Kaze
@kazebeat
🚨 .:potential airdrop:.🚨 it's worth joining the galxe quest for Ika, it's going to play a huge role in Sui's expansion. Ika's new 2pc-mpc allows web3 threshold cryptographic signing at scale. coinbase wallet, fireblocks, and copper are a few custody solutions that leverage MPC to mitigate security risks inherent w/ private key management. the way it works: basically, a group of homies collectively generate signatures without revealing or reconstructing the full key for a wallet -- web3 threshold cryptographic signing. but typical MPC networks use unicast communication, which requires every participant to communicate with each other. The effect is.. >low signatures per second >limits the number of participants to a few >takes minutes to generate 1 signature w/ 10-20 participants >computation overhead exponentially increases w/ more participants
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Kaze
@kazebeat
In other words, it don't scale (in a blockchain environment); collusion is a real risk. Ika's design uses broadcast communication instead of unicast, allowing for hundreds or thousands of participants (nodes) to process signature requests from many more users. The throughput is 2 or 3 orders of magnitude more than standard mpc networks -- exactly what Sui needs for mass adoption I can imagine some cool use cases for AI w/ @WalrusProtocol 👀 galxe referral if you need it: https://app.galxe.com/quest/2MdQWjhsDexC9v4M7gPEyH/GCccMto6tL?referral_code=GRFr2Jgm5Km5gjPgJtDO4SdvcThTggVQvr8XIBYemPxbTro
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