According to CryptoPotato, dWallet Network, the infrastructure for programmable native Bitcoin, has announced its support for EVM-compatible Layer 1 blockchain, Monad. The integration, revealed on April 30th, aims to strengthen Monad's position as the leading ecosystem for EVM builders by using dWallet technology to introduce native multi-chain capabilities.
Within the Monad ecosystem, dWallet Network plans to enable developers to use decentralized building blocks to create DeFi applications across multiple chains without collusion and with high decentralization. This move is expected to establish Monad as a significant EVM venue for using dWallet technology and provide developers with the efficiency and scalability needed to innovate in DeFi.
Keone Hon, Monad Labs Co-Founder and CEO, commented on the initiative, stating that the support from dWallet Network is a testament to their commitment to providing the best possible platform for EVM developers. He added that the unmatched speed and performance of Monad, combined with dWallet's innovative multi-chain capabilities, not only solidify Monad's position as the leading blockchain for DeFi development but also significantly enhance the tools available to their developers.
The dWallet Network uses 2PC-MPC to implement the dWallet feature. This multiparty protocol, invented by its team, allows the creation of an ECDSA signature in a non-collusive manner. It involves not just the end user but also a significant number of nodes, potentially in the hundreds or thousands. dWallet stated that the integration represents a crucial advancement toward achieving a fully interoperable and decentralized financial ecosystem. Developers in the Monad ecosystem will find it straightforward to integrate dWallet's native multi-chain capabilities into their applications.
This move is expected to provide users with a seamless experience across different blockchain platforms without compromising security or user control. Omer Sadika, dWallet Network co-founder, emphasized the importance of this integration, stating that the partnership's ultimate goal is to facilitate an interconnected DeFi landscape.