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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.