Strategic Partnerships with Mysten Labs: the team behind Sui blockchain
Mysten Labs was launched in 2021 by former executives of Meta’s Novi Research and lead architects of the Diem blockchain and Move programming language. This is the team that is powering Sui Blockchain.
Through this Strategic Partnership, Chirp will leverage Sui’s decentralized, dynamic, and scalable technology to build the future of connectivity.
Blockchain of choice
Chirp is harnessing the power of decentralization to build the world’s most robust, seamless, and user-friendly network. As part of our plan to achieve this, we are conscious that the selection of the right blockchain is key. This is why we went through a thorough due diligence process before making our decision to build on top of Sui blockchain.
Conscious of the blockchain trilemma, we selected Sui as it is a cost-effective, secure and high-performance blockchain that supports smart contracts right out of the box. In fact, Sui public testnet recently peaked at 297,000 Transactions Per Second (for comparison, VISA network can handle 65,000 transactions per second). Combined with its unique gas mechanism, it ensures network fees are low and stable to users no matter how much demand there is for activity on the network. We believe this is a game-changer.
At the same time, it’s powered by Move language, which is a game-changer and has proven very beneficial for our blockchain developers, who have been able to increase their speed of delivery. It also enabled leaner integration into our systems. For us, this was also an indicator in terms of how fast the Sui Ecosystem is able to grow.
User experience: building for the end-user
User experience is built into our DNA. And this was a key criteria in our decision.
As per their Mysten Lab’s guidelines, “We want to make Sui the most accessible smart contracts platform; empowering developers to create great user experiences. We want Sui to be approachable to everyone, including end-users and content creators.”.
The partnership between Chirp and Mysten Labs is an exciting development for both companies, as it represents a significant step forward in the quest to accelerate the Internet of Everything. By leveraging the power of blockchain, Chirp will be able to increase the rate of technology deployment across the globe.
Mysten Labs is equally enthusiastic about the partnership, with Evan Cheng, co-founder and chief executive officer of Mysten Labs, initial contributor to the development of the Sui protocol, stating “Chirp is building the infrastructure for millions of users and billions of devices to connect on a decentralized network. While this is no small feat, the company’s strong team of experienced builders, network engineers, and telecom experts combined with Sui’s decentralized technology and capabilities make Chirp as well-positioned as any to execute on this mission”.
Our all-in-one platform will facilitate the execution of our strategy to grow global adoption across different segments. Third parties can build on top of the platform, extend its capabilities and grow utility for the network according to their own expertise. As a result, this will generate a positive spillover effect in terms of attracting more growth to the Sui blockchain in terms of number of users and transactions.