What is Ika (IKA)?

Deep Dive

1. Core Purpose & Technology

Ika solves cross-chain security risks by introducing dWallets – programmable, decentralized signing mechanisms. These require collaborative approval between users and a network of nodes using 2PC-MPC (Two-Party Computation Multi-Party Computation), a protocol that enforces user involvement cryptographically while scaling linearly with network size. This allows Sui-based dApps to control native assets on external chains (e.g., Bitcoin) directly, avoiding wrapped tokens or trusted bridges (GitHub).

2. Token Utility & Governance

The IKA token powers three key functions:
- Network Fees: Users pay IKA for operations like creating dWallets or signing transactions.
- Staking: Operators stake IKA to participate in the MPC network, earning rewards proportional to contributions.
- Governance: Token holders vote on protocol upgrades and parameter adjustments.
Tokenomics emphasize community control, with 60% of the 10B initial supply allocated to ecosystem incentives, airdrops, and treasury (Tokenomics).

3. Key Differentiators

Ika’s sub-second latency and ability to handle 10,000+ transactions per second distinguish it from traditional MPC solutions. Its integration with Sui leverages the blockchain’s parallel execution for high throughput, while the zero-trust model ensures no single party can compromise transactions.

Conclusion

Ika is fundamentally a cryptographic interoperability layer that redefines cross-chain security by merging user sovereignty with decentralized computation. How will its adoption reshape decentralized finance (DeFi) infrastructure as multi-chain ecosystems expand?