SUI-based interpreting protocol IKA jumped 50% after a successful main launch.
Summary
- Ika Crypto is 50% above a day.
- The project deal with major issues with cross-chain interoperability.
- This enables SUI to make a signage transaction on any series.
SUI’s (SUI) community on Thursday, July 31, IKA (IKA) was Crypto behind the SUI-based zero-trust multi-party computation network, above 50%. Price hike successfully successfully launched the Mennet launch.
https://twitter.com/ikadotxyz/status/195013473878783453544
Protocol sui enables smart contracts to start and authorize transactions on other blockchains such as bitcoin, atherium and solana directly. IKA’s DWALLET and MPC technology allows users to control property effectively
For the project, IKA’s network can scale up to 10,000 signature per second. It also supports the “hundreds” of the signatator nodes, which collectively holds a cryptographic key. This means that no one gives a complete key to every wallet, which fulfills the requirement of reliable intermediaries. At the same time, its distributed wallet protocol performs transaction in several series.
IKA Uses SUI to deal with Crypto Interperability
Cross-chain interpreting residues of major areas of Crypto innovation. However, the most popular solution, including cross-chain bridges and wrapped property, com with prominent RISCS. Cross-chain bridges are made notorious hackable, which is wrapped to tokens, which often requires an issue for redemption.
Both solutions use centralized solutions for specific DEFI problems, so DEFI deny a lot of underlying benefits. Nevertheless, there is a tendency of decentralized options for crypto interoperability.
Like Ika, these protocols use zero-knowledge proofs and completely self-custodial solutions to create a decentralized version of a blockchain bridge. This approach is important for both safety and enhanced interoperability between blockchain networks. This allows chains to share utility and life, improves overall user experience.
