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Confidential transfers are live in public beta on Sui Devnet. Transfer amounts and balances are private, with controlled visibility for compliance and auditability. What this means for finance workflows: 🧵

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Sui

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275,034 Aufrufe • vor 2 Monaten •via X (Twitter)

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Sui Network has officially gone private... Kind of. Sui has officially launched confidential transfers on the $SUI blockchain. However, for now, the privacy-preserving feature is live in public beta on Devnet only. The launch is a direct response to the potentially harmful transparent nature of blockchain transactions. With confidential transfers, parties transacting on Sui will have crucial information like counter-party addresses and amounts remain fully private but with a full audit trail for compliance purposes.
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Sui Network has officially gone private... Kind of. Sui has officially launched confidential transfers on the $SUI blockchain. However, for now, the privacy-preserving feature is live in public beta on Devnet only. The launch is a direct response to the potentially harmful transparent nature of blockchain transactions. With confidential transfers, parties transacting on Sui will have crucial information like counter-party addresses and amounts remain fully private but with a full audit trail for compliance purposes.

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The blockchain logs and sees everything, and so does everyone else. Every transfer. Every balance. Every mistake. Some things should simply not be public. Confidential transfers are now live in public beta on Devnet.
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