Ika, a multi-party computation (MPC) network previously called the dWallet Network, is now live on the Sui blockchain. Well-known for its sub-second latency and scalability, Ika aims to revolutionize multi-chain DeFi with secure and efficient solutions that do not require bridging.Â
Enhanced Security and Interoperability for Multi-Chain DeFi
Ika provides a safer approach towards cross-chain bridging and promotes interconnectivity across different blockchains. Sui’s Mysticeti consensus mechanism governs the network, and the 2PC-MPC cryptographic solutions provide a zero-message latency with throughput capabilities of up to 10k TPS. Sui utilizes this advanced structure of MPC networks for Move smart contract developers to create decentralized services for institutional players.
The MPC network of Ika backs use cases that strengthen Sui’s blockchain utility, like Programmable Bitcoin, which performs native $BTC operations. Furthermore, Ika’s solutions for interoperability ensure that DeFi operates fast and securely in Web 3.0, combining the liquidity of Bitcoin, Ethereum, and other blockchains with Sui. Ika’s chain abstraction feature simplifies multi-chain complexities for developers, improving user experience through integrated zkLogin features on Sui.
Moreover, Ika provides decentralized custody for digital assets on Sui, delivering secure, institutional-grade storage solutions for individual and corporate users. Ika supports the Sui ecosystem and uses safe MPC boundaries for AI to guarantee its AI brokers work with limited authority while defending users and maintaining decentralized safety measures.
Launch of Native $IKA Token on Sui Network
The upcoming $IKA token launch on Sui will enhance the ecosystem further by facilitating secure transactions within Ika’s MPC network. As a native token, $IKA will serve as the principal method for transaction payments, securing and expanding decentralized services across Web3.
Ika strengthens its scalable infrastructure on Sui, marking a significant step toward scalable, secure blockchain interoperability for institutional and individual use cases. Ika’s alpha testnet is already available on Sui, with a mainnet launch set for December. Integrating Ika’s high-speed MPC technology on Sui is expected to secure further and diversify decentralized solutions, positioning Sui as a leading platform for cross-chain DeFi and programmable $BTC solutions.
