Ika MPC Network Goes Live on Sui Blockchain to Revolutionize Multi-Chain DeFi

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.

Ika, previously known as the dWallet Network, is a multi-party computation (MPC) network that has officially launched on the Sui blockchain. Ika aims to revolutionize multi-chain DeFi with its secure and efficient solutions, eliminating the need for bridging.

Ika provides a safer approach to cross-chain bridging and interconnecting different blockchains. The network is governed by Sui's Mysticeti consensus mechanism, and the 2PC-MPC cryptographic solutions enable zero-message latency with throughput capabilities of up to 10k TPS. This advanced structure of MPC networks is utilized by Sui to empower Move smart contract developers in creating decentralized services for institutional players.

The MPC network of Ika supports use cases that enhance Sui's blockchain utility, such as Programmable Bitcoin, which enables native $BTC operations. Additionally, Ika's solutions for interoperability ensure that DeFi operates swiftly and securely in Web 3.0, combining the liquidity of Bitcoin, Ethereum, and other blockchains with Sui. Ika's chain abstraction simplifies multi-chain complexities for developers, improving user experience through integrated zkLogin features on Sui.

Ika also provides decentralized custody for digital assets on Sui, offering secure, institutional-grade storage solutions for individual and corporate users. Ika supports the Sui ecosystem and utilizes safe MPC boundaries for AI, ensuring that its AI brokers operate with limited authority, protecting users and maintaining decentralized safety measures.

The upcoming launch of the native $IKA token on the Sui Network will further enhance the ecosystem, enabling secure transactions within Ika's MPC network. As a native token, $IKA will serve as the primary method for transaction payments, securing and expanding decentralized services across Web3.

Ika's scalable infrastructure on Sui marks a significant step toward scalable, secure blockchain interoperability for institutional and individual use cases. Ika's alpha testnet is already live on Sui, and the mainnet launch is scheduled for December. Integrating Ika's high-speed MPC technology on Sui is set to further secure and diversify decentralized solutions, positioning Sui as a leading platform for cross-chain DeFi and programmable $BTC solutions.

The above is the detailed content of Ika MPC Network Goes Live on Sui Blockchain to Revolutionize Multi-Chain DeFi. For more information, please follow other related articles on the PHP Chinese website!