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 / Bitcoinist - 1 month ago
Among the most talked-about crypto developments in recent times is the rise of Mpeppe (MPEPE), a meme coin that is quickly becoming a force to reckon with in the crypto gaming ecosystem. Interestingly, Sui (SUI), a prominent player in the blockchain...
Bitcoin News / Bitcoinist - 1 month ago
As the 2024 US election cycle heats up, the crypto sector increasingly flexes its financial muscle, with players like Coinbase stepping into the political arena. In a recent Bloomberg report, it was revealed that while Donald Trump is courting crypto...
Cryptocoins News / Blockchain - 1 month ago
SuiPlay0X1, the first Web3 gaming handheld, starts preorders at $599. Integrates Sui games and Steam for a unique gaming experience. (Read More)
Bitcoin News / Bitcoinist - 1 month ago
As the cryptocurrency market braces for a volatile week, three tokensβArtificial Superintelligence Alliance (FET), Sui (SUI), and Mpeppe (MPEPE)βare capturing the attention of analysts and investors alike. These tokens represent a blend of establishe...
Bitcoin News / Bitcoinist - 1 month ago
The cryptocurrency market is always in flux, with new tokens and blockchain networks emerging to challenge the status quo. Recently, a significant movement has been observed among Sui (SUI) investors, particularly the so-called “whales” w...
Bitcoin News / Bitcoin.com - 1 month ago
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despit...
Cryptocoins News / Blockchain - 1 month ago
Artfi uses Sui's dynamic NFT technology to fractionalize high-end artworks, making blue-chip art investments accessible to a wider audience. (Read More)
Bitcoin News / Bitcoinist - 1 month ago
Sui (SUI), a Layer 1 blockchain renowned for its industry-leading performance and infinite horizontal scaling, has been making headlines with its latest collaboration with Fordefi. This partnership is set to bring institutional-grade security to the...
Cryptocoins News / CoinJournal - 1 month ago
Grand Cayman, Cayman Islands, August 28th, 2024, Chainwire
Fordefi brings institutional-grade security to the Sui Network
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has joined...
Bitcoin News / Bitcoinist - 1 month ago
Crypto investors are always on the run for the next big opportunity. Recently, two coins have captured the attention of savvy traders: Sui (SUI) and Mpeppe (MPEPE). Both of these digital assets are exhibiting bullish signals, prompting a rush of inte...
Cryptocoins News / Blockchain - 1 month ago
DARKTIMES, a medieval brawler royale game, leverages Sui blockchain for enhanced Web3 player engagement and asset ownership. (Read More)
Cryptocoins News / CoinJournal - 1 month ago
Sui (SUI) trades above a key support area, while Poodlana (POODL) is up 10% in the past 24 hours.
On the other hand, TON meme coin Dogs (DOGS) will list on Binance and other exchanges.& & & & & &
Sui (SUI) reached its h...
Bitcoin News / Google News Bitcoin - 1 month ago
Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC's Crypto Securities Lawsuit β Legal Bitcoin News& & Bitcoin.com News
Bitcoin News / Google News Bitcoin - 1 month ago
Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC's Crypto Securities Lawsuit& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 1 month ago
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, th...
Bitcoin News / Bitcoin.com - 1 month ago
The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly allegedȁ...
Bitcoin News / Bitcoinist - 1 month ago
In a significant legal setback for one of the crypto industry’s biggest exchanges, a California judge has ruled that cryptocurrency platform Kraken must face a lawsuit brought by the US Securities and Exchange Commission (SEC).
Kraken Faces Uph...
Cryptocoins News / Blockchain - 1 month ago
Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications. (Read More)