Avail Partners with dWallet Network to Introduce Native Bitcoin to Rollups

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Avail and dWallet Network Collaborate to Introduce Programmable Native Bitcoin to Rollups

Avail, a modular blockchain platform dedicated to unifying Web3 and optimizing data availability for scalable applications, has announced a strategic partnership with dWallet Network. The collaboration aims to introduce programmable native Bitcoin to rollups within the Avail ecosystem, enhancing the capabilities and security of transactions on the Bitcoin blockchain.

Background and Partnership Details

Founded by Polygon co-founder Anurag Arjun, Avail emerged as a separate entity from Polygon in 2023 after its inception within Polygon Labs in late 2020. The platform was publicly introduced in mid-2021 and is set to launch its mainnet later in 2024. Leveraging dWallet Network’s decentralized multiparty computation (MPC) infrastructure, Avail will enable smart contracts using rollups to manage native BTC while ensuring user ownership programmatically.

This partnership signifies a departure from traditional Bitcoin Layer 2 solutions that often rely on collusive and risky cross-chain mechanisms, such as bridges. With dWallet’s MPC infrastructure, developers can create native Bitcoin rollups that offer more efficient and secure transactions on the blockchain, supporting a wider range of functionalities beyond simple transactions.

Integration Benefits and Features

The integration with dWallet Network through Avail Nexus will introduce zero-knowledge coordination rollup embedding validity-proof based light clients and execution-proof aggregation. This integration will empower developers to utilize Avail Fusion’s borrowed security from native assets, including BTC and ETH, ensuring enhanced security across the ecosystem.

Notably, the collaboration will enable the Fusion Security model, allowing users to securely hold their assets in dWallets and stake them to enhance the overall safety of the Avail ecosystem. This pioneering approach introduces the first native multi-chain staking/restaking solution, securing the consensus of different blockchains.

To implement the dWallet primitive, the dWallet Network leverages 2PC-MPC, a multiparty protocol that ensures non-collusive generation of ECDSA signatures. This protocol requires participation from both end-users and a significant number of nodes, enhancing security and preventing collusion and asset theft.

Future Outlook and Industry Impact

This collaboration aligns with Avail’s vision to “unify Web3” through a comprehensive full-stack architecture consisting of DA, Nexus, and Fusion Security solutions. The partnership with dWallet Network signifies a step towards a multi-chain future for Web3, fostering seamless integration and enhanced security across ecosystems.

“We firmly believe that the future of Web3 is multi-chain, not cross-chain, and together with Avail, we will continue to work tirelessly on making this vision a reality,”

stated Omer Sadika, Co-founder and CEO of dWallet Network. By supercharging the Avail ecosystem with dWallets, the collaboration aims to address fragmentation issues, accelerate the unification of Web3, and deliver a secure and native experience across all Web3 ecosystems.

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Chris Jones

Hey there! 👋 I'm Chris, 34 yo from Toronto (CA), I'm a journalist with a PhD in journalism and mass communication. For 5 years, I worked for some local publications as an envoy and reporter. Today, I work as 'content publisher' for InformOverload. 📰🌐 Passionate about global news, I cover a wide range of topics including technology, business, healthcare, sports, finance, and more. If you want to know more or interact with me, visit my social channels, or send me a message.
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