Discussion on the Development Prospects of the Sui Public Chain and Web3 Trends

Every Thursday at 8 PM, we start our tavern chat activities on time. From investment jargon, entrepreneurial stories, project ups and downs, to hot topic rants, airdrop tactics, and track predictions, we freely discuss popular Web3 topics in an AMA format, relaxed and without limits!

Tonight we have invited several guests:

Little Penguin Api: Co-founder of DA Labs and DA Traders Alliance, senior participant in the Sui ecosystem.

Kyrie: Member of the Typus Finance team, an early developer in the Sui ecosystem

CryptoMiao: A Web3 researcher with a financial background, an active user in the Sui ecosystem.

The following are the main topics of discussion for this issue:

Why choose to build on Sui?

Little Penguin A Pi believes that Sui is like a carefully prepared ecosystem, and Mysten Labs has lowered the entry barrier for project parties and users. Kyrie stated that after experiencing Ethereum, Cosmos, and Solana, the ultimate choice of Sui is because it solves the authorization issue while meeting speed standards. CryptoMiao, from a user's perspective, believes that Sui's performance is unique, with low transaction costs and a good interactive experience.

The Impact of the Cetus Hacking Incident on Sui

Kyrie believes that this incident has prompted Mysten Labs to strengthen code security, and may lead to the introduction of an insurance fund or a bug bounty mechanism in the future. CryptoMiao stated that the incident exposed the issue of risk concentration, and the Sui ecosystem needs to diversify in the future. Little Penguin A Pi pointed out that the incident has sparked discussions in the community about centralization and decentralization.

The Struggle Between Centralization and Decentralization

Kyrie pointed out that this is a question that requires a trade-off between decentralization and product experience, and each public chain needs to clarify its positioning. CryptoMiao believes that complete decentralization is not optimal and that a balance must be sought between efficiency and democracy. Little Penguin A Pi stated that future technological development will find a balance between ideals and practicality.

The Link Between Sui and Web2

CryptoMiao is optimistic about the development of RWA on Sui, believing that traditional funds can enter the Sui ecosystem through stablecoins and other means. Little Penguin A Pi emphasizes that Sui has lowered the barriers to using blockchain, and the gaming sector is an important breakthrough.

Outlook on the Future Landscape of Public Chains

Kyrie expects that the future development of public chains will focus on technological enhancements, gradually moving towards a pragmatic approach. Xiao Qijian emphasized that blockchain should focus on application scenarios rather than stressing technical details. CryptoMiao believes that Sui's goal is not to compete for the existing Web3 market, but to achieve breakthroughs by introducing Web2 products and users, becoming a bridge between Web2 and Web3.

Overall, the guests are optimistic about Sui's potential in lowering the barriers to entry and introducing Web2 resources, believing that its future development will focus on building infrastructure and developing RWA, among other directions, to attract more traditional users and capital into the Web3 world.