SSV DAO Unveils “SSV 2.0” Framework, Bringing bApps to Ethereum

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CoinDesk 2d ago

SSV DAO Unveils “SSV 2.0” Framework, Bringing bApps to Ethereum - CoinDesk

Quick Summary:

Based applications — bApps — will be able to leverage Ethereum validators directly from the layer-1, allowing them to avoid security and centralizing risks.

As part of that, the DAO is suggesting to turn the SSV Network into a bApp.“Transforming the SSV Network from a DVT-powered staking infrastructure into a multidimensional network for the based economy will necessitate an evolution of SSV tokenomics,” the team shared.(DVT, or distributed validator technology, refers to a type of tech that allows an Ethereum validator to run on multiple nodes simultaneously.“This announcement marks a transformative leap for bootstrapping Ethereum security, addressing the growing demand for Layer 1 (L1)-anchored interoperable solutions - as seen with base sequencing and based validator commitments - amid increasing ecosystem fragmentation,” the SSV team said in the press release.

The issue with sequencers today is that they remain to be a centralizing component and can be a single point of failure.