dWallet Network brings multi-chain DeFi to Sui, featuring native Bitcoin and Ethereum
Dubai,
UAE,
April
9th,
2024,
Chainwire
dWallet
Network,
a
trailblazer
in
decentralized,
native
multi-chain
technology,
and
Mysten
Labs,
a
Web3
infrastructure
company
and
the
original
contributor
to
Sui,
announced
their
strategic
partnership,
focusing
on
the
introduction
of
multi-chain
interoperability
into
the
DeFi
ecosystem
on
Sui,
the
groundbreaking
Layer
1
and
smart
contract
platform.
With
the
integration
of
the
dWallet
primitive,
applications
built
on
Sui
can
sign
transactions
on
Bitcoin
and
Ethereum,
opening
up
new
cross-chain
experiences
on
Sui.
Sui
is
renowned
for
its
secure,
high-throughput,
and
low-latency
blockchain
capabilities,
utilizing
the
Move
smart
contract
language
to
offer
developers
a
robust
and
secure
platform
for
building
sophisticated
applications,
all
while
maintaining
extremely
low
and
consistent
gas
fees.
Through
the
partnership
with
dWallet
Network,
Sui
is
now
poised
to
harness
native,
non-collusive,
and
decentralized
dWallet
technology,
enabling
seamless
cross-chain
interactions
within
its
ecosystem.
This
collaboration
is
particularly
significant
for
DeFi
initiatives
on
Sui,
providing
them
with
the
unprecedented
ability
to
include
native
BTC
and
ETH
transactions,
a
milestone
in
blockchain
interoperability
and
functionality.
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.
Omer
Sadika,
Co-Founder
of
dWallet
Network,
expressed
his
excitement
about
the
partnership,
stating,
“We
are
excited
to
partner
with
Mysten
Labs
and
bring
our
decentralized,
non-collusive
dWallet
building
block
to
the
Sui
ecosystem.
This
partnership
not
only
broadens
the
horizons
for
DeFi
and
gaming
on
Sui
but
also
represents
a
significant
leap
towards
realizing
our
vision
of
a
seamless,
multi-chain
future.”
An
exciting
aspect
of
this
partnership
is
the
use
of
dWallets
in
conjunction
with
Sui’s
zkLogin
feature,
offering
a
simplified
Web2
user
experience
for
managing
assets
across
blockchains,
including
Bitcoin
and
Ethereum.
This
innovative
approach
leverages
the
ease
of
Web2
logins,
like
Google
accounts,
to
interact
with
any
asset
on
any
blockchain,
thereby
reducing
barriers
to
entry
for
users
and
enabling
mass
adoption
of
blockchain
technology.
Furthermore,
the
collaboration
extends
beyond
technical
integration,
with
dWallet
Network
and
the
Sui
Foundation
co-hosting
the
Overflow
hackathon.
This
event
underscores
the
commitment
of
both
projects
to
foster
innovation,
community
engagement,
and
the
development
of
cutting-edge
applications
within
the
Sui
ecosystem.
“Interoperability
is
key
to
the
growth
of
blockchain-powered
applications.
The
introduction
of
dWallet’s
innovative
tooling
will
enable
users
in
the
Sui
ecosystem
to
operate
seamlessly
across
disparate
protocols,”
said
Evan
Cheng,
CEO
and
co-founder
of
Mysten
Labs,
original
contributor
to
Sui.
“We’re
thrilled
to
join
dWallet
in
creating
a
multichain
future.”
The
strategic
alliance
between
Mysten
Labs
and
dWallet
Network
marks
a
significant
milestone,
promising
to
bring
unprecedented
flexibility,
security,
and
efficiency
to
multichain
DeFi
and
gaming.
As
this
partnership
unfolds,
it
is
set
to
catalyze
innovation
and
accelerate
adoption,
opening
new
avenues
for
developers
and
providing
users
with
richer,
more
diverse
blockchain
experiences.
For
press
inquiries,
users
can
contact:
About
Mysten
Labs
Mysten
Labs
is
a
team
of
leading
distributed
systems,
programming
languages,
and
cryptography
experts
whose
founders
were
senior
executives
and
lead
architects
of
pioneering
blockchain
projects.
The
mission
of
Mysten
Labs
is
to
create
foundational
infrastructure
for
web3.
Users
Can
Learn
more
here.
About
Sui
Sui
is
a
first-of-its-kind
Layer
1
blockchain
and
smart
contract
platform
designed
from
the
bottom
up
to
make
digital
asset
ownership
fast,
private,
secure,
and
accessible
to
everyone.
Its
object-centric
model,
based
on
the
Move
programming
language,
enables
parallel
execution,
sub-second
finality,
and
rich
on-chain
assets.
With
horizontally
scalable
processing
and
storage,
Sui
supports
a
wide
range
of
applications
with
unrivaled
speed
at
low
cost.
Sui
is
a
step-function
advancement
in
blockchain
and
a
platform
on
which
creators
and
developers
can
build
amazing,
user-friendly
experiences.
Users
Can
Learn
more
here.
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.
Contact
Marketing
Lead
Siva
Sagiraju
dWallet
Network
[email protected]
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