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Avail Partners With dWallet Network To Introduce Native Bitcoin Rollups to Web3

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Dubai, United Arab Emirates, April 2nd, 2024, Chainwire

Following the integration, users will be able to natively manage their BTC on any rollup in the Avail ecosystem without relinquishing control over their digital assets

Avail, a modular blockchain solution designed to unify Web3 and optimize data availability (DA) for highly scalable and customizable applications, has partnered with dWallet Network, a pioneering non-collusive, decentralized multi-chain layer, to bring programmable native Bitcoin to rollups in the Avail ecosystem.

Leveraging the newly 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 that predominantly 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-minimized approach is a clever approach to increasing BTC adoption.” said Anurag Arjun, co-founder Avail. “Together with dWallet, we can enable Layer-2 chains or rollups on top of the Bitcoin network. Bitcoin represents a superb base layer from the DA perspective, with the highest security available in the ecosystem. As a result, the dWallet integration will enable users to leverage arbitrary execution and logic to secure their BTC via a decentralized multiparty computation (MPC) solution.”

In essence, the collaboration aims to harness dWallet’s MPC infrastructure to enhance Bitcoin’s capabilities by enabling the creation of native bitcoin rollups — ushering in more efficient and secure transactions and operations on the Bitcoin blockchain and supporting a wider range of functionalities beyond simple transactions.

The integration with the dWallet Network, coupled with the ability to control dWallets from a smart contract on any Avail rollup, was made possible through Avail Nexus, a zero-knowledge coordination rollup embedding validity-proof based light clients and execution proof aggregation. This pivotal move towards the unification of Web3 will also enable developers to power Avail Fusion’s borrowed security from native assets of the most mature ecosystems, including BTC, ETH, and others.

Furthermore, the dWallet Network integration will facilitate the Fusion Security model when it goes live, empowering users to securely hold their BTC, ETH, or other assets in dWallets and stake them to bolster the safety of the Avail ecosystem, all while maintaining ownership of their native assets. This introduces the first native multi-chain staking/restaking solution aimed at securing the consensus of a different blockchain.

To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.

dWallet technology allows a Solidity smart contract on an Avail rollup to create Bitcoin signatures and enables developers to manage a dWallet. Meanwhile, the dWallet Network mandates approval from the Avail rollup smart contract for logic enforcement, requiring users to finalize the signature to prevent collusion and asset theft. Whether for Web3 applications in custody, DeFi, DAOs, gaming, or other domains, any protocol on an Avail rollup can leverage dWallets for enhanced functionality and secure interoperability.

“We are excited to team up with Avail because our visions of a unified Web3 have so much in common, with both companies striving to bring countless disparate ecosystems together,” noted Omer Sadika, co-founder of dWallet Network. “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.”

This latest integration aligns perfectly with Avail’s mission to unify Web3, for which it’s already employing a comprehensive full-stack architecture that comprises three innovative solutions — DA, Nexus, and Fusion Security — to help usher in the rollup future and solve the growing scalability pains of the blockchain industry.

Avail DA stands as the initial cornerstone element of the Avail trinity, offering expansive blobspace for rollup developers and serving as a foundational layer for a diverse and vibrant ecosystem of rollups. Avail Nexus, aimed at unifying the ecosystem beyond the blockchains built atop Avail’s DA layer, employs Avail DA as the trust anchor for ecosystem-wide coordination. 

Lastly, Fusion Security will offer additional protection to an expanding network of rollups and blockchains, thus enhancing Avail’s consensus mechanism. Supercharging the Avail trinity with dWallets accelerates the unification of Web3, addresses issues of fragmentation, and paves the way for a completely integrated, secure, and native experience across all Web3 ecosystems.

About Dwallet Network

dWallet Network is the home of dWallets – programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.

For more information, users can visit: https://dwallet.io/

About Avail

Avail is building a unification layer to solve rollup fragmentation and scalability. Avail addresses this from first principles with its three phase roadmap, the Avail Trinity. Starting with Avail DA, the validity 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 light clients with data availability sampling. Start building today, because the unification of web3 is coming!

