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these blockchain issues as the “throughput problem” and says the Sui blockchain has solved them by the same “object-based” programming that’s prevalent in other computer systems, including his former employers Oracle and Facebook, which are adept at handling millions or billions or users. I lack the computer science knowledge to offer a proper assessment, but the idea seems to be that this style of programming can eliminate transaction choke points—and soaring blockchain fees—by having activities take place in parallel across many realms. The upshot, according to Abiodun, is that the forthcoming Sui blockchain can address a surge in demand simply by adding more hardware while the cost stays the same. He says it’s the blockchain equivalent of going from dial-up internet to fiber.
Meanwhile, Tramani says Sui is focusing on three killer apps: finance, digital commerce, and gaming. In the case of gaming, he says Mysten Labs is exploring partnerships with South Korean game giants to build blockchain-based experiences where fun is the first priority while token economics come later. He says this would amount to a reversal of the prominent crypto game Axie Infinity, which he derides as “a spreadsheet that looks like a game.”
I have no idea if any of this will come to pass, especially as earlier high-profile projects such as Dfinity and Polkadot raised huge buckets of money to deliver a faster, better blockchain experience and have so far had little to show for it. But as i notes, blockchain technology has changed little over the past five years, and the market may be ready for something like Sui whose primary focus is excellent user design and whose costs decline the more people use it. We’ll see. In the meantime, find our rapid roundup of the latest crypto news below.