#IKA

KA was formerly known as "dWallet Network" and will launch a parallel MPC (Multi-Party Computation) network based on Sui. With the slogan "We make all chains Sui chains," IKA still addresses the issue of cross-chain interoperability of assets.

Conventional cross-chain asset transfers typically rely on bridging protocols and wrapped assets (such as wrapping BTC into ERC-20 tokens for use on Ethereum, or bringing USDC onto Solana). However, this method has fundamental flaws:

Non-native asset risk: Users only hold wrapped tokens, not real BTC or ETH;

Bridge security risks: If the bridging protocol is attacked (such as the $624 million theft from the Ronin Bridge in 2022), user assets may be completely lost;

Anchor Crisis: Wrapped tokens may lose price peg due to liquidity issues.