Sui Network Introduces Programmable Transactions

03/07/2023 05:57 • Crypto & Markets • 74 views

On March 7, the public chain Sui Network released the next version of 0.28 document. Specific functional changes will include the introduction of new programmable transactions that replace batch processing transactions and ordinary transactions, the adjustment from 20 bytes to 32 bytes (in hexadecimal, from 40 to 64), and the change of gas budget to use SUI instead of gas units.

Sui Network released a new version of 0.28 documents, including the introduction of programmable new transactions

Interpretation of the news:

Sui Network has announced the release of the 0.28 document which introduces a new feature – programmable transactions. This feature is set to replace batch processing transactions and ordinary transactions, with the aim of improving the efficiency of Sui Network.

Programmable transactions are smart contracts that can be programmed to execute specific actions when certain conditions are met. For instance, instead of executing multiple transactions to complete a task, programmable transactions can be programmed to perform all actions required in a single transaction, thereby reducing the time and amount spent on executing the transaction.

The move to introduce programmable transactions by Sui Network is a strategic one, as it makes the network stand out among other blockchain-based networks. With the introduction of this feature, developers will be able to develop more complex and efficient decentralized applications on the Sui Network, and this will attract more users and businesses to the network.

Another noteworthy change in the 0.28 document is the adjustment of the hexadecimal value from 20 bytes to 32 bytes, which will allow for larger data storage on the network. This is essential for the development of decentralized applications that require large amounts of data storage.

Additionally, Sui Network’s use of SUI tokens instead of gas units as part of their gas budget is another significant change introduced in the 0.28 document. SUI tokens are the native currency used on the Sui Network, and their use as part of gas budgeting ensures that network fees are paid in the same currency as transactions are settled, and this will reduce the cost of executing transactions on the network.

In conclusion, the introduction of programmable transactions, the adjustment of hexadecimal value, and the use of SUI tokens as part of gas budgeting are all significant changes introduced by the Sui Network in their latest release of the 0.28 document. These changes will make the network more efficient and attractive to developers and businesses seeking a blockchain-based network to develop decentralized applications.

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Sui Network Introduces Programmable Transactions

Sui Network released a new version of 0.28 documents, including the introduction of programmable new transactions

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