Avail, a modular blockchain solution, has entered a strategic partnership with dWallet Network to introduce programmable native Bitcoin to rollups within the Avail ecosystem. This collaboration aims to enhance Bitcoin’s capabilities while preserving user ownership and security.
Enabling Seamless Bitcoin Integration
Through this partnership, users will have the ability to natively manage their BTC on any rollup in the Avail ecosystem without compromising control over their digital assets. Leveraging dWallet’s MPC infrastructure, smart contracts on Avail’s rollups will programmatically manage native BTC while ensuring user ownership—a departure from traditional L2 solutions reliant on collusive cross-chain mechanisms.
A Shift Towards Trust-Minimized Approaches
The integration of BTC into other blockchains via a trust-minimized approach signifies a strategic move towards increasing BTC adoption. Anurag Arjun, co-founder of Avail, highlighted the significance of leveraging Bitcoin’s security features and dWallet’s infrastructure to enable Layer-2 chains or rollups atop the Bitcoin network.
Enhancing Bitcoin’s Functionality
By harnessing dWallet’s MPC infrastructure, Avail aims to augment Bitcoin’s capabilities by introducing native bitcoin rollups. This advancement is poised to facilitate more efficient and secure transactions on the Bitcoin blockchain, enabling a broader range of functionalities beyond basic transactions.
Pioneering Technology Implementation
The integration with the dWallet Network is made possible through Avail Nexus, a coordination rollup embedding validity-proof based light clients and execution proof aggregation. This integration not only unifies Web3 but also empowers developers to bolster the security of the Avail ecosystem using native assets.
A Multi-Chain Staking Solution
Furthermore, the dWallet Network integration facilitates the Fusion Security model, enabling users to securely hold their assets in dWallets and stake them to enhance the safety of the Avail ecosystem. This introduces a native multi-chain staking/restaking solution, aimed at securing the consensus of different blockchains.
Innovative Protocol Utilization
The dWallet Network utilizes 2PC-MPC, a state-of-the-art protocol enabling non-collusive generation of ECDSAweb signatures. This pioneering multiparty protocol ensures enhanced security and interoperability for Web3 applications across Avail’s rollups.
A Vision of Unified Web3
The collaboration between Avail and dWallet Network embodies a shared vision of a unified Web3, focusing on multi-chain integration rather than cross-chain interoperability. Both entities are committed to realizing this vision through innovative technology solutions and relentless collaboration.
Conclusion
Avail’s partnership with dWallet Network represents a significant step towards unifying Web3 ecosystems. By introducing native Bitcoin integration and leveraging dWallet’s cutting-edge technology, Avail aims to address scalability challenges and pave the way for a seamlessly integrated, secure, and native experience across all Web3 platforms.
Register at Binance