Dubai, United Arab Emirates, April 2, 2024, Chainwire
Following the integration, users will be able to natively manage their BTC on any stack in the Avail ecosystem without relinquishing control of their digital assets.
Enjoya modular blockchain solution designed to unify Web3 and optimize data availability (DA) for highly scalable and customizable applications, has partnered with dWallet Networka pioneering decentralized, non-collusive multi-chain layer, to bring programmable native Bitcoin to rollups in the Avail ecosystem.
By leveraging the recently unveiled dWallet primitive, smart contracts using rollups built on Avail DA will be able to programmatically manage native BTC for the first time while preserving user ownership. This marks a paradigm shift from emerging Bitcoin L2 solutions which primarily rely on collusive and often risky cross-chain solutions, such as bridges, where the user must sacrifice ownership of their BTC.
“Allowing BTC to be used programmatically on other blockchains via a trust-minimizing approach is a smart approach to increasing BTC adoption.” said Anurag Arjun, co-founder of Avail. “With dWallet, we can enable Layer 2 chains or rollups on top of the Bitcoin network. Bitcoin represents a superb base layer from a DA perspective, with the highest security available in the ecosystem. As a result, dWallet integration will allow users to leverage arbitrary execution and logic to secure their BTC through a decentralized multi-party computation (MPC) solution.
Essentially, the collaboration aims to leverage dWallet's MPC infrastructure to enhance Bitcoin's capabilities by enabling the creation of native Bitcoin rollups, paving the way for more efficient and secure transactions and operations on the Bitcoin blockchain and supporting a wider range of functionality beyond simple transactions.
Integration with the dWallet network, coupled with the ability to control dWallets from a smart contract on any Avail stack, was made possible through Avail Nexus, a zero-knowledge coordination stack integrating thin clients based on validity proofs and an aggregation of execution proofs. This crucial step towards Web3 unification will also allow developers to power Avail Fusion's borrowed security with native assets from the most mature ecosystems, including BTC, ETH and others.
Additionally, the integration of the dWallet network will facilitate the Fusion Security model when it goes live, allowing users to securely hold their BTC, ETH or other assets in dWallets and stake them for added security of the Avail ecosystem, while retaining ownership of their native assets. This introduces the first native multi-chain staking/restoration solution aimed at ensuring consensus of a different blockchain.
To implement the dWallet primitive, the dWallet network uses 2PC-MPC, the state-of-the-art protocol invented by his team. This first multi-party protocol in the sector makes it possible to generate a ECDSA signing in a non-collusive manner, requiring the participation of both the end user and a significant number of nodes, the number of which could potentially reach hundreds or even thousands.
dWallet technology enables a Solidity smart contract on an available rollup to create Bitcoin signatures and allows developers to manage a dWallet. Meanwhile, the dWallet network requires Avail rollup smart contract approval for logic enforcement, requiring users to finalize signing to prevent collusion and asset theft. Whether it's Web3 applications on custody, DeFi, DAO, gaming, or other areas, any protocol on an available rollup can leverage dWallets for enhanced functionality and secure interoperability.
“We are excited to team up with Avail because our visions for a unified Web3 have a lot in common, with both companies working to bring together countless disparate ecosystems,” noted Omer Sadika, co-founder of dWallet Network. “We firmly believe that the future of Web3 is multi-chain, not cross-chain, and with Avail, we will continue to work tirelessly to make this vision a reality.”
This latest integration aligns perfectly with Avail's mission to unify Web3, for which it already uses a comprehensive full-stack architecture that includes three innovative solutions – DA, Nexus and Fusion Security – to help usher in the future of rollup and solve growing scalability issues. of the blockchain industry.
Avail DA forms the initial foundational building block of the Avail trinity, providing a large blob space for rollup developers and serving as a foundational layer for a diverse and dynamic rollup ecosystem. Avail Nexus, aiming to unify the ecosystem beyond the blockchains built on top of Avail's DA layer, uses Avail DA as a trusted anchor for ecosystem-wide coordination.
Finally, Fusion Security will provide additional protection to a growing network of rollups and blockchains, improving Avail's consensus mechanism. Supercharging the Avail trinity with dWallets accelerates Web3 unification, resolves fragmentation issues, and paves the way for a completely integrated, secure, native experience across all Web3 ecosystems.
About the Dwallet network
dWallet Network hosts dWallets – programmable and transferable signature mechanisms that live on-chain. dWallet Network allows builders on Tiers 1 and 2 to use dWallets as the building block to manage assets and apply logic across Web3 in a decentralized, non-collusive manner.
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About Availability
Avail builds a unification layer to resolve rollup fragmentation and scalability. Avail addresses this problem from first principles with its three-phase roadmap, the Avail Trinity. Starting with Avail DA, the proven data availability layer that scales with demand, followed by Nexus for permissionless unification and Fusion for shared security. Blockchain and rollup developers can submit transaction data to Avail DA today and inherit the security and benefits of Avail's KZG commitments and thin clients with data availability sampling. Start building today, because web3 unification is coming!
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Contact
Siva Sagiraju
Marketing Manager
dWallet Network
(email protected)