible. A certain number of validator keys can be taken offline without affecting validator performance and no one node can unilaterally control the validator. It is secure, decentralized, fault-tolerant and allows for Ethereum staking.

SSV is a layer that acts as an intermediary between the validator node (and the beacon chain). Split validator keys into four or more shares and organized in an'multi-operator" construct. This technology greatly improves existing staking implementations.

Validator keys can also be saved offline. Validator keys are kept online at the moment to allow for Beacon chain duties. SSV allows only the encrypted "Shared Keys" to be kept online, eliminating the possibility of key attack vectors being exposed and exploited. "Active to Active" redundancy - Multiple node instances can be operated simultaneously without having to manage validator keys. Infrastructure flexibility - Validators and stakers are able to modify and optimize their multi-operator structure by changing one or more node instances. Threshold signature scheme: One or more nodes may be shut down without impacting the validity of the validator's ability to perform their duties. This ensures maximum fault tolerance and validator availability.

In 2019, the Ethereum Foundation proposed the SSV primitive. BloxStaking joined the research effort and implemented the first SSV Proof of Concept of the SSV Primitive. Later, the technology evolved into the first SSV-based public implementation: ssv.network.