• Promotions
  • About
  • Contact Us
SUBSCRIBE
FintechMode
  • Crypto News
  • Fintech
  • Finance
  • Business
  • PR
SUBSCRIBE
  • Crypto News
  • Fintech
  • Finance
  • Business
  • PR
FintechMode
Home PR

Sui Sets New Standard for Blockchain Transaction Speeds

Chainwire by Chainwire
May 21, 2024
in PR
58 0
0
Share on FacebookShare on Twitter

Grand Cayman, Cayman Islands, May 21st, 2024, Chainwire

Related articles

dubai

QOMEX Summit 2026 to Bring Together the Leaders Shaping the Future of Digital Commerce in the UAE

September 5, 2026
zoomex

Zoomex Concludes High-Impact “Trade the Tide” Event at Coinfest Asia 2026, Accelerating SEA Market Expansion

September 2, 2026

Set to hit Mainnet this summer, Sui’s new Mysticeti protocol cuts consensus latency down to 390 ms.

Sui, the pioneering Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti, its latest consensus protocol, on Sui Testnet. This significant breakthrough reduces consensus time on Sui’s public Testnet by 80 percent at 390 milliseconds while maintaining the protocol’s industry-leading throughput. This impressive demonstration confirms that Sui is the fastest consensus layer in the industry.

Developed from deep research into Byzantine fault tolerance (BFT) consensus mechanisms, Mysticeti represents a significant advancement from Narwhal-Bullshark, the consensus algorithms Sui launched into its Mainnet a year ago, achieving unprecedented transaction speeds and reducing CPU requirements for validators. This enhancement extends Sui’s impressive low latency performance to all transaction types across the network.

Sui’s uniquely object-oriented architecture enables the network to process transactions differently based on the characteristics of the transaction and the objects involved. On Sui, transactions involving only “owned objects”, such as peer-to-peer transfers, do not require consensus. Instead, they follow a fast-path execution that can be completed in a shorter time. In contrast, transactions involving the same shared object, for example, transactions involving marketplaces, auctions or collaborative game assets, do require consensus. In the past, that meant more processing latencies. Mysticeti changes that, by processing shared object transactions using an optimized version of BFT consensus. The Mysticeti design involves minimal cross-validator communication and fully takes advantage of network bandwidth in order to maintain high throughput.

“Mysticeti represents a major leap forward, not just for Sui but for blockchain technology as a whole,” said George Danezis, Co-founder and Chief Scientist of Mysten Labs which originated the Sui Network and pioneer of global research on BFT consensus. “It reduces consensus latency to what we understand to be its lower limits while retaining the benefits of high capacity and low computation cost. It also allows transaction processing faster than consensus within the same protocol, a feature unique to Sui. Mysticeti is yet another instance of Sui pushing the boundaries of what blockchain technology can achieve.”

Results on Testnet have been remarkable, demonstrating the capability to commit transactions with an 80% reduction in latency compared to Narwhal. The enhancement implemented by Mysticeti significantly decreases complexity and optimizes resource use, allowing the Sui network to handle tens of thousands of transactions per second with latencies well below one second.

These advancements are critical as Sui continues to cement its position at the pinnacle of blockchain speed and scale, and provide a seamless experience for developers and users at scale. 

“Mysticeti’s launch is the result of a successful collaboration between research, engineering, and our validator community,” said Dmitri Perelman, Head of Engineering at Mysten Labs. “The lessons we learned from building and tuning previous-generation consensus in production provided the context and inspiration for the researchers to come up with the new protocol. After the first Mysticeti prototype demonstrated undeniable performance superiority, the engineering team was fully onboard and the next-gen consensus implementation is being rolled out to Mainnet with the support of validators in a matter of months.”

Kevin Nelson, Co-Founder of Aftermath Finance said, “With Mysticeti, Mysten has proven that the DAG-based structure can surpass state-of-the-art performance in both consensus throughput and, importantly, latency. At Aftermath, we are excited to see Mysticeti roll out on testnet and even more excited for when it will touch the hands of our users with its release on Mainnet. Moreover, we are looking forward to taking advantage of Mysticeti’s new design to provide a better end-to-end experience on Aftermath.”

