Sui Network Plans Private Transactions by 2026 to Enhance User Privacy

Sui Network plans to introduce private transactions on its layer-1 blockchain by 2026.

  • The initiative aims for seamless, regulation-compliant on-chain payments without user opt-in.
  • Mysten Labs co-founder confirmed the use of privacy primitives at the protocol level.
  • Full confidentiality will ensure only sender and receiver access transaction details.
  • This move positions Sui as a leader in scalable, private blockchain transactions with high throughput and low fees.
  • The pivot addresses regulatory scrutiny and potential threats from quantum computing.

Quantum computing poses a potential threat to cryptography, specifically targeting [Bitcoin](https://holder.io/coins/btc/).

  • Experts suggest quantum machines could crack Elliptic Curve Cryptography (ECC), crucial for blockchain security.
  • Crypto analyst Charles Edwards advocates preparing solutions for quantum threats soon.
  • There is debate on the impact of quantum computing, with some viewing it as a strengthening factor for Bitcoin's future.