Sui Network releases 0.28 document with upgrades for programmable transactions
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 programma…
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 released the new version of 0.28 document, in which the specific functional changes include the introduction of programmable transactions, adjustments in byte size and the change of gas budget. The biggest change in this release is the introduction of programmable transactions that replace the batch processing and ordinary transactions. This upgrade aims to improve the efficiency and flexibility of the network, as programmable transactions have the ability to execute complex operations and integrate with external systems.
One of the adjustments made in the new version is the increase in the byte size from 20 bytes to 32 bytes. Hexadecimal size will now increase from 40 to 64, with this new specification designed to better accommodate the programmable transactions. This increase is necessary for the execution of larger and more complex smart contracts, which ultimately leads to increased scalability of the network.
Another change introduced in the new version is the replacement of gas units with SUI tokens in the gas budget mechanism. SUI tokens are the native currency of the Sui Network, and its usage in gas budget will provide several benefits such as reduced transaction fees, faster confirmation times, and increased security. The change to the gas budget will also help in stabilizing the price of the token and incentivizing its use within the network.
Overall, the release of 0.28 document is a significant upgrade for the Sui Network, which aims to make it more efficient, scalable and secure. The introduction of programmable transactions is a major step towards achieving these goals, as it will enable developers to build complex blockchain-based applications on top of the network. The adjustment of byte size and the change of gas budget mechanism will also enhance the user experience, making it more seamless and cost-effective.
In conclusion, the latest upgrade of the Sui Network signifies its commitment to continuous innovation and improvement. The 0.28 document release will ensure that the network remains a competitive player in the blockchain industry, as it takes steps towards becoming a more robust and reliable platform for developers and end-users alike.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5603/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Bit Brother Limited’s Texas Mining Site Earns Success
It is reported that Bit Brother Limited announced that since its operation on January 17, 2023, BTB\’s Texas mine has been operating as expected. As of February…
-
FTT Prices Upsurge to New Heights with 50% Increase in the Last 24 Hours
On March 18th, the market showed that the FTT rose to 1.7500 USD, and is currently trading at 1.7297 USD, with a 24H increase of more than 50%. FTT rose to 1.75 USD, with a rise of more than 50% in 24H Analysis based on this information:The cryptocurrency market has been witnessing an uptrend in FTT prices for the past few days. On March 18th, FTT rose to 1.7500 USD, a new height that the token had not reached in a while. The FTT, also known as FTX Token, is the native token of the FTX cryptocurrency trading platform that launched in 2019. The platform is well-known for its innovative products and derivatives trading. The sudden price surge came as a surprise to many cryptocurrency experts and traders alike. However, it is not uncommon for cryptocurrencies to experience such rapid price movements, with some tokens experiencing price changes up to 100% in a short period. For FTT, the token’s price…
-
Bitcoin Legal Defense Fund Supports Lawsuit Against Craig Wright
According to reports, the Bitcoin Legal Defense Fund (BLDF), supported by Jack Dorsey, the CEO of Block (formerly Square), supports core developers to file a lawsuit against Craig
-
Gray Scale Holds Almost $19 Billion in Mainstream Currency Trusts
According to the report, the data of coinglass shows that the current total position of gray scale is 18.799 billion US dollars, and the trust premium rate of …
-
What exactly is DeFi (What is the most popular use of DeFi)
What exactly is DeFi Editor\’s Note: This article comes from the Windwheel Commu
-
Bybit Launches USDC Settlement Futures Contract for BTC and ETH
On March 22, according to an official announcement, Bybit announced the launch of the USDC futures contract. BTC and ETH USDC settlement futures contracts can now be traded on the
-
**The Truth Behind Bloomberg’s Report on CZ’s Assets: Binance Founder Zhao Changpeng Responds on Social Media**
On April 27th, Binance founder Zhao Changpeng responded on social media to Bloomberg\’s previous report that \”CZ has a value of $28.2 billion\” and other news releases, stating that
-
Coin On’s Option System Upgrade
It is reported that the option system upgrade notice issued by Coin On will be scheduled at 07:45 Beijing time on March 2. The upgrade will take about 3 hours,…
-
What is mining pool computing power (does the higher the mining pool computing power, the higher the profit?)
