Public blockchains traditionally expose all transaction details (amounts, recipients, timestamps) on the ledger, which conflicts with consumer expectations for financial privacy. Sui addresses this by implementing privacy schemes that allow fully encrypted transactions on the public ledger without exposing user information, while also enabling free transactions without gas sponsorship requirements. This approach eliminates the need to trust centralized entities for privacy protection, as the blockchain itself handles encryption and privacy preservation.
Deep Dive
Prerequisite Knowledge
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Deep Dive
Sui Is About To Ship Free Private Payments For EveryoneAdded:
The next thing very important to us I want to talk about is privacy.
I'm your public ledger.
Every transaction, what you paid, who you paid it to, when you did it, and I'm happy to share. You bought a JPEG of a monkey for seven grand and sold it for 50 bucks.
It had a cute hat. You pay Lil Icky Sticky Nikki $50 a month.
She sounds nice. You receive $4,000 a month in USDC from an address labeled Dad Gerald.
Money is just energy. All these transactions are public.
I'm just making sure everyone knows.
You're welcome.
You know, I heard you all laughing, but it's actually quite funny, but the reality is consumers will not find it funny, right? Like they expect the transactions to be private. They do not expect that to be publicized to the world. We've got to place where public technology and public blockchains are great in terms of transparency, but we needs to we need to realize that consumers are going to be may want to be very selective about what they share about the about the history about the transactions. And that's what we've been able to do with Sui. It's important to have privacy schemes that is supportable, that actually allows people to on and off-ramp and not just do it in a laissez-faire way. So, we've been very thoughtful about privacy for Sui, and we'll be launching privacy very, very shortly on Sui as well. So, this will be live on exchanges, on wallets, across service providers. You'll be able to on and off-ramp privately as well. We're starting with stablecoins, and we we hope to expand that over stocks, bonds, RWAs, and other assets as well. These transactions all happen fully privately on the public ledger, fully encrypted, without exposing users' information.
We've traditionally relied on centralized entities to keep our information private. And public with with what we're launching with Sui privacy, you do not have to trust a centralized organization to keep your secrets secret. The blockchain itself will do that for you with your wallet.
So this is technology that's rolling out that'll be widely available to network primitive, highly available for everyone to use. Similarly with free transactions, there is no gas sponsorship required. There is no gating mechanism. You simply download the free SDK, you can start paying instantly for your using your agents or users directly and integrate that into your app with no restrictions whatsoever.
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