1/3 The launch of @ikadotxyz's MPC network on @SuiNetwork introduces a groundbreaking approach to Web3 interoperability, enabling Sui smart contracts to manage assets across multiple blockchains.
With a capacity of 10,000 transactions per second and a zero-trust security model, Ika leverages a unique 2PC-MPC cryptographic scheme alongside Sui’s Mysticeti consensus mechanism to facilitate secure cross-chain interactions.
2/3 The DWalletCap object serves as a bridge, allowing Sui applications to control and sign transactions for assets on other networks without the need for asset transfers.
Various projects are already utilizing Ika’s capabilities, including Bitcoin liquidity protocols, multi-chain DeFi solutions, and innovative custody options.
3/3 Sui’s high-performance and object-based data model are essential for Ika’s functionality, paving the way for a new era of interoperable applications in the blockchain ecosystem.
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