Manta pacific's multida framework and icp's integration of threshold-schnorr signatures

Manta Pacific’s MultiDA Framework and ICP’s Integration of Threshold-Schnorr Signatures

Last Updated: August 14, 2024By

Manta Pacific, the dynamic Layer 2 blockchain of Manta Network, has announced its pioneering adoption of the Multiple Data Availability (MultiDA) framework, marking a significant evolution in the blockchain ecosystem. The Manta team asserts that this MultiDA strategy ensures continuous service and cost efficiency, all without compromising the user experience or fee structures. Through strategic alliances with partners like Celestia, Nuffle Labs, EigenDA, 0G, Nubit, and Dill, Manta aims to bolster the security, resilience, and uptime of its network. Since December 2023, the collaboration with Celestia DA alone has saved users over $6 million, showcasing the tangible benefits of this innovative approach.

Meanwhile, the Internet Computer Protocol (ICP), a blockchain recognized for its use of threshold cryptography, state machine replication, and a distinct consensus algorithm, has integrated Threshold-Schnorr signatures. This development enables developers, such as those at Omnity, to manage Taproot assets and establish connections with chains utilizing ed25519 signatures, including notable blockchains like Osmosis and Solana. This integration represents a crucial step in enhancing cross-chain interoperability and expanding the possibilities for blockchain applications.

In another notable advancement, Aurora Labs has introduced a Bitcoin light client and relayer, facilitating a bridge between the Bitcoin network and the NEAR protocol. This integration empowers NEAR decentralized applications (dApps) to verify Bitcoin transactions and access the latest state of the Bitcoin blockchain, laying the groundwork for a comprehensive Bitcoin bridge. Aurora Labs also unveiled a chain signature service and announced plans for the Satoshi Bridge, which will enable direct Bitcoin deposits into NEAR, fostering new innovations in decentralized finance (DeFi). Aurora’s CEO emphasized the transformative potential of integrating Bitcoin with DeFi, a project that NEAR One will carry forward.

Airchains, a platform designed for launching modular blockchains leveraging zero-knowledge proofs and fully homomorphic encryption, has developed an integration with Espresso’s decentralized sequencing layer. This collaboration is set to enhance interoperability and decentralization across its ecosystem, which spans EVM, CosmWASM, and SVM rollups. The Airchains team has successfully replicated Espresso’s Ethereum Layer 1 contracts in RUST, preserving the original solidity contracts’ logic and functionality while benefiting from RUST’s superior performance. This integration is expected to go live on Espresso’s Cappuccino testnet soon, with plans to transition to the Espresso mainnet once it becomes operational.

Additionally, Skale, a blockchain network that prides itself on being gas-free and virtually invisible, has launched Skale Swell, an interactive platform designed to accelerate community engagement and reward participation, thus welcoming millions of users into the Web3 space. As a network of EVM-compatible, high-throughput chains, Skale ensures that Swell delivers a decentralized technology experience that is both intuitive and seamless, catering to both blockchain natives and newcomers by leveraging its frictionless, gas-free environment.

In the realm of digital asset custody, Copper, a custodian built around the cryptographic method of multi-party computation (MPC), has partnered with the HBAR Foundation to integrate Hedera’s native token, HBAR. Copper will offer custody services for HBAR and tokens adhering to the Hedera Token Service (HTS) standard, enabling clients to stake their HBAR with validators of their choice and conduct DeFi transactions from Copper’s MPC wallet infrastructure. Additionally, HBAR will be available for trading through Copper’s ClearLoop service, which provides secure digital asset custody for institutional clients while mitigating counterparty and insolvency risks.

These groundbreaking advancements across various blockchain platforms highlight the industry’s relentless pursuit of innovation, fostering a more secure, efficient, and interconnected digital ecosystem.

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About the Author: Eunji Lim

Eunji lim