The SSV DAO, the decentralized autonomous organization behind the SSV network of the decentralized implementation protocol, unveiled a new frame on Tuesday, called “SSV 2.0”, which will allow applications to use “based” technology by taking advantage of Ethereum validators.
SSV 2.0 will be the most ambitious project for the SSV network, according to a press release shared with Coindesk, and will provide applications based on Ethereum.
“Based” applications, in particular “rollers based on” Rollups “, are a new type of technology attracting the attention of Ethereum developers because it allows better interoperability while improving the safety of networks in addition to Ethereum.
Rollers based on the basis can be considered a solution to the many layers of layer 2 on Ethereum today, which has caused a lot of fragmentation in space. By taking advantage of “based” technology, these protocols or applications can “base” their safety and execution operations outside the set of layer 1 of Ethereum.
Currently, layer 2 networks use “sequencers” to order transactions and publish them on Ethereum. The problem with sequencers today is that they remain a centralization component and can be a unique point of failure. Using layer 1 validators to carry out execution and safety work, networks can avoid falls in the use of centralized sequencers.
In addition, Ethereum developers agree that the rolls based on allow better interoperability in the network. The members of the Ethereum ecosystem have met in recent weeks to find ways to solve this problem, and the rollers based is considered a major breakthrough for this.
From now on, the SSV network will also address these problems by providing applications with technology based on Ethereum. According to the SSV team, the BAPPs obtain “the security directly of the L1 instead of using different tokens as in the current replenishment models, which makes it more aligned by Ethereum and not to exhibit Ethereum or its validators at risk in cascade.”
As part of this, the DAO suggests transforming the SSV network into a BAPP. “The transformation of the SSV network of an implementation infrastructure powered by DVT into a multidimensional network for the based economy will require an evolution of SSV Tokenomics,” said the team. (DVT or distributed validator technology refers to a type of technology that allows an Ethereum validator to operate on several nodes simultaneously.)
“This announcement marks a leap transformer for the safety of Bootstrap Ethereum, meeting the growing demand for interoperable solutions anchored with layer 1 (L1) – as we can see with the basic sequencing and the commitments of validators based – in the middle of The growing fragmentation of the ecosystem, “said the SSV team in the press in the release press.
Read more: SSV DAO starts a fund of $ 50 million to push the decentralization plan of Ethereum