For more information, users can visit: https://www.availproject.org/

Contact

Siva Sagiraju
Marketing lead
dWallet Network
[email protected]



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Press Release

Bears take over BTC halving influence BlastUP continues ascend

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The crypto market remains under bears’ grip influenced by the possible impact of the Bitcoin (BTC) halving. This event, which halves the reward for mining BTC, is fueling heated debate about the direction the market may take.

Meanwhile, Bitcoin sees massive outflows of capital with over $80 million liquidated recently, which caused the coin plunge below $63,000. 

While general market sentiment remains pessimistic, savvy investors are shifting their focus to emerging, promising contenders. Specifically, BlastUP has gained much attention recently, with its successful presale attracting investments of over $4.6 million so far.

Presale opportunities: benefits of early-bird investments

Cryptocurrency presales are opportunities for early-stage crypto projects to sell tokens to investors prior to a public offering. By arranging presales, projects get initial funding, build a community of committed supporters, and give early adopters a chance to benefit from potential future gains. The most outstanding case of presale success is the one of Ethereum. Its presale was held in 2014, and back then it was possible to buy Ether tokens at as low as $0.31 per ETH. The fortunate investors who capitalized on the chance to acquire this undervalued asset, transformed their modest investments into significant fortunes.

See Also: Worldcoin Introduces World Chain Layer-2 Amidst Regulatory Spotlight

When evaluating cryptocurrency presales, several key factors should be considered: 

  • the project’s whitepaper
  • the team’s expertise
  • the feasibility of the technology
  • the economic model of the token (tokenomics).

It’s important to scrutinize the project’s underlying concept to assess its practicality and potential impact on the market.  

Presales are private events, distinct from initial coin offerings (ICOs), and often offer benefits like discounted token prices. This allows investors to buy tokens at a reduced rate, which can lead to substantial returns if the project succeeds.  

BlastUP ticks all the boxes needed to succeed

BlastUP is the first launchpad on Blast that is gaining traction fast thanks to its robust concept, strong backing by an experienced team of crypto developers and well-elaborated tokemonics. Its integration into Blast adds reliability, as this unique Layer 2 blockchain has a large following, achieving a total locked value (TLV) of $1 billion within just one month. Additionally, the recent launch of the Blast Mainnet has propelled it into the top 10 projects by TLV.

The BlastUP platform stands out in the Blast ecosystem as it plays a vital role, serving a launching pad for crypto startups and dedicated to help them grow faster and earn more. This approach has already caught the attention of many early-stage investors who see significant potential in it. BlastUP boasts a large and growing community, with over 10,000 BLP token holders already on board and more people willing to secure their spot in this promising venture.

The presale of BlastUP tokens has made significant progress, with six phases already completed and four remaining. This presents an opportunity for those seeking hidden cryptocurrency gems to purchase $BLP tokens at a compelling price.

The ongoing success of the BlastUP token presale is evident, with over $4.7 million raised in just a few weeks. This impressive figure underscores the trust and commitment of early adopters who recognize the project’s substantial potential. 

BlastUP’s reliability confirmed by CertiK and Assure DeFi

BlastUP has successfully passed the compliance checks by CertiK and Assure DeFi, two of the most reputable audit agencies in the industry. This endorsement serves as a testament to BlastUP’s commitment to security and trustworthiness, key attributes for attracting both developers and investors to the platform. 

This validation is crucial in establishing BlastUP’s credibility in the rapidly evolving blockchain environment, further enhancing its position as a dependable partner for launching new and innovative crypto projects.

BlastUP serves catalyst for blockchain startup success

BlastUP acts as a powerful catalyst for fostering a conducive environment for DApp launches. At the heart of its strategy is the Launchpad Accelerator, which equips startup teams with comprehensive documentation and sophisticated tokenomics, thereby facilitating effective capital raising.

