Layer 1 blockchain Sui is developing a technology called "offline transactions". This innovative mechanism is designed to enable cryptocurrencies to circulate even when the network is down, providing an offline transaction solution for users who cannot use banking or network services.
1. Technical concept:
Sui's "no-network transaction" technology uses mobile networks or radio waves to transmit encrypted information without relying on traditional networks. This method can effectively conduct transactions in areas with network outages, power outages or low connectivity.
2. Development status:
Adeniyi Abiodun, co-founder of Sui's development company Mysten Labs, described the technology's progress, saying they have successfully tested it using underwater sound waves and long-distance radio to transmit transactions, and even compressing transactions to the size of a text message.
3. Application prospects:
The technology has a wide range of applications, including payment services, coupons, reward systems, and other data-related systems. Sui also plans to integrate the technology into IoT devices and explore its potential in decentralized physical infrastructure (DePIN).
4. Development of DePIN: Abiodun believes that the DePIN project can bring long-term rewards through users jointly maintaining public infrastructure. Sui is also studying how to combine network-free transaction technology with decentralized actions and wireless networks such as Helium Mobile.
5. Communication methods: Off-network transactions will utilize alternative communication methods such as mesh networks, relay mechanisms, or radio to transmit information, and can be carried out even in the absence of cellular connectivity.
This technology has the potential to change the way cryptocurrencies are used, especially in environments with poor network conditions, providing users with more flexibility and convenience. $BTC $SUI $ETH #sui链