InVarch Introduced Saturn Multi-Sig

Published on: 26.04.2023
InVarch Introduced Saturn Multi-Sig

InVarch Introduced Saturn Multi-Sig a multi-party ownership protocol designed to be the most dynamic & future-proof multi-signature solution in the world.

Multisigs today are restricted to the chain they are deployed on. Requiring a separate & disconnected multisig to be deployed on another chain to manage native assets on that chain. It is also a fractured experience for users. With the Saturn Multisig, a single multisig deployment is all it takes to unlock bridgeless & non-custodial multichain access across any network.

Saturn is a non-custodial solution for bridgeless multichain asset management. It is also designed to provide all of its users, whether they be individuals, communities, organizations, or institutions, with the ability to navigate across all of web3 seamlessly, as a single unit, and without barriers.

Utilizing a series of protocols on the InvArch Network, including a Threshold Signature Scheme (TSS), and using the Polkadot Network’s Cross-Consensus Messaging (XCM) format, a single multisig account will be able to own, manage, & utilize assets across Bitcoin, Ethereum, Polkadot, Solana, Cosmos, Binance, and the list goes on.

Just as a single person today can own & utilize multiple accounts across different blockchain ecosystems to access those ecosystems. The Saturn Multisig allows a single multisig account to securely own & utilize multiple accounts across different blockchain ecosystems.

A universal layer for multi-party ownership & computation

Threshold signatures are used to achieve secure off-chain signing & off-chain account management. This unlocks the ability for a single multisig deployment on the InvArch Network to securely own external accounts on other networks such as Bitcoin & Ethereum as previously mentioned. Native accounts from those networks are securely managed & utilized through Saturn using a TSS protocol for multiparty computation.

This allows the Saturn Multisig to act as a single gateway for multiple accounts. Share ownership & governance over assets on all blockchains. This includes utilizing dApps on those networks, voting using assets on those networks, or even staking assets natively on different networks. As a result of its design, the InvArch Network & Saturn Multisig can serve as a dynamic layer for DAOs & multi-party ownership across any & all blockchains.

A multisig setup using Saturn comes with a suite of optional features. Intended for fluid user experiences & with dynamic organizational needs in mind. Accounts sharing ownership over a Saturn multisig can feature customized rules, roles, & permissions, and are complemented by intuitive voting frameworks. Furthermore, the Polkadot/Substrate tech stack allows the InvArch Network to feature gasless transactions for multisigs. This includes fee-free voting & transaction signing for users & DAOs.

Gasless transactions can be unlocked by bonding the native token of the InvArch Network, VARCH, to the network. Multisigs will be able to bond VARCH for each account onboarded to a multisig to unlock gasless transactions for those accounts within that multisig.

Otherwise, transaction fees to deploy & utilize a Saturn multisig deployed on the InvArch Network may be paid using either VARCH or DOT tokens. Multisigs deployed on the InvArch Tinkernet, an incentivized & live-testing environment, can cover transaction fees using either TNKR or KSM tokens. Support for other currencies may be added in the future, and the respective network tokens of each blockchain a Saturn multisig is operating on would also be needed. At least, until automatic transaction fee swaps are enabled.

ABOUT InVarch

InvArch allows anyone to create decentralized communities. It also supports borderless businesses, & unstoppable organizations. It is designed to become the main hub of the decentralized autonomous organization (DAO) economy.

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