Sui Blockchain's native cross-chain asset management is now powered by Ika's mainnet launch.
In the ever-evolving world of blockchain technology, Ika has made a significant stride with the launch of its mainnet. This innovative platform introduces the first-ever zero-trust multiparty computation (MPC) network, capable of native cross-chain asset control directly from smart contracts on the Sui blockchain [1][2].
This groundbreaking development marks a new era in blockchain interoperability by eliminating traditional cross-chain vulnerabilities and removing trust dependencies on third parties. Sui-based smart contracts can now securely and seamlessly manage native assets across multiple blockchains, including Bitcoin, Ethereum, and Solana, without relying on bridges, token wrapping, or intermediaries [1][2].
Key innovations include:
- Zero-trust MPC framework: Ika’s proprietary 2-party computation MPC protocol is optimized for scalability and speed, achieving sub-second transaction finality and linear scalability while maintaining decentralization. This protocol requires user authorization for every action, embedding strong cryptographic safeguards to ensure security without intermediaries [1][5].
- dWallets (decentralized wallets): These are programmable, decentralized signing tools governed by Sui smart contracts that allow joint authorization of transactions by the user and the Ika network. dWallets enable seamless native asset management across blockchains from a single protocol, redefining custody and cross-chain interoperability [1][2].
- Cross-chain asset control: For the first time, Sui smart contracts can directly manage native assets on other blockchains in a secure, programmable manner, unlocking new use cases such as universal liquidity access, multi-chain DeFi coordination, and institutional custody without exposing users to bridge risks [1][5].
- High performance and scalability: The network supports up to 10,000 transactions per second with hundreds of globally distributed signer nodes operating under a zero-trust model, making it one of the fastest MPC networks in blockchain [5].
The launch of Ika's mainnet has been met with enthusiasm, including a notable rise in IKA token value following the launch [3]. This transformative step for the Sui blockchain pushes it beyond isolation to become a hub of secure, flexible cross-chain activity.
For press inquiries, contact Ika PR at [email protected]. Users can visit https://ika.xyz or follow Ika on various platforms for further information. Stay updated on Ika by following Ika on Google News.
References: [1] Ika's official website: https://ika.xyz [2] Ika's whitepaper: https://ika.xyz/whitepaper [3] CoinMarketCap: https://coinmarketcap.com/currencies/ika [4] CoinGecko: https://www.coingecko.com/en/coins/ika [5] Ika's technical documentation: https://docs.ika.xyz
Cryptocurrency traders are now able to manage native assets across multiple blockchains, including Bitcoin, Ethereum, and Solana, thanks to the launch of Ika's mainnet and its introduction of the zero-trust multiparty computation (MPC) network [1][2]. The high performance and scalability of the Sui blockchain's network, supporting up to 10,000 transactions per second, makes it one of the fastest MPC networks in blockchain [5].
