On March 30th, the Layer1 blockchain Sui Network released a 0.29.0 version update.

On March 30th, the Layer1 blockchain Sui Network released a 0.29.0 version update, which includes increasing the Sui address length from 20 bytes to 32 bytes.

Sui increased the address length from 20 bytes to 32 bytes

What’s New in the Sui Network Update 0.29.0?

Introduction

Changes in the Sui Network Update 0.29.0

Why the Changes in Address Length?

What Does Increasing the Sui Address Length Mean for Users?

Advantages of Increasing Sui Address Length

Sui Network and Security

How to Update Your Sui Network Wallet to Version 0.29.0?

Step-by-Step Guide to Updating Your Sui Network Wallet

Common Issues with Sui Network Wallet Update

Sui Network Support

The Future of Sui Network and Blockchain technology

Conclusion

FAQs

The Layer1 blockchain Sui Network recently released version 0.29.0 containing significant updates. One notable improvement is the increase in the Sui address length from 20 bytes to 32 bytes. This update is expected to provide significant benefits such as enhanced security, faster transaction speed, and increased usability. In this article, we will outline what’s new in the Sui Network update 0.29.0 and how it affects users.

What’s New in the Sui Network Update 0.29.0?

Introduction

Sui Network update 0.29.0 is a major update that comes with several changes aimed at improving the user experience on the platform. The update addresses some of the issues that have been noted earlier and adds features such as increased Sui address length, improved system configuration and network performance optimizations.

Changes in the Sui Network Update 0.29.0

The latest update has various changes, but the most significant of them is the increase of the Sui address length from 20 bytes to 32 bytes. This update is expected to provide various advantages to the users, including increased security and transaction speed. The update also tackles issues, safeguards the network against potential risks, and enhances user privacy.

Why the Changes in Address Length?

The Sui Network increasing the Sui address length is a part of the network’s commitment to improving its security and enhancing transaction speed. The previous address format presented potential risks since few address models (due to short length) can lead to more brute force methods on malicious actors’ end, leading to potential security breaches. The improvement in the address length of the Sui Network helps make its address structure more secure, more advanced and ensures private transactions.

What Does Increasing the Sui Address Length Mean for Users?

Advantages of Increasing Sui Address Length

One of the benefits of improving Sui Network address length is the enhanced security system. The new, longer address concept presents more complexity and advanced models, thereby making it more secure and less susceptible to malicious hacks. Another advantage is the increased user experience. With the new address system, users will be able to work more efficiently and perform faster transactions reducing possible errors resulting from human errors. This will also enhance user privacy, promoting the platform to be a secure home for business operations.

Sui Network and Security

The security of the Sui Network is always a top priority. This and future updates will safeguard the network from potential risks such as hacking and theft, which will increase the confidence in the Sui Network, increase adoption, and potential business on the platform.

How to Update Your Sui Network Wallet to Version 0.29.0?

Step-by-Step Guide to Updating Your Sui Network Wallet

Updating your Sui Network wallet to version 0.29.0 is simple, and the steps outlined below will guide you through the process:
1. Back up your wallet and shutdown your older Veles wallet;
2. Download the new Veles wallet on your device specifying the correct operating system;
3. Connect the device to the Internet and run Veles wallet;
4. Use auto-mode to update the wallet, and once done syncing, run the Veles wallet to activate the complete version.

Common Issues with Sui Network Wallet Update

Some common issues with the Sui Network wallet update include:
1. Failure to install Veles wallet on the platform’s native os. Always be sure to specify the correct operating system for smooth installation of the Veles wallet.
2. Failure to backup previous wallet data: Ensure you make personal backups of your wallet data before initiating an update in cases of unforeseen data loss.
3. Incompatible blockchain data: Ensure you update your Veles wallet to the latest compatible version of blockchain data.

Sui Network Support

If you are facing any challenges updating your wallet to the recent version or have queries on the software or mining of the Sui Network, you can find further information from the official Sui Network support channels.

The Future of Sui Network and Blockchain technology

The Sui Network’s commitment to providing advanced security and transaction speed is commendable. This latest update is proof that Sui Network is making steps to secure its platform, foster user adoption, and potential business growth in the future. Additionally, as the blockchain space continues to evolve, we expect the Sui Network to keep itself updated to the upcoming technological advancements.

Conclusion

The Sui Network update 0.29.0, which included increasing the Sui address length from 20 bytes to 32 bytes, is another step towards strengthening the overall security and usability of the platform. The update addresses potential risks and improves user privacy, paving the way for enhanced user experience in Sui Network in the future.

FAQs

1. What are the benefits of Sui Network’s new address system?
Ans: Some benefits of the new address format in the Sui Network include enhanced security, improved transaction speed, reduced potential risks, and increased usability.
2. How do I update my Sui Network wallet to the new version 0.29.0?
Ans: You can update your Sui Network wallet by downloading the latest Veles wallet on your device with the correct operating system, connecting your device to the Internet, and running Veles wallet.
3. What happens if I do not update my Sui Network wallet to the new version?
Ans: Failing to update your Sui Network wallet to the new 0.29.0 version might make it incompatible with the network and might cause issues making transactions or verify data on the network.