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What will be the market cap ranking of Sui Network by end of 2024?
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Story
Sui Network Launches Mysticeti Upgrade, Achieves 80% Faster Consensus with p50 400ms Latency
Jul 25, 2024, 06:00 PM
Sui Network has launched its major upgrade, Mysticeti, which significantly improves consensus performance. The new protocol reduces consensus time by 80% on the Testnet, achieving 390ms consensus and 640ms settlement finality. Mysticeti delivers p50 400ms consensus latency. This upgrade is a significant milestone in blockchain technology, showcasing the fastest overarching latency. The launch follows a 1 day 4 hour timer and on-chain governance vote, marking a historic moment for the lineage of Byzantine Fault Tolerant (BFT) work initiated by the '99 PBFT paper.
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