@gennadiy
š Offline crypto transactions? It's possible!
Sui blockchain developers are testing an innovative method for conducting cryptocurrency transactions offline using radio waves. In an interview with Cointelegraph, Mysten Labs co-founder Adeniyi Abiodun explained how this technology, based on GSM standards and Mesh Topology, works.
š How it works:
Each device connected to the DePIN network acts as a relay, enabling transaction transmission without internet access. This is particularly useful in areas with poor coverage or during recovery from outages.
š” Benefits:
- Reduced transaction sizes.
- Implementation of credit tranches and loans.
- Expanded network reach, attracting new users.
Abiodun emphasizes that this method has proven effective, and the team is actively integrating it into DePIN networks. This is a step toward creating a more accessible and financially valuable infrastructure for all participants.
#Cryptocurrency #Blockchain #Innovation #Sui #DePIN #Technology #Finance
0 reply
0 recast
0 reaction