SSV DAO, the decentralized autonomous organization behind the decentralized stack protocol SSV network, on Tuesday revealed a new framework, called “SSV 2.0”, which allows applications to make use of “based” technology by utilizing 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 bring based applications (Bapps) to Ethereum.

“Based” Applications, especially “Based Rollups”, is a new type of technology that attracts the attention of Ethereum developers as it allows for better interoperability, while the networks are on top of Ethereum’s security.

Based Rollups can specifically be seen as a solution to the many LAG-2 networks at Ethereum today, which has caused a lot of fragmentation across the room. By utilizing “based” technology, these protocols or applications can “base” their security and execution operations out of Ethereum’s Layer-1 Validator set.

Currently, Layer-2 networks use “Sequencers” to order transactions and send them back to Ethereum. The problem with Sequencers today is that they are still a centralizing component and can be a single error. By using the validators from Layer-1 to perform execution and security work, networking can avoid the underpatient by using centralized sequencers.

Furthermore, Ethereum developers agree that based rollups allow for better interoperability in the network. Ethereum -Cosystem members have gathered over the past few weeks to find ways to solve this problem, and based Rollups is seen as a major breakthrough for it.

Now the SSV network will also tackle these problems by bringing applications with based technology to Ethereum. According to the SSV team, BAPPS “gets security directly from L1 instead of using different tokens as in current remaining models, making them more Ethereum-adjusted and not exposing Ethereum or its validators to cascade risks.”

As part of it, DAO suggests to transform the SSV network into a bapp. “Conversion of the SSV network from a DVT-driven stack infrastructure to a multidimensional network for the based economy will require a development of SSV-tokenomics,” the team shared. .

“This message marks a transformative jump for bootstrapping Ethereum -Security that addresses the growing demand for LAG 1 (L1) -choanchored Interoperable Solutions -As seen with base sequence and based validator obligations -in the midst of rising ecosystem fragmentation,” said the SSV team in the press team release.

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