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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.
 
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 plays a critical role by securing the infrastructure through a decentralized, permissionless proof-of-stake consensus mechanism. IKA tokens are integral for transaction fees, spam prevention, rewarding reliable operators, and network governance.
Per the announcement, some leading blockchain projects on Sui like Native, Human Tech, Rhei Finance, Aeon, Nativerse, Eko, Legacy Link, and Fupp Sail are already utilizing Ika’s mainnet, demonstrating the protocol’s versatility and robustness.
Following the launch of Ika, blockchain projects, financial institutions, and developers can deploy multi-chain applications on Sui, operate as network participants, or engage with the Ika network.
Omer Sadika, the co-founder of Ika commented on the mainnet launch saying; “Today marks the start of a new era in blockchain interoperability…Our mainnet launch is not just a technological milestone, but a paradigm shift, bringing native Zero-Trust interoperability to Sui , and unlocking unprecedented possibilities for developers, institutions, and individual users alike.”
Source: https://zycrypto.com/ika-announces-mainnet-launch-to-enable-native-cross-chain-asset-control-on-sui-blockchain/