TL;DR
- Ika has launched its multiparty computing (MPC) network on the Sui blockchain, improving interoperability and the security of digital assets.
- The MPC network is the fastest in the world, allowing seamless integrations between Bitcoin, Ethereum, and Solana.
- Its launch is scheduled for December 2024.
Ika has officially launched its innovative multiparty computing (MPC) network on the Sui blockchain, a key advancement that promises to transform interoperability between chains and the security of digital assets.
Known as the fastest parallel MPC network in the world, Ika introduces revolutionary solutions that enable seamless interactions between different blockchain ecosystems, including Bitcoin, Ethereum, and Solana, without compromising security.
BREAKING: $2.3T in assets can now be programmed on @SuiNetwork 🚀
what we’re shipping:
• sub-second MPC finality
• native BTC/ETH/SOL on Sui
• zero bridges needed
• infinite scalabilitytranslation: your assets are finally free anon
more in thread 🧵👇 pic.twitter.com/QqjROVIPRj
— Ika (@ikadotxyz) October 30, 2024
Ika’s system is based on a novel approach that replaces traditional blockchain bridges, facilitating fast and secure interactions. Its ability to connect different chains with exceptional processing speed and a decentralized custody model marks a breakthrough in the creation of more secure and scalable decentralized applications. Developers can now integrate Bitcoin directly into decentralized finance (DeFi) applications, increasing its utility within the DeFi ecosystem on Sui.
Ika: The Ultimate Expression of Efficiency and Security
Ika’s network, which supports up to 10,000 signatures per second. Optimizes asset management through a zero-trust security protocol. Ensuring the protection of assets even in adverse situations. This robust architecture, backed by the strategic investment of the Sui Foundation. Is proof of the community’s strong confidence in its potential to advance blockchain technology.
Ika not only offers advanced functionalities for developers but also implements chain abstraction features that simplify the end-user experience when interacting with multiple blockchain networks. This feature is crucial for attracting new users to the Web3 sector, removing the technical barriers that often discourage their participation.
Additionally, Ika introduces guardrails for artificial intelligence applications. Ensuring they operate within defined limits and minimizing the risk of unauthorized access to user assets. This approach highlights the importance of security and transparency.
The upcoming implementation of the IKA token on the Sui blockchain will enhance these capabilities. This will allow fast and secure transactions within the network. Its launch is scheduled for December 2024