Greg Siourounis, Sui Foundation Managing Director added, “Low latency and fast transaction speeds have always been fundamental to Sui’s value as a top choice for builders, and with Mysticeti, the developer experience gets even better. This breakthrough once again showcases an ongoing and relentless focus on innovation, unlocking new possibilities for the types and quality of decentralized applications that can be built on Sui.”

The key innovations of Mysticeti are detailed in the newly published paper, “Mysticeti: Low-Latency DAG Consensus with Fast Commit Path,” which shows the scalability of this new technology and is available for review.

Contact

Sui Foundation
[email protected]

Disclaimer

For paid/sponsored articles, FintechMode neither endorses nor takes responsibility for the accuracy, timeliness, quality, and content of said articles. The statements, views and opinions expressed in paid/sponsored articles are solely those of the content provider and readers are reminded that Cryptocurrency products are unregulated in most locations and can be highly risky. Do your own research and consult relevant financial experts before making any investment decisions. FintechMode will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on this page. If you have any concerns, please email [email protected] or refer to our Terms & Conditions

Share76Tweet47
Chainwire

Chainwire

Chainwire is a specialized newswire service providing high-impact distribution for the blockchain and crypto industry.

Related Posts

dubai

QOMEX Summit 2026 to Bring Together the Leaders Shaping the Future of Digital Commerce in the UAE

by PR Desk
September 5, 2026
0

The 2nd Edition of QOMEX will explore AI powered commerce, personalization, automation, omnichannel experiences and the technologies redefining how businesses...

zoomex

Zoomex Concludes High-Impact “Trade the Tide” Event at Coinfest Asia 2026, Accelerating SEA Market Expansion

by PR Desk
September 2, 2026
0

As a Gold Sponsor of the event, Zoomex gathered traders, builders, and regional partners in Bali to engage in conversations...

cfo

CFO Leadership Summit South Africa Announces Its 27th Edition

by PR Desk
September 1, 2026
0

Intelligent Finance for a Digital-First Economy As organisations across South Africa adopt digital technologies ,accelerate digital initiatives, advance digital capabilities,...

advance

HR World Summit South Africa Returns to Johannesburg for Its 5th Edition

by PR Desk
September 1, 2026
0

Bringing Together HR Leaders to Shape the Modern Workplace in South Africa As South Africa's business landscape evolves in response...

gamer

From Play-to-Earn to Player Ownership: GameChain Collective Drives the Next Gaming Evolution

by PR Desk
August 29, 2026
0

Gaming experiences get bigger and better as futuristic voices from across the industry meet under one roof at GameChain Collective!...

Load More
Next Post

Common AMM launches on Aleph Zero: The First Step Towards Releasing the Ultimate ZK DeFi Suite

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
IAMDOG IS NOW HERE

IAMDOG Announces Token Generation Event On Matchain: First Meme Token On New Layer 2 Solution

September 16, 2024

BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints

November 28, 2023
FUKU

Embrace Friendship and Joy with $FUKU: The New Token Inspired by the Next-Gen Doge

August 25, 2024

What Should You Do Now That Bitcoin Has Reclaimed Records Highs?

0

New Greece-Bulgaria Gas Pipeline Reduces Reliance On Russia

0

Challenger Bank North Winds Down After Unsuccessful Fundraising

0
dubai

QOMEX Summit 2026 to Bring Together the Leaders Shaping the Future of Digital Commerce in the UAE

September 5, 2026
zoomex

Zoomex Concludes High-Impact “Trade the Tide” Event at Coinfest Asia 2026, Accelerating SEA Market Expansion

September 2, 2026
cfo

CFO Leadership Summit South Africa Announces Its 27th Edition

September 1, 2026

Independent fintech and crypto news. Daily reporting on digital banking, blockchain, payments, regulation, and the markets shaping global finance.

Categories
  • Business
  • Crypto News
  • Featured
  • Finance
  • Fintech
  • Markets
  • News
  • PR
  • Sponsored
  • Technology
Newsletter
  • About
  • Editorial Policy
  • Promotions
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Disclaimer:

Any financial and crypto market information given on FintechMode is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions, more information here.

© Fintechmode.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Crypto News
  • Fintech
  • Finance
  • Business
  • PR

© Fintechmode.com - A subsidiary of the NoRestMode organization.

Subscribe To Our
Mailing List

Sign up for our newsletter with the best in fintech news.