Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: sagarmota10 on September 08, 2024, 09:03:18 AM
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SUI is testing the use of radio waves instead of the internet to carry out cryptocurrency transactions, If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
I heard that grayscale invest in this coin which is also positive things.
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SUI is testing the use of radio waves instead of the internet to carry out cryptocurrency transactions, If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
I heard that grayscale invest in this coin which is also positive things.
If SUI succeeds in using radio waves for crypto transactions, it will be an extraordinary achievement and as you said, it will be something historic, because SUI will be a pioneer if this succeeds.
I also thought that crypto developers should think about this because it is feared that in the future if the internet connection is having problems or is disconnected, how will we make transactions, this is not discussing training but as a monitoring method.
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I am looking forward to see if SUI will eventually succeed on this premise of just using radio waves (https://cointelegraph.com/news/sui-blockchain-offline-crypto-transactions-radio-waves) to make transaction from wallet to wallet. Certainly, thus us going to be a very big groundbreaking event in case SUI will make it...as we really need to develop an alternative to the use of the internet as there are still many places where internet is not available or if they are could not serve the needs of the people. We have to remember that our internet infrastructure are still centralized and the government can easily shut it down anytime it wishes to. Certainly, the time has come for what they call as “internet-less transactions” and may this technology be available soon.
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It's nothing new. Small part of Bitcoin community already doing that for years[1], although software support is limited. And in theory, you can do that with almost any cryptocurrency out there since you just need to find medium to broadcast signed TX and receive list of relevant TX to your wallet software.
[1] https://bitcoinmagazine.com/culture/bitcoin-offworld (https://bitcoinmagazine.com/culture/bitcoin-offworld)
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That's quite interesting if it should work and it would serve as a substitute for the internet most likely in the future. But on the other hand, since the internet has been the ultimate for fast and reliable transactions, it may not be popularly used in most countries, nevertheless it's a welcome development
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SUI is testing the use of radio waves instead of the internet to carry out cryptocurrency transactions, If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
I heard that grayscale invest in this coin which is also positive things.
I think both won't work when there is an Electro Magnetic Pulse attack but if we are talking about normal events I think it works well though this is my first time hearing this but that was nice for crypto enthusiasts living in remote areas wherein radio waves are the only available way to make Bitcoin transactions.
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If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
What's so historical?
The first brodcasted tx without internet was with Bitcoin 8 years ago, 5 years ago a LN transaction was broadcasted using radio.
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According to the expert, the basic idea is to use mobile networks, or rather radio waves, to send encrypted texts when the Internet is down.
Besides, this means further centralization since the ones receiving the tx data would need to be able to transform it to insert it into the blockchain, leading to more specialized nodes.
Why do you think this went nowhere despite nearly a decade of trying it with BItcoin?
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- I can't deny that this SUI really has potential; that's why it's not my priority to hold in the long term. There are also many whale investors supporters of this SUI, to be honest. But I'm hesitant to invest here because Bittensor Tao is also where this SUI came from; this is just my opinion.
When I have extra money, I will probably accumulate this SUI in the exchange, which is often done by trading activity. And besides, Grayscale is not a joke company either.
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That's quite interesting if it should work and it would serve as a substitute for the internet most likely in the future. But on the other hand, since the internet has been the ultimate for fast and reliable transactions, it may not be popularly used in most countries, nevertheless it's a welcome development
I agree.
It's interesting to see how it will develop.
And what would be the developments from there.
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SUI is testing the use of radio waves instead of the internet to carry out cryptocurrency transactions, If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
I heard that grayscale invest in this coin which is also positive things.
I have heard this kind of news many times before especially I heard before that in Nigeria Bitcoin transaction was done through a message signal instead of internet. But there will be a central unit where the messages will be received and instead of that message being received, the bitcoin transaction will be completed by using the internet from that central unit. So it appears that the transaction is ultimately being done through the Internet, moreover, if you want to make a Bitcoin transaction in this way, it is seen that you have to give access to your funds in the hands of a third party. Although I don't know much about SUI Coin's off-network transaction, but ultimately one thing to keep in mind is that cryptocurrency transactions are not possible without internet.
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SUI is testing the use of radio waves instead of the internet to carry out cryptocurrency transactions, If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
I heard that grayscale invest in this coin which is also positive things.
I have heard this kind of news many times before especially I heard before that in Nigeria Bitcoin transaction was done through a message signal instead of internet. But there will be a central unit where the messages will be received and instead of that message being received, the bitcoin transaction will be completed by using the internet from that central unit. So it appears that the transaction is ultimately being done through the Internet, moreover, if you want to make a Bitcoin transaction in this way, it is seen that you have to give access to your funds in the hands of a third party. Although I don't know much about SUI Coin's off-network transaction, but ultimately one thing to keep in mind is that cryptocurrency transactions are not possible without internet.
Yeah, if it goes into the centralized node of sorts, what's the point, really ;D
It takes off the charm from it.
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SUI is testing the use of radio waves instead of the internet to carry out cryptocurrency transactions, If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
I heard that grayscale invest in this coin which is also positive things.
