Ika Announces Mainnet Launch to Enable Native Cross-Chain Asset Control on Sui Blockchain
The post Ika Announces Mainnet Launch to Enable Native Cross-Chain Asset Control on Sui Blockchain appeared on BitcoinEthereumNews.com. Advertisement     Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. Pioneering blockchain infrastructure provider Ika has announced the official launch of its mainnet, enabling smart contracts on the Sui blockchain to securely and seamlessly manage native assets across multiple blockchains. While the mainnet launch marks a major milestone in blockchain interoperability, it 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. With Ika, Sui-based smart contracts can securely and seamlessly manage native assets across many blockchains, including Bitcoin, Ethereum, and modern L1s and L2s, without relying on bridges, token wrapping, or trusted third parties. Following the development, common risks associated with cross-chain solutions become mitigated; some of these risks include vulnerabilities inherent in bridging protocols or wrapped tokens, fundamentally transforming blockchain interoperability. Advertisement   Furthermore, it is essential to note that Ika’s innovation is centered on the introduction of dWallets, a decentralized, programmable, and transferable signing mechanism. Meanwhile, dWallets are designed to enable both the user and the Ika network to collaboratively sign transactions, while enforcing logic governed by smart contracts. This empowers developers and institutions to build and operate securely across various blockchains with native asset control. Also, the technological core of Ika is its novel 2PC-MPC cryptography protocol, previously thought impractical for decentralized environments due to latency, scalability, and security constraints. Nonetheless, Ika is efficient in delivering sub-second latency and linear scalability, without compromising on decentralization, delivering a network that can be supported by hundreds of operators globally. On the other hand, IKA, the network’s native token…
The post Ika Announces Mainnet Launch to Enable Native Cross-Chain Asset Control on Sui Blockchain appeared on BitcoinEthereumNews.com.
Advertisement Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. Pioneering blockchain infrastructure provider Ika has announced the official launch of its mainnet, enabling smart contracts on the Sui blockchain to securely and seamlessly manage native assets across multiple blockchains. While the mainnet launch marks a major milestone in blockchain interoperability, it 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. With Ika, Sui-based smart contracts can securely and seamlessly manage native assets across many blockchains, including Bitcoin, Ethereum, and modern L1s and L2s, without relying on bridges, token wrapping, or trusted third parties. Following the development, common risks associated with cross-chain solutions become mitigated; some of these risks include vulnerabilities inherent in bridging protocols or wrapped tokens, fundamentally transforming blockchain interoperability. Advertisement Furthermore, it is essential to note that Ika’s innovation is centered on the introduction of dWallets, a decentralized, programmable, and transferable signing mechanism. Meanwhile, dWallets are designed to enable both the user and the Ika network to collaboratively sign transactions, while enforcing logic governed by smart contracts. This empowers developers and institutions to build and operate securely across various blockchains with native asset control. Also, the technological core of Ika is its novel 2PC-MPC cryptography protocol, previously thought impractical for decentralized environments due to latency, scalability, and security constraints. Nonetheless, Ika is efficient in delivering sub-second latency and linear scalability, without compromising on decentralization, delivering a network that can be supported by hundreds of operators globally. On the other hand, IKA, the network’s native token…
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