Internetless Transaction on Blockchain: Breakthrough for the Web3 Concept?
Can Sui’s Internetless Transaction Breakthrough Spark Blockchain Evolution?
The concept of decentralized internet has so far had its admirers and sceptics. While the web3 idea has created lots of buzzes, translation of into reality has taken the slow burner approach. Questions on how an interconnected network of information and data can be processed without a central influenced has been asked.
Elon Musk in a 2021 tweet tuned down on the current reality of web3 against its popularity, describing it as a marketing buzzword during this defined period.
While the practical realities of web3 may not have had a broadened view in success, the blockchain space has been a forefront in pushing innovative boundaries. Creating groundbreaking possibilities from conceptualized ideation ideas.
The Sui Internetless Transaction Breakthrough
The blockchain industry has over the years revolutionized the concept of finance. Creating a digital medium for that has grown into a pacy hub for innovative adaptation and invention of problem-solving solutions facing the financial space in the digital world.
The Sui network is one of such protocols, that is developed towards adding its layer of contribution to the evolution of the blockchain industry. Kostas Chalkias, the co-founder and chief cryptographer at Mysten Labs, through his X handle announced this achievement in a landmark moment for the cryptocurrency world on the 20th of February.
Mysten Labs is the company that develops the Sui blockchain. Direct device communication was achieved using advanced cryptography and mesh network, which resulted in the success of the non-internet transaction. Scaling the project to include global participation began afterwards.
Possible Impact on Web3 Infrastructure
Adeniyi Abiodun, chief product officer and one of the co-founders of Mysten Labs explained the infrastructural concept behind the actualization of blockchain transaction without internet.
“We can effectively allow you to transmit transactions using multiple communication channels without the internet as a relay. This is important when you have problems with disaster recovery, when you have outages or when you just have areas with slow connection speeds.”
“We call it transactions without internet.”
The mechanism is aimed at keeping cryptocurrencies flowing irrespective of circumstances. Involving the use of mobile networks or radio waves to send cryptotexts when the internet is down. Making connections and communication without the internet a possibility.
This banking mechanism involving communication and sharing of data with no internet connection, bypasses the data storage holders that is prevalent in the centralized internet system.
Adeniyi further stated that research for transmitting transactions long distance radio communication and compressing transactions to small size that fits a text message using only waves underwater has been completed.
Making Decentralized Physical Infrastructure DePin critical to the evolution of blockchain beyond the internet.
This transitioning idea could be bridged into the web3 space, by offering a possibility of interconnected network and data with the blockchain acting as the third-party storage unit for data. Which is more secure, decentralized, and a means of transitioning away from the web2 structure if successful.
The introduction of the internetless transaction to the blockchain ecosystem if scaled successfully to meet demands of global audience, could spark decentralization and the cryptocurrency world to new heights.