If transactions can be done using SUI instead of internet, it will be a real game changer. But there is also a disagreement about whether it will ever be successful. But if it succeeds, it will indeed be a very historic discovery. Because many times many jobs are blocked due to internet problems and there are many places where internet does not provide good service. So if SUI is used as an alternative to internet then it will be very good. We are very optimistic about this discovery. Let's see how successful it is.
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It is not a new innovation, but several years ago there was a service that allowed you to conduct transactions via SMS messages, some via radio waves, and some via satellite Internet, so I do not think it will make a real change.
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This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
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I am looking forward to see if SUI will eventually succeed on this premise of just using radio waves (https://cointelegraph.com/news/sui-blockchain-offline-crypto-transactions-radio-waves) to make transaction from wallet to wallet. Certainly, thus us going to be a very big groundbreaking event in case SUI will make it...as we really need to develop an alternative to the use of the internet as there are still many places where internet is not available or if they are could not serve the needs of the people. We have to remember that our internet infrastructure are still centralized and the government can easily shut it down anytime it wishes to. Certainly, the time has come for what they call as “internet-less transactions” and may this technology be available soon.
I am also agree with you. Because we know without internet sometimes will be need to transaction. If we follow in our country Bangladesh, one month ago we can see that our government get shut down internet for few days. Than we will face many problem in this time. Because we know that student revolution will held in our country. Many student was died in this time. Than government wanted to stop this student revolution, so government decided to shutdown all internet and WiFi network. So i wish that within a short time we expect without internet we can do transaction.
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This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
If you read above replies you will find that the service has been around for years and is centralized with a point of failure, and satellite internet has become available at good prices so it is not a game-changer.
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I'd like multiple ways to broadcast crypto transactions, so if one stops, there is another to use. Internet and radio waves — gimme more!
This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
If you read above replies you will find that the service has been around for years and is centralized with a point of failure, and satellite internet has become available at good prices so it is not a game-changer.
In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?
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--snip--
I think both won't work when there is an Electro Magnetic Pulse attack but if we are talking about normal events I think it works well though this is my first time hearing this but that was nice for crypto enthusiasts living in remote areas wherein radio waves are the only available way to make Bitcoin transactions.
If someone actually launch Electro Magnetic Pulse attack, you should be cornered more about society chaos/collapse rather than your cryptocurrency/digital money.
If it will work then consider as historical events and achievements also will see a massive move in SUI coin price.
What's so historical?
The first brodcasted tx without internet was with Bitcoin 8 years ago, 5 years ago a LN transaction was broadcasted using radio.
Also
According to the expert, the basic idea is to use mobile networks, or rather radio waves, to send encrypted texts when the Internet is down.
Besides, this means further centralization since the ones receiving the tx data would need to be able to transform it to insert it into the blockchain, leading to more specialized nodes.
Why do you think this went nowhere despite nearly a decade of trying it with BItcoin?
It's definitely not historical or significant feat. OP probably not aware of previous attempt, where he got fooled by claim of Sui team.
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I'd like multiple ways to broadcast crypto transactions, so if one stops, there is another to use. Internet and radio waves — gimme more!
This SUI’s plan to use radio waves for crypto transactions can actually become a game-changer because it will be allowing transactions without the internet. Which would help people in areas with poor internet access and make crypto more resilient to shutdowns. So With Grayscale investing, it shows strong confidence in SUI’s future and i really do hope they succeed, it will really inspire new ways to handle crypto transactions without readily relying on the internet.
If you read above replies you will find that the service has been around for years and is centralized with a point of failure, and satellite internet has become available at good prices so it is not a game-changer.
In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?
It would be a backup, sorta.
But as it was said - centralized ;D
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It is quite interesting to follow this development, a good innovation for internet technology if it can use magnetic waves, anything can happen if we always develop,
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In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?
You missed the part where the service is using GSM to relay the transaction.
If the government can cut internet they can order mobile providers to cut GSM coverage too, besides, your node would still need internet to broadcast your tx to the chain, so you will either need someone with internet in the country or someone who can still make international calls, and in case of a coup that is not a solution.
Let's not even think of the other fact, who actually uses SUI?
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Technology is becoming more and more advanced day by day making it easier for everyone to carry out activities, if SUI succeeds in making new developments as mentioned above then this will become technological history so this will be the best record and this will make technology easier to run, when the internet network does not exist then SUI still can use it.
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In Bangladesh there was a Internet blackout recently, so if we use Internet despite the fact that it can go also puff , what's wrong with another similar service?
Starlink can be used as one device has enough internet capacity for a large number of users at reasonable speeds and the signal can then be rebroadcast for several hundred meters.
If the government decides to cut the internet, imposing censorship on SMS messages will be easier and the only solution remains to download applications to create local networks between devices.
Sometimes international SIM cards can work even when the government decides to cut the internet (but will this option be available in the event of natural disasters)
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Interesting but the thing that I don't understand how it is exactly will work to connect on radio waves?
Since SUI have their own blockchain how it will record the transaction that was made offline?
I feel that it won't be safe and this can lead to manipulation like making a fake transaction in offline or if they use radio waves as a source of internet how can these devices connected to any radio since all of them are encrypted?
I heard only one project succeed on offline transaction they called it grincoin where you can transfer or send grin offline once your wallet is online it would sync automatically.
Do you think SUI is the same as grincoin?