Sui
Sui is an innovative layer-1 blockchain platform crafted to meet the demands of global adoption, providing a secure, robust, and scalable development environment. Rooted in a unique object-centric data model and fortified by the trusted Move programming language, Sui is engineered to tackle the inefficiencies found in current blockchain frameworks.
In addition to its solid technical underpinnings, Sui places a strong emphasis on user experience, aiming to remove common barriers encountered in blockchain interactions. Through groundbreaking features such as zkLogin, sponsored transactions, and programmable transaction blocks, Sui sets a new standard for user accessibility and friendliness within Web3 applications.
Unique elements of Sui
Sui’s innovative architecture ensures swift transactions with stable fees and high throughput through horizontal scaling. Its object-oriented design offers deep composability for developers, enabling tailored object types with network-wide compatibility. This revolutionizes asset and protocol collaboration, fostering product innovation.
The platform's object-oriented approach dramatically improves transaction processing, enabling parallel execution and faster completion times. Additionally, unique consensus requirements expedite transaction finalization while maintaining stability. Sui prioritizes overcoming Web3 adoption barriers, offering native tools like zkLogin and sponsored transactions for wallet onboarding and fee management.
Move integration into Sui's data model combines innovation with security, mitigating common exploits found in smart contract languages. This empowers developers and users with a secure and intuitive platform, accelerating the evolution of Web3 applications.
About the Sui token
The SUI token serves four primary functions within the Sui ecosystem:
Proof-of-stake participation - Sui implements a delegated proof-of-stake mechanism, rewarding honest behavior by validators and SUI token holders who stake with them.
Gas fee payments - SUI tokens cover gas fees for executing transactions and storing data onchain.
Application utility - SUI is a versatile asset, integral to various applications within Sui’s ecosystem, including decentralized exchanges, lending platforms, gaming, and more.
Governance - The SUI token empowers holders to participate in on-chain voting on significant matters like protocol upgrades and platform changes, shaping the future of Sui.
Additionally, the Sui storage fund ensures fair compensation for validators by distributing stake rewards over time and covering storage costs for previously stored on-chain data. This tokenomic strategy promotes indefinite data storage while maintaining fair compensation for validators, fostering long-term sustainability.
Bitcoin News / Bitcoin.com - 1 year ago
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Cryptocoins News / EthereumWorldNews - 1 year ago
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Cryptocoins News / CoinJournal - 1 year ago
SEC sued Binance for violating securities laws on Monday.
Here’s what Binance said in its response to the regulator.
Coinbase Global ended 10% down on today’s development.
Binance is in focus on Monday after the U.S. Securities and Exch...
More / Bitcoin Reddit - 1 year ago
Funny how all of this bad news tends to come out whenever Bitcoin is sitting on some type of macro support level, such as the bottom of the ascending channel that we have been building since late January. I wouldn't be the least bit surprised if...
Bitcoin News / Bitcoin.com - 1 year ago
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Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange.Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit agai...
by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoinist - 1 year ago
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by COINS NEWS - 1 year ago
The lawsuit has pretty much come to an end and we are waiting to see how the judge is going to rule on summary judgement. Itβs the only thing left in the lawsuit. The only other possible outcome is a settlement though that seems highly unlikely at t...
Bitcoin News / Bitcoin.com - 1 year ago
Elon Musk, the CEO and product architect of Tesla, has been accused of insider trading in a class-action lawsuit involving the meme coin dogecoin (DOGE). The plaintiffs accuse Musk of inflating the price of DOGE by 30% when he changed Twitter’s...
Cryptocoins News / CoinJournal - 1 year ago
Sui Blockchain made headlines by partnering with RedBull Racing.
Jasmy has formed a rising wedge pattern on the hourly chart.
AVAX has formed a double-bottom pattern.
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Cryptocoins News / The Cointelegraph β - 1 year ago
Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions....
Cryptocoins News / The Cointelegraph β - 1 year ago
The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space. The Sui net...
Cryptocoins News / Finance Magnates - 1 year ago
A group of
investors in a class action suit have accused Elon Musk, Tesla and SpaceX's CEO, of
adopting several manipulative techniques to influence the price of Dogecoin in order to trade at a profit at their expense, Reuters reported on Thursday. T...
Cryptocoins News / The Cointelegraph β - 1 year ago
βThis is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading,β said the amended complaint. A g...
by COINS NEWS - 1 year ago
After the Ledger debacle last weeks I've decided to do something I never did: read the Terms of Service (ToS) of both Ledger Live and Trezor Suite. I was looking for things related to data privacy and personal data handling, specially when you us...