- Sui's New Approach to Cryptocurrency Transactions
- Transforming Infrastructure with DePIN
- Sui's Collaborations and Future Prospects
One of the biggest concerns with cryptocurrency is what happens if the internet goes down. Sui blockchain is addressing this issue with the concept of “internet-less transactions.”
Sui's New Approach to Cryptocurrency Transactions
The idea is to use alternative communication methods like mobile networks or even radio waves to send crypto transactions. Adeniyi Abiodun, one of Sui’s developers and co-founder of Mysten Labs, has completed research that allows transactions using radio waves, even underwater over long distances. They have also managed to compress transactions so small that they can be sent via a simple text message.
Transforming Infrastructure with DePIN
This technology is particularly powerful for making unilateral payments, transactions that only require one party’s action. Sui has already tested this method, and it’s working. The next step is to integrate this into Internet of Things (IoT) devices, which could benefit decentralized physical infrastructure (DePIN) projects. Abiodun describes DePINs as a way for users to collectively run public infrastructure, benefiting everyone while earning rewards.
Sui's Collaborations and Future Prospects
Sui is working with Canadian mobile service provider Chip Wireless to test these ideas, with plans to expand into African markets. Their goal is to use technology to bridge the gap and provide access at no cost to those who need it the most. The exploration of “internet-less transactions” by Sui blockchain is a groundbreaking step in making financial services more accessible. By leveraging radio waves and other alternative communication methods, Sui is not only solving a critical problem but also paving the way for broader adoption of cryptocurrency in underserved regions.
Sui blockchain is making a breakthrough with the concept of “internet-less transactions,” simplifying access to cryptocurrencies through radio waves and alternative communication methods. This technology has the potential to revolutionize the financial landscape, making cryptocurrency transactions more accessible to people around the world.