See Also: Binance To Return To India After Paying $2m Fine For Non-Compliance

Security is a cornerstone of BlastUP’s ethos. The platform’s rigorous Project Screening ensures that only the most credible projects are admitted, thus preserving the integrity of its ecosystem. This steadfast commitment to security solidifies BlastUP’s status as the go-to platform for those seeking reliability and trustworthiness.

Looking ahead, BlastUP plans to improve the way startups get launched on the Blast network by incorporating AI and Web3 technologies. Its strategic roadmap through 2026 includes bold initiatives such as an AI-enhanced IDO screener, specialized tools for AI-equipped startup teams, and the introduction of an interactive Community Marketplace. These initiatives underline BlastUP’s commitment to pushing the boundaries of its ecosystem and becoming the major force in the crypto realm. 

Conclusion

As the Bitcoin halving event approaches, casting uncertainty over the cryptocurrency market, BlastUP attracts attention with its high potential for growth. Despite the bearish sentiment overshadowing the general crypto space, BlastUP has successfully attracted substantial interest through its presale, raising over $4.7 million.

This is indicative of the platform’s robust foundation and the compelling value proposition it offers to investors looking for emerging opportunities in blockchain technology. The approval from reputable audit agencies like CertiK and Assure DeFi further validates its security and trustworthiness, bolstering its appeal as a launchpad for blockchain startups.

With its forward-looking initiatives and a strong focus on integrating AI and Web3 technologies, BlastUP is not just navigating the current market dynamics effectively but is also setting the stage for sustained influence and success in the evolving blockchain ecosystem.

BlastUP official website

 



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Major Altcoins to Surge in 2024: Act Now for 10x-100x Investment Upside!

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The buzz around alternative cryptocurrencies (altcoins) is growing, as predictions suggest a significant surge in their value in 2024. Savvy investors who seek substantial growth for their portfolio might find that now is the pivotal moment to focus on these promising coins.

With a bull run already in full swing, understanding which altcoins have the potential for exponential increases—some possibly reaching gains between ten to a hundred times—could make a significant difference in investment outcomes. This article delves into these altcoins, highlighting why they stand out in a booming market.

BlastUP Goes Viral, Raising $4.7 Million in a Few Weeks

BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4.7 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.

Holders of BlastUP tokens may benefit from a number of privileges including  participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

See Also: Polkadot Price Forecast: Will DOT Reach the $5 Level Soon?

>> Buy BlastUP tokens before they skyrocket <<

Aptos Faces Volatile Market Trend Amidst Investor Watchfulness

Aptos seems to be navigating through a choppy market with its price showing significant movements. Over the past weeks, the trend suggests that the coin has experienced some downward pressure, yet it maintains a strong position compared to a few months back. The balancing act between upward and downward forces hints at cautious investor sentiment, as market participants are likely keeping a close eye on both short-term fluctuations and long-term potential.

Considering the basics of Aptos, its ability to potentially affect the market could be linked to its underlying technology and the trust of its user base. As the project continues to develop and gain attention, its resilience in facing market swings could either cement its position among traders or lead to shifts in investor confidence, directly influencing its standing in the competitive crypto landscape.

XRP Shows Mixed Signals Amid Market Fluctuations

XRP’s market performance has been showing a balancing act between gains and losses. The price of XRP is hovering between certain low and high points, but it hasn’t approached its closest higher or lower thresholds in recent times. The average prices over short and long periods are almost the same, indicating a lack of strong momentum in any direction. The indicators that measure buying and selling pressure suggest that investors are neither overly excited nor particularly pessimistic about XRP’s future.

The market’s feelings about XRP seem cautious, as the trading range stays stable without leaning towards a clear uptrend or downtrend. XRP is a well-known digital currency with a focus on payment and exchange processes. In light of this, despite the recent price dips over the week and month, its established position and utility could help it to maintain a certain level of interest among investors, balancing out the mixed sentiment seen in the trading indicators.

