New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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#IKA The early development of IKA has received strong support from within the Sui ecosystem, which serves as an important cornerstone of its potential.
Sui Foundation: The most critical collaboration comes from the Sui Foundation. IKA has previously received strategic investment from the Sui Foundation, with total financing exceeding $21 million. This is not only financial support but also a strategic endorsement, indicating that Sui officials view IKA as a key infrastructure and core participant in its ecological landscape.
Franklin Templeton Digital Assets (FTDA): Franklin Templeton, a global asset management giant, has formed a strategic partnership with Sui through its digital assets subsidiary FTDA, and has expressed interest in several Sui ecosystem projects, including IKA. This indicates that IKA may gain attention and adoption from traditional financial institutions in the future.
Venture capital institutions: During the early fundraising phase through NFTs, IKA received support from well-known crypto venture capital firms such as DCG, Big Brain Holdings, Blockchange, and Node Capital. IKA's technological innovation is rooted in its two core components: dWallet technology and the 2PC-MPC encryption scheme.
dWallet Technology: dWallet is a programmable decentralized wallet. Its core mechanism is to split a private key into multiple "key shares" and distribute these shares across hundreds of IKA network nodes globally. Users also hold one key share. When a user initiates a transaction (for example, initiating a Bitcoin transfer on the Sui chain), the network nodes will participate with the user in a multiparty computation signing process. During this process, each party only uses its own key shares for computation, and the complete private key is never reconstructed. This design fundamentally eliminates the risk of single points of failure; even if some nodes are attacked, it is impossible to piece together the complete private key, thereby ensuring the utmost security of assets. dWallet also has programmable and transferable features, allowing developers to set complex usage policies, such as multi-signature, spending limits, time locks, conditional payments, etc., laying the foundation for advanced applications like "programmable Bitcoin."
2PC-MPC (Two-Party Computation - Multi-Party Computation) Encryption Scheme: The 2PC-MPC scheme adopted by IKA is key to achieving secure cross-chain interactions. In this model, the transaction signing process is abstracted into two parties: one party is the user themselves, and the other party is a network composed of hundreds of decentralized IKA nodes. This "user vs network" structure not only ensures the user's ultimate control over their assets but also achieves zero-trust security through the decentralized nature of the network.
Combining the characteristics of the Sui public chain, the IKA network can achieve sub-second transaction delays and a throughput of up to 10,000 transactions per second (TPS), which is crucial for DeFi applications that require high-frequency interactions.