Tel Aviv, Israel, February 22nd, 2024, Chainwire
dWallet Labs today announced the Testnet launch of dWallet Network – a first-of-its-kind composable modular signature network. The dWallet Network introduces a new primitive for multi-chain collaboration in web3 — dWallets — a noncollusive and massively decentralized signing mechanism that can be used as a building block on L1s and L2s to sign native transactions to all chains such as Bitcoin, Ethereum and Solana.
The vulnerabilities of cross-chain
With growing demand to operate across different blockchains, developers have been forced to sacrifice the fundamental principles of Web3 – user ownership and decentralization. Existing cross-chain solutions such as bridges and messaging protocols reduce the native security of on-chain assets by removing the need for user consent, opening up vulnerabilities for network participants to collude to steal user funds. dWallets are the first to ensure the security of native interop
We współpracy z: https://cryptodaily.co.uk/2024/02/testnet-launch-for-dwallet-network-composable-modular-signature-network
