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Felipe Kazuto | kazuto.sui
@felipekazuto
🚨 Understand Ika's 2PC-MPC 🚨 Many people tell me that they don't understand Ika 2PC-MPC, so I decided to use our friend David as an example and explain it in a way that even a child can understand. Let's go! ⬇️
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Felipe Kazuto | kazuto.sui
@felipekazuto
⚠️ Common MPC ⚠️ Imagine that you want to open the safe, but the key is divided into several pieces, and each piece is held by a different person (or a node in the network). These people need to talk to each other to put their parts of the key together and open the safe together, without any of them knowing the complete key alone. It's slower because many people need to talk at the same time. If someone leaves in the middle of the process, it can ruin everything. It works well, but everyone is part of the same "collective key".
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Felipe Kazuto | kazuto.sui
@felipekazuto
🏆 Ika's 2PC-MPC 🏆 Now, imagine that you have one half of the key, and the Ika network has the other half. Only when you and the Ika network agree to open the safe together, it opens.The Ika network still uses a lot of people (nodes) on the inside, but from your point of view, it's as if you were just talking to one "person" (the Ika network). It's faster and simpler for you. You never lose control of your share of the key. The network requires multiple nodes to cooperate with each other, but this all happens "behind the scenes". If any node in the network tries to sabotage it, it can be identified and punished.
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