Dubai, United Arab Emirates, April 2, 2024, Chainwire
Post-integration, users will be able to natively manage their BTC in rollups within the Avail ecosystem without relinquishing control over their digital assets.
Availshas partnered with a modular blockchain solution designed to integrate Web3 and optimize data availability (DA) for highly scalable and customizable applications. d wallet networkis a pioneering non-collusive decentralized multi-chain layer for bringing programmable native Bitcoin to the Avail ecosystem rollup.
By leveraging the newly announced dWallet primitive, for the first time, smart contracts using rollups built on Avail DA can programmatically manage native BTC while maintaining user ownership. This marks a paradigm shift from emerging Bitcoin L2 solutions that rely primarily on collusive and often risky cross-chain solutions, such as bridges that require users to sacrifice ownership of their BTC. .
“Enabling BTC to be used programmatically on other blockchains through a minimal trust approach is a smart approach to increasing BTC adoption.” Anurag Arjun, co-founder of Avail He said: “Working with dWallet allows us to enable layer 2 chains and rollups on the Bitcoin network. Bitcoin is a great base with the highest security in the ecosystem from a DA perspective. As a result, dWallet’s integration allows users to leverage arbitrary execution and logic to secure their BTC through decentralized multi-party computation (MPC) solutions.”
Essentially, this collaboration aims to leverage dWallet’s MPC infrastructure to enhance Bitcoin functionality by enabling the creation of native Bitcoin rollups. This enables more efficient and secure transactions and operations on the Bitcoin blockchain, supporting a wide range of functionality beyond simple transactions.
Integration with the dWallet network is possible through Avail Nexus, a zero-knowledge coordination rollup that incorporates proof-of-validity-based light clients and proof-of-execution aggregation, coupled with the ability to control dWallets from smart contracts on any Avail rollup. became. This pivotal move towards Web3 integration will allow developers to enhance the security of their Avail Fusion borrowing from native assets from the most mature ecosystems, including BTC, ETH, and more.
Additionally, the dWallet Network integration powers the Fusion Security model, allowing users to securely hold BTC, ETH, or other assets in dWallet and stake them to enhance the safety of the Avail ecosystem. and maintain ownership at the same time. native assets. This introduces the first native multi-chain staking/re-staking solution aimed at ensuring consensus across different blockchains.
To implement the dWallet primitives, dWallet Network utilizes 2PC-MPC, a cutting-edge protocol invented by the team. This industry-first multiparty protocol allows ECDSA Signing is done in a non-collusive manner and requires the participation of both end users and a significant number of nodes (their number can reach hundreds or thousands).
dWallet technology enables the creation of Bitcoin signatures in Solidity smart contracts in Avail rollups, giving developers control over dWallets. dWallet Network, on the other hand, requires approval of the Avail rollup smart contract for the application of logic and requires users to complete a signature to prevent collusion and asset theft. Whether it’s a Web3 application at rest, DeFi, DAO, gaming, or any other domain, all protocols in the Avail rollup can leverage dWallet to power their capabilities and enable secure interoperability.
Omer Sadika, co-founder of dWallet Network, said: “We partnered with Avail because our vision of a unified Web3 has much in common and both companies strive to unify a myriad of disparate ecosystems. I’m excited to do it.” “We strongly believe that the future of Web3 is multi-chain, not cross-chain, and together with Avail we will continue to work tirelessly to realize this vision.”
This latest integration is perfectly aligned with Avail’s mission to integrate Web3. To usher in the future of rollups and solve growing scalability challenges, Web3 has already adopted a comprehensive full-stack architecture consisting of three innovative solutions: DA, Nexus, and Fusion Security. Masu. of the blockchain industry.
Avail DA serves as the first foundational element of the Avail Trinity, providing vast blob space for rollup developers and serving as the foundational layer for a diverse and vibrant rollup ecosystem. Avail Nexus aims to unify the ecosystem beyond the blockchain built on Avail’s DA layer and employs his Avail DA as the anchor of trust for ecosystem-wide coordination. Masu.
Finally, Fusion Security provides additional protection for the growing rollup and blockchain network and strengthens Avail’s consensus mechanism. Powering Avail Trinity with dWallets accelerates Web3 integration, addresses fragmentation issues, and paves the way for a fully integrated and secure native experience across all Web3 ecosystems .
About the wallet network
dWallet Network is the home of dWallet. dWallet is a programmable and transferable signature mechanism that exists on-chain. dWallet Network enables L1 and L2 builders to leverage dWallet as a building block for managing assets and applying logic across Web3 in a decentralized and non-collusive manner.
For more information, users can visit: https://dwallet.io/
About Avail
Avail is building an integration layer to solve rollup fragmentation and scalability. Avail approaches this problem from first principles with our three-step roadmap, Avail Trinity. It starts with Avail DA, a proven data availability layer that scales with demand, followed by Nexus for permissionless integration, and Fusion for shared security. Blockchain and rollup developers can now send transaction data to Avail DA, inherit the security and benefits of Avail’s KZG commitment, and take advantage of Lite His clients with data availability sampling. Web3 integration is coming, so start building now.
For more information, users can visit: https://www.availproject.org/
contact
Shiva Sagiraju
marketing leader
d wallet network
siva@dwalletlabs.com
Source: the-blockchain.com
