dWallet and Avail collaborate to develop Bitcoin rollups without bridges or wrapping

A new partnership between dWallet Network and Avail will soon allow Bitcoin (BTC) users to access smart contract functionality without the need to bridge, wrap, or give up control of their BTC. The integration will enable dWallet’s smart contracts, built on Avail’s data availability solution, to create Bitcoin signatures for the first time while still ensuring that users maintain full control over their BTC. This eliminates the need for bridging or wrapping BTC, which has led to hacking and collusion attempts in the past. This development aims to address the Bitcoin community’s concerns about layer-2 solutions and the potential for affinity scamming. dWallets utilize multi-party computation (MPC), a cryptographic protocol that allows multiple parties to compute a function together without revealing their inputs to each other. Through dWallet’s MPC infrastructure, Bitcoin’s capabilities can be expanded by enabling the creation of native rollups, which allows smart contracts to run any logic and use native BTC without the need for token bridging or wrapping. This opens up possibilities for decentralized finance (DeFi) protocols, such as swapping, lending, staking, DAOs, trading portfolios, and gaming, to include native BTC. The partnership between dWallet Network and Avail offers a trust-minimized approach to driving Bitcoin adoption by allowing BTC to be used programmatically on other blockchains. This approach takes advantage of Bitcoin’s high security as the base layer in the ecosystem. The dWallet technology enables Solidity smart contracts on an Avail rollup to create Bitcoin signatures and allows developers to manage a dWallet. The Avail rollup smart contract also requires approval for logic enforcement, ensuring that users finalize the signature to prevent collusion and asset theft. Overall, this integration aims to enhance Bitcoin’s capabilities and pave the way for wider adoption and use in various DeFi applications.