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.
by COINS NEWS - 4 months ago
Hello! Newbie here. Trying my best to learn & have read many many threads on this topic but no further forward. Just more confused. I don't want hardware wallets... Yet. So don't respond with trezor etc please. Right now I want my small...
Cryptocoins News / Finance Magnates - 4 months ago
Two individuals have filed a civil claim against Hong
Kong-based cryptocurrency exchange JPEX, seeking to recover over HK$1.85
million. This lawsuit is the first civil action related to an alleged fraud
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In a recent development, cryptocurrency exchange Binance has moved to dismiss the majority of a Β£10 billion ($12.8 billion) lawsuit filed in London, as reported by Reuters.Β
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Crypto exchange Binance today (Wednesday) sought to dismiss
a large portion of a London lawsuit, valued at up to 10 billion pounds ($12.8
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Bitcoin News / Bitcoin.com - 4 months ago
Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsui...
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OKX TR announces an exclusive Sui Learn & Earn campaign, rewarding users who complete specific tasks by July 5, 2024. (Read More)
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Cryptocoins News / Blockchain - 4 months ago
Atoma's AI network integrates with Sui Blockchain, enhancing capabilities for DeFi, gaming, and more. (Read More)
Cryptocoins News / CoinJournal - 4 months ago
Grand Cayman, Cayman Islands, May 30th, 2024, Chainwire
The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities
Sui, the Layer 1 blockchain that offers industry-leading perfor...
Cryptocoins News / CoinJournal - 4 months ago
Austin, Texas, May 29th, 2024, Chainwire
Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers.
Sui, the Layer 1 blockchain offering industr...
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The Portuguese footballer Cristiano Ronaldo has informed his 111 million followers on the social media platform X to prepare for the unveiling of his latest collection of non-fungible tokens (NFTs) on Binance. In a post dated May 24, Ronaldo encourag...