From Investing.com: 2024-04-02 09:30:50

Avail, a blockchain solution, partners with dWallet Network to enable users to manage BTC natively on any rollup within the Avail ecosystem, preserving ownership of digital assets. This collaboration introduces programmable native BTC for smart contracts, enhancing Bitcoin capabilities and supporting secure transactions on the blockchain. The integration leverages dWallet’s multiparty computation infrastructure to bring more functionalities and efficiency to Bitcoin transactions.

The collaboration between Avail and dWallet Network aims to unify Web3 by introducing native bitcoin rollups. Leveraging dWallet’s MPC infrastructure, users can securely hold and stake their BTC, ETH, or other assets within the dWallet Network. This innovative approach introduces a native multi-chain staking/restaking solution for securing consensus across different blockchains, focusing on enhanced functionality and secure interoperability.

dWallet Network utilizes 2PC-MPC, a state-of-the-art protocol, to enable solid smart contracts to create Bitcoin signatures in a non-collusive manner. The industry-first multiparty protocol involves user participation and collaboration with nodes to generate ECDSA signatures securely. This technology allows developers on Avail rollups to manage dWallets for various applications, ensuring logic enforcement and asset protection against collusion and theft.

The integration of dWallet technology with Avail rollups enables developers to create Bitcoin signatures and manage dWallets securely on the blockchain. This collaboration aligns with the shared vision of a unified Web3, focusing on multi-chain solutions and full-stack architecture. The integration accelerates the unification of Web3, addressing fragmentation issues and providing a secure, native experience across all ecosystems within Web3.

Avail’s comprehensive full-stack architecture, including DA, Nexus, and Fusion Security, aims to solve the scalability challenges in the blockchain industry by unifying ecosystems and enhancing the consensus mechanism across different blockchains. The partnership with dWallet Network further enhances the Avail trinity by introducing dWallets for managing assets and enforcing logic in a decentralized and noncollusive way, advancing the vision of a unified Web3 ecosystem.

Read more at Investing.com: Avail Partners With dWallet Network To Introduce Native Bitcoin Rollups to Web3 By Chainwire