What is mining pool computing power Bitcoin computing power began to appear in January 2016. But as Bitcoin prices fell, the prices of mining equipment also increased significantly Before the end of 2018, due to the sharp drop in BTC prices, many small businesses had to shut down their machines and restart their operational processes. However, the operators of these companies did not receive the necessary compensation. It is said that many bosses of large enterprises have gone bankrupt or closed their businesses, making their financial situation very difficult. This has led to some companies being unable to operate their networks and products normally, resulting in unnecessary losses. So what is mining pool computing power We can divide it into three parts: block rewards, transaction fees, mining fees, and others The first is the mining pool In order to calculate the hash value obtained by each Bitcoin miner, it is necessary to calculate all the content that needs to be…
-
Suspicious Transfers to Tornado Cash Raise Concerns of Phishing Scam
According to reports, according to CertiK monitoring, the account address 0x67A33 marked by Etherscan as \”Fake_Phishing7960\” transferred 10 ETHs to Tornado Cas…
-
Introduction
On March 28th, it was announced that the lending market 0VIX had been launched on the Polygon zkEVM network, becoming the first DeFi protocol deployed on the Polygon zkEVM network.
-
Alex Raises $2.5M Strategic Funding to Expand Decentralized Finance Ecosystem
It is reported that Alex, the decentralized exchange of Bitcoin, completed a strategic round of financing of US $2.5 million, with the participation of Trust Machines and Gossamer Capital. In addition to decentralized exchanges, Alex also provides pledge, income agriculture and start-up board services. The funds raised this time will be used to continue to establish decentralized finance in the Bitcoin ecosystem and expand user communities. Alex, the Bitcoin Decentralized Exchange, completed the financing of US $2.5 million Analysis based on this information:Alex, the decentralized exchange of Bitcoin, announced that it recently secured a strategic funding round of US $2.5 million, with participation from Trust Machines and Gossamer Capital. The funds will be used to continue to establish decentralized finance (DeFi) in the Bitcoin ecosystem and expand user communities. Alex, founded in 2019, provides several DeFi services, including decentralized exchanges, pledge, income agriculture, and start-up board services. Through its platform, users can securely trade and invest in cryptocurrencies without the…
-
JPMorgan Chase Predicts $2 Trillion Injection from Federal Reserve’s Emergency Loan Plan
According to reports, JPMorgan Chase said that the Federal Reserve’s emergency loan plan may inject $2 trillion into the US banking system. （Watcher.Guru） JPMorgan Chase: The Federal Reserve’s emergency loan plan could inject $2 trillion into the US banking system Analysis based on this information:JPMorgan Chase, one of the country’s largest banks, has predicted that the Federal Reserve’s emergency loan plan could inject as much as $2 trillion into the US banking system. This report comes as the US economy continues to reel from the effects of the global pandemic, which has caused record levels of unemployment, business closures, and a historic drop in gross domestic product (GDP). The Federal Reserve announced its emergency loan plan in March of this year, designed to offer assistance to businesses and individuals impacted by the pandemic. This plan consists of several programs, including the Main Street Lending Program, designed to support small and mid-sized businesses, and the Municipal Liquidity Facility, designed to provide…
-
Table of Contents
According to reports, the latest data shows that CryptoPunk # 3039 was sold at a price of 180ETH.
CryptoPunk # 3039 closed at 180ETH
1. Introduction2. What is CryptoPunk # 3039?3. -
Tera Wulf Bitcoin Mining Company Reports Revenue Increase in Q4 2022
On March 31, Tera Wulf, a Bitcoin mining company, released a quarterly report on Thursday, indicating that as the company increased its mining machine deployment, its revenue in th
-
The Future of Blockchain: Beyond Speculation
According to reports, Brian Armstrong, co-founder and CEO of Coinbase, stated that there are actually many uses of blockchain that go beyond speculation. It\’s really great to have