What is Ika (IKA)?

Deep Dive

1. Purpose & Value Proposition

Ika addresses cross-chain security risks (e.g., bridge hacks, wrapped tokens) by enabling native asset control across blockchains like Bitcoin, Ethereum, Solana, and Cardano. Its 2PC-MPC protocol ensures no single entity—user or network—can independently sign transactions, enforcing a zero-trust model. This allows developers to build dApps that interact with assets on any chain without relying on custodians or bridges (Ika Blog).

2. Technology & Architecture

Ika’s 2PC-MPC (Two-Party Computation Multi-Party Computation) splits private keys into two shares: one held by the user and another by a decentralized network. Both shares are required to sign transactions, and the full key is never reconstructed. Built on Sui, Ika inherits its object-centric model and parallel execution, achieving 10,000 transactions per second and sub-second finality. This architecture supports hundreds of nodes while maintaining user-centric security (GitHub).

3. Ecosystem Fundamentals

The dWallet is Ika’s core innovation—a programmable signing mechanism embedded in Sui smart contracts. It allows:
- Cross-chain DeFi (e.g., borrowing Bitcoin on Ethereum natively).
- Institutional-grade custody with multi-party approval workflows.
- Chain-agnostic dApps via a unified SDK.

Recent upgrades added EdDSA support, expanding compatibility to Solana, Zcash, and Cardano, further reducing reliance on wrapped assets (CryptoSlate).

Conclusion

Ika redefines cross-chain interoperability by cryptographically enforcing user consent and decentralizing signing authority. Its integration with Sui’s high-speed infrastructure positions it as a foundational layer for multi-chain applications. How might dWallets reshape institutional adoption of decentralized custody solutions?