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Adeniyi Abiodun: Confidential transfers coming to Sui blockchain with range proofs
Adeniyi Abiodun, co-founder and chief product officer at Mysten Labs, the company behind the Sui blockchain, announces the introduction of confidential transfers to the Sui network.
According to Abiodun, the challenge in enabling private money is not merely hiding transaction amounts, but ensuring that no user can mint new value undetected while the overall supply remains shielded. The Sui blockchain addresses this by using cryptographic range proofs on transfer amounts, enhancing privacy without compromising security.
Abiodun previously credited Mysten Labs' engineering team for quickly resolving a service outage affecting the Sui blockchain. He has also identified Sui as an increasingly important platform for stablecoin movement and crypto activity. These developments reflect Sui’s expanding role in the digital asset ecosystem.
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