Solana Experiences Surge with Caution on Horizon

Solana’s market sentiment seems cautiously optimistic right now. Its recent price movements have been upward, with a solid increase over the past several months. However, the recent week shows a slowdown, suggesting that investors might be taking a breath and evaluating the market. This coin is known for its fast and efficient blockchain, making it a favorite among users looking for quick transactions and developers seeking a reliable platform.

See Also: These Altcoins Dumped The Most As Bitcoin (BTC) Slipped Beneath $60K

The current market behavior could lure more attention to Solana’s technological benefits, driving its adoption. If this interest translates into actual use, Solana’s value might see further growth, solidifying its place in the competitive crypto landscape. As it stands, the current sentiment could entice cautious investment with an eye on the long-term potential of Solana’s technology.

Conclusion

Altcoins such as APT, XRP, and SOL are expected to grow, but their short-term potential might not match the explosive growth projected for BlastUP. BlastUP stands out in the Blast ecosystem with a solid concept that could lead to significant investment gains. Focusing on BlastUP could offer the most rewarding prospects for investors seeking substantial returns.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

 





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Can Bitcoin Bounce Back to $70K Before Halving? Expert Evaluates Market Sentiment and Bullish Potential for $MEDA Presale

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TLDR

    • Bitcoin’s (BTC) price falls to a monthly low.
  • Experts back Milei Moneda ($MEDA) as the next big crypto sensation.

With the Bitcoin halving approaching and experts divided on whether BTC can return to $70K, they see potential in the presale of $MEDA. The hype around Milei Moneda’s humorous take on politics and tech has boosted interest in their upcoming launch. For traders considering the prospects of Milei Moneda against the backdrop of the halving, its ambitious roadmap and community engagement provide reassurance. Let’s explore why the new meme coin is the best crypto to buy for 2024.

Economize Like Milei: Invest in $MEDA!

 

Bitcoin Halving Looms: Will $70K Return?

The price of Bitcoin (BTC) dropped to a monthly low recently, dipping briefly below $60,000, wiping out gains made over the past month. This pullback in the value of Bitcoin came after volatile moves in the crypto markets, driven by rising inflation data in the US. Over the past week, about $784 million in long positions were liquidated amidst the sell-off.

However, some experts remain optimistic that Bitcoin could pump above $70,000 before the upcoming halving event. Their bullish outlook is supported by the recent approval of Bitcoin spot ETFs for three offshore Chinese asset managers by Hong Kong’s Securities and Futures Commission. 

Nevertheless, geopolitical sensitivity is expected to continue shaping market sentiment in the coming weeks, with some industry observers drawing comparisons between recent events in the Middle East and the cross-market crash triggered by the COVID-19 pandemic in 2020. As investors eagerly await the halving event, the question of whether Bitcoin (BTC) can regain its momentum and reach $70,000 remains uncertain

 

Milei Moneda: The Meme Coin To Watch

As the highly anticipated Bitcoin halving approaches, market sentiment is being closely evaluated by experts who are eager to determine the cryptocurrency’s potential for a resurgence. Amidst these discussions, one cannot overlook the exciting prospects surrounding the Milei Moneda ($MEDA) presale, which has garnered significant attention in the crypto community.

Known for its unique blend of humor, politics, and blockchain technology, Milei Moneda has emerged as one of the top altcoins with a growing social media following. Its innovative approach has captivated investors, instilling a sense of enthusiasm and FOMO. The project’s prospects are further enhanced by its exciting developments and forthcoming partnership announcements, which are expected to generate substantial hype.

The ongoing public presale of $MEDA presents an enticing opportunity for investors to participate and potentially profit when the project launches on Uniswap at an altcoin price of $0.020. Priced at $0.0125 in Stage 2, the $MEDA token has already attracted attention from crypto experts who consider it one of the best coins to invest in the market.

Furthermore, the Milei Moneda team recognizes the importance of investor trust and security. To ensure a robust and trustworthy ecosystem, they have planned a comprehensive audit of the project’s Smart Contracts. This audit aims to provide investors with confidence in the integrity of Milei Moneda, safeguarding their funds and establishing a foundation for long-term growth.

 

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!



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