Grand Cayman, Cayman Islands, October 30, 2024, Chainwire
Ika, the world's quickest parallel MPC community, previously often called the dWallet Community, in the present day introduced its launch on Sui, an modern Layer 1 blockchain and good contract platform.
An alternative choice to bridging is Ika, which provides safe interoperability throughout , , , Polygon, , TON, and others, enabling Transfer good contract builders and offering an improved core infrastructure that enables institutional gamers to take full benefit of Sui's cutting-edge decentralized expertise. Ika makes use of the brand new 2PC-MPC cryptographic scheme and Sui's Mysticeti consensus to deal with vital constraints in current MPC networks, offering unprecedented efficiency in throughput, minimal latency, excessive scalability, and zero-trust safety.
Ika's ultra-fast MPC community powers a variety of purposes on the Sui blockchain, together with:
- Programmable Bitcoin: Ika unlocks new prospects for native BTC on Sui with programmable and safe DeFi and escrow.
- DeFi interoperability: Ika's second velocity and scalability permits immediate and safe operations throughout all web3 ecosystems and brings liquidity from chains like Bitcoin and Ethereum to Sui.
- Decentralized administration: Ika provides a safe, decentralized custody answer on the Sui blockchain for digital belongings that gives unmatched safety for each institutional and particular person customers.
- Chain abstraction: Ika permits Sui creators to summary the complexity of a number of strings for his or her customers, together with different Sui options equivalent to zkLogin, leading to an ideal consumer expertise.
- AI Agent Railing: Ika enhances AI purposes on Sui by offering MPC protected guardrails, guaranteeing AI brokers don’t have full uncontrolled energy and defending customers' belongings.
“Sui is the quickest place to execute cross-chain programmable BTC, DeFi, decentralized governance, chain abstraction and AI agent railings,” mentioned Omer Sadika, co-founder of Ika. “We selected Sui as a result of Ika is deeply aligned with Sui's core values of efficiency, velocity and decentralization.”
The IKA token will quickly launch natively on the Sui blockchain, unlocking new options and utility in decentralized safety. Because the native token of the Ika MPC community, IKA will play a key function in powering its ultra-fast, scalable infrastructure that may function a method of fee for MPC signature companies and allow seamless transactions within the Web3 house. Leveraging Sui's unmatched velocity and efficiency, Ika improves the general safety and scalability of the ecosystem and provides essentially the most promising MPC expertise in blockchain to the quickest rising L1 in Web3.
“With Ika, greater than $2 trillion in digital belongings can now be programmed via the Sui community,” mentioned Jameel Khalfan, head of ecosystem improvement on the Sui Basis. “Ika's big selection of use circumstances represents unimaginable potential for the Sui ecosystem.”
Ika's alpha testnet is obtainable on Sui in the present day and the mainnet launch is deliberate for December.
About Sui
Sui is a first-of-its-kind blockchain and Layer 1 good contract platform designed from the underside as much as make digital asset possession quick, non-public, safe and accessible to everybody. Its object-oriented mannequin, primarily based on the Transfer programming language, permits parallel execution, subsecond finality, and wealthy on-chain belongings. With horizontally scalable processing and storage, Sui helps a variety of purposes with unmatched velocity at a low price. Sui is a step ahead in blockchain and a platform for creators and builders to construct superb, user-friendly experiences. Extra info: https://sui.io
About Ice
Ika is the quickest parallel MPC community that provides sub-second latency, scalability as much as 10,000 tps and lots of of nodes, and zero-trust safety. Ika is the premier alternative for interoperability, decentralized governance and chain abstraction, and is poised to revolutionize digital asset safety and multi-chain DeFi. Customers can be taught extra right here.
ContactDarius GooreSui Basismedia@sui.io
This text was initially revealed on Chainwire
