Sui Blockchain Promises Cryptocurrency Transactions Without Internet Connectivity

The cryptocurrency space may soon witness a major innovation that promises to keep transactions flowing even without internet connectivity.

A new cryptocurrency innovation may soon allow transactions to flow even without an internet connection, promising to keep the crypto space humming along.

The Sui blockchain, developed by Mysten Labs, is leading the charge in this technological advancement with their new “internet-less transactions.”

These transactions can be transmitted using alternative communication channels, such as mobile networks, radio waves, and even under-water wave signals, according to Mysten Labs co-founder Adeniyi Abiodun.

“We can transmit transactions using multiple communication channels without the internet as a relay,” he said of the methods, which have been tested successfully.

This development is especially crucial for regions that frequently experience disruptions to their internet connectivity. These include areas prone to natural disasters or where internet access is generally poor.

The technology ensures that cryptocurrency users in these areas can continue making transactions without being hindered by the lack of internet.

Furthermore, the Sui blockchain’s internet-less transactions could play a role in transforming Internet of Things (IoT) devices, which are integral to decentralized physical infrastructure (DePIN) projects.

Such projects are gaining increasing traction in the decentralized web space, also known as Web3.

DePINs are envisioned to disrupt industries like cloud computing, enabling public participation in managing a collective piece of infrastructure and potentially earning rewards from it.

Abiodun expressed his enthusiasm for DePINs, noting their natural integration into public infrastructure projects.

“We see DePINs as a natural fit for Sui, especially in scenarios where cellular connectivity fails,” he said.

In such scenarios, Sui’s solution involves using mesh networks that can operate independently of traditional internet and cellular data services, utilizing satellites or radio relays instead.

Financial inclusion also remains a key focus for the Sui team, which is dedicated to lowering barriers to accessing financial services and reaching more users.

“The more people that can access, the stronger the network effects you create,” said Abiodun, highlighting the importance of expanding financial services to underserved populations.

Mysten Labs is collaborating with Chip Wireless, a Canadian mobile service provider, to refine and expand their technology.

Their target markets include Africa, where they see significant potential to bridge the digital divide without incurring high costs for users.

Sui’s internet-less transactions represent a significant step toward ensuring continuous access to cryptocurrency services, irrespective of internet availability.

This technology not only promotes resilience in the face of connectivity issues but also broadens the scope of digital financial inclusion globally.

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