Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs – the company behind the Sui blockchain – recently announced on the X platform that Confidential Transactions will be rolled out on the Sui network this year, enabling private, free, and large-scale payments.
This is a significant step in Sui journey to build a practical payment platform. Unlike many current on-chain security solutions that often come with high Gas Price or significant latency, Sui 's new feature is designed to be free and scalable to handle millions of transactions – two prerequisites for privacy to become the default standard rather than a premium feature for a select few.
This announcement comes as privacy in on-chain transactions is becoming a development priority for many major blockchains. Starknet recently announced the STRK20 framework, which supports anonymous transactions, in its Phase 4 roadmap, while many other Layer 2 projects are also accelerating the integration of transaction security features.
For Sui, the blockchain is designed with an object-oriented architecture and high throughput, and the addition of a privacy security layer could open up new practical applications in enterprise payments, personal finance, and DeFi protocols that require secure transaction information.
