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.
Cryptocoins News / CoinJournal - 1 month ago
Arthur Hayes, co-founder of BitMEX, insists that Bitcoin (BTC) will have a strong week because of potential market shifts, which might benefit altcoins like Sui (SUI). On the other hand, a decentralized FX trading DeFi platform with advanced features...
Cryptocoins News / Finance Magnates - 1 month ago
Kraken, which is facing several allegations brought by the Securities and Exchange Commission (SEC), is now seeking a jury trial in the lawsuit against it, according to a court filing on Thursday. The exchange also argued that the existing legal fram...
Cryptocoins News / CoinJournal - 1 month ago
Grayscale’s launch of SUI Trust has boosted SUI price by over 16% to above $1.
The new Grayscale trust provides institutional investors with a new entry point into SUI.
Institutional endorsements are increasingly influencing cryptocurrency val...
Bitcoin News / Bitcoin.com - 1 month ago
On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick tra...
Cryptocoins News / Blockchain - 1 month ago
Atomic Wallet has won a dismissal in a $100 million class-action lawsuit related to a hack, citing lack of jurisdiction over the Estonia-based company. (Read More)
Cryptocoins News / CoinJournal - 1 month ago
US judge dismissed a class-action lawsuit against Atomic Wallet due to no jurisdiction.
The court ruled that there was insufficient evidence and that there was no deliberate Colorado targeting.
Plaintiffs have 21 days to justify claims against share...
Bitcoin News / Bitcoinist - 1 month ago
Investors are always on the lookout for the next big thing. Recently, a Sui (SUI) millionaire made headlines by channeling his recent profits into Mpeppe (MPEPE), a rising star in the world of gambling and decentralized finance (DeFi). With the poten...
Bitcoin News / Bitcoinist - 1 month ago
With Sui (SUI) poised for a major breakout above the $1 mark, excitement is building among investors. At the same time, the innovative meme coin Mpeppe (MPEPE) is gaining momentum, aiming to establish itself as a dominant player in the crypto space,...
Bitcoin News / Bitcoinist - 1 month ago
Sui (SUI) and Mpeppe (MPEPE) are two coins that experts believe deserve a spot in your portfolio. With unique offerings in decentralized finance (DeFi), sports fandom, and online gaming, these two tokens are making waves in the crypto world. Let̵...
Bitcoin News / Bitcoinist - 1 month ago
The cryptocurrency market has been a rollercoaster in 2024, but amidst the volatility, Sui (SUI) and Mpeppe (MPEPE) are emerging as top gainers. Both projects have caught the attention of Ethereum (ETH) investors seeking quick profits and diversifica...
Bitcoin News / Bitcoinist - 1 month ago
In the ever-evolving world of cryptocurrency, few coins have captured the attention of both analysts and investors like Sui (SUI) and the up-and-coming Mpeppe (MPEPE). With Sui (SUI) recently experiencing a 20% price surge and establishing itself as...
Cryptocoins News / Finance Magnates - 1 month ago
Coinbase's legal troubles deepened last week after a
US judge allowed a class action lawsuit from shareholders to move forward. The
lawsuit claims the crypto exchange misled investors about its exposure to
regulatory risks, particularly from the US S...
Cryptocoins News / CoinJournal - 1 month ago
Judge allows parts of Coinbase’s shareholder lawsuit to proceed on negligence claims.
Plaintiffs allege Coinbase misled about regulatory risks; some claims dismissed.
Coinbase remains confident and committed to defending against the remaining...
Bitcoin News / Bitcoinist - 1 month ago
The crypto world is buzzing with exciting developments, and two notable projects have taken center stage in recent days: Sui (SUI) and Mpeppe (MPEPE). While Sui is making waves (quite literally) with its revolutionary radio wave banking technology, M...
Cryptocoins News / Blockchain - 1 month ago
AUSD stablecoin launches on Sui, enhancing the network's utility, accessibility, and interoperability, according to The Sui Blog. (Read More)
Cryptocoins News / CoinJournal - 1 month ago
Grand Cayman, Cayman Islands, September 5th, 2024, Chainwire
After successful launches on other major networks, AUSD has deployed on Sui, tapping into the scalable, high-performance network and strengthening Sui’s stablecoin ecosystem.
Agora, t...
Cryptocoins News / Blockchain - 1 month ago
Explore how SuiNS evolved from a naming service to a community-driven identity solution and its future plans for decentralization and $NS token launch. (Read More)