Ika is a multi-party computation (MPC) network built on the Sui blockchain, breaking through the limitations of traditional cross-chain bridges that rely on intermediaries and wrapped tokens. It allows Sui smart contracts to directly control multi-chain native assets, including Bitcoin, Ethereum, and various mainstream L1 and L2, significantly reducing security risks and trust costs.
The core is the self-developed 2PC-MPC protocol, which ensures that users and decentralized nodes jointly complete signatures, achieving true decentralized zero-trust security. The entry point is dWallet, which can execute multi-signatures, conditional payments, and transfers in a cross-chain manner, empowering developers to create multi-chain native DeFi and financial applications.
Leveraging Sui’s Mysticeti consensus, Ika achieves sub-second latency and 10,000 TPS scalability, supporting hundreds of nodes working collaboratively. Multiple ecological projects such as Native and Rhei Finance have already integrated, showcasing its strong interoperability and security assurance capabilities.
IKA is a network-native token used for paying fees, node staking, and incentive mechanisms. It supports protocol governance based on token holders, strengthening ecological sustainability and user participation.
Ika not only leads cross-chain innovation in the Sui ecosystem but also provides a new paradigm for the entire blockchain collaboration model. With its zero-trust security architecture and high-performance technology, Ika will become an important foundation for multi-chain asset management and the DeFi ecosystem.