Ika Launches on Sui, Revolutionizing MPC Solutions Across Blockchain

Ika, a multi-party computation (MPC) community beforehand referred to as the dWallet Community, is now reside on the Sui blockchain. Identified for its sub-second latency and scalability, Ika goals to revolutionize multi-chain DeFi with safe and environment friendly options that require no bridging.

Enhanced safety and interoperability for Multi-Chain DeFi

Ika provides a safer strategy to cross-chain bridging and promotes interconnectivity between totally different blockchains. Sui’s Mysticeti consensus mechanism governs the community, and the 2PC-MPC cryptographic options present zero message latency with throughput capabilities of as much as 10k TPS. Sui makes use of this superior construction of MPC networks for Transfer sensible contract builders to create decentralized providers for institutional gamers.

Ika’s MPC community helps use circumstances that energy Sui’s blockchain utility, similar to Programmable Bitcoin, which performs native $BTC operations. Moreover, Ika’s interoperability options guarantee DeFi works shortly and securely in Internet 3.0, combining the liquidity of Bitcoin, Ethereum, and different blockchains with Sui. Ika’s chain abstraction characteristic simplifies multi-chain complexity for builders and improves consumer expertise by means of built-in zkLogin capabilities on Sui.

Moreover, Ika provides decentralized custody for digital property on Sui, delivering safe, institutional-grade storage options for particular person and enterprise customers. Ika powers the Sui ecosystem and makes use of safe MPC boundaries for AI to make sure its AI brokers function with restricted authority whereas defending customers and imposing decentralized safety measures.

Launch of Native $IKA Token on Sui Community

The upcoming $IKA token launch on Sui will additional improve the ecosystem by facilitating safe transactions inside Ika’s MPC community. As a local token, $IKA will function the principle technique for transactional funds, securing and increasing decentralized providers through Web3.

Ika is strengthening its scalable infrastructure on Sui, marking an necessary step towards scalable, safe blockchain interoperability for institutional and particular person use circumstances. Ika’s alpha testnet is already obtainable on Sui, with a mainnet launch in December. The combination of Ika’s high-speed MPC expertise on Sui is predicted to additional safe and diversify the decentralized options, positioning Sui as a number one platform for cross-chain DeFi and programmable $BTC options.