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 year ago
Ethereum price prediction after markets dump on multiple negative news.
The New York Attorney has sued KuCoin for selling unregistered securities and not registering as a broker-dealer.
Ethereum price could flip even lower if bulls fail to consolida...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin, Ether Tumble as New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit& & CoinDesk
by COINS NEWS - 1 year ago
Same lawyer that represents over 70k of us xrp holders in the ripple case is looking for people to sign up to a class action lawsuit in favour of eth & basically saying fuck the sec and any latest plans to try to class eth as a security. John De...
Cryptocoins News / The Cointelegraph β - 1 year ago
The plaintiffs have until December to show cause as to why the two sports stars should not be dismissed from the lawsuit. A federal judge in Florida, United States, is...
Cryptocoins News / Blockchain - 1 year ago
A federal judge has denied a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange FTX. The plaintiffs, including Julie Papadakis, Michael Elliott Jessup, Stephen Pierce, Elliott Lam, and Russell Hawkins, acc...
Cryptocoins News / CoinJournal - 1 year ago
The NY state AG was able to buy and sell crypto on KuCoin.
KuCoin is however not registered in New York.
This is the AG’s eighth lawsuit against shadowy cryptocurrency platforms.
Letitia James, the New York state Attorney General, has announc...
Cryptocoins News / CoinJournal - 1 year ago
The NY state AG was able to buy and sell crypto on KuCoin.
KuCoin is however not registered in New York.
This is the AG’s eighth lawsuit against shadowy cryptocurrency platforms.
Letitia James, the New York state Attorney General, has announc...
Cryptocoins News / Finance Magnates - 1 year ago
<p>New York State Attorney General Letitia James filed suit against KuCoin on Thursday, alleging that the cryptocurrency exchange has been operating in the state without registering as a securities and commodities broker-dealer.
</p><p...
Bitcoin News / Bitcoin.com - 1 year ago
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General...
Bitcoin News / Bitcoinist - 1 year ago
The New York District Attorney General (NYDA), Letitia James, filed a lawsuit against crypto exchange KuCoin. According to a document filed with the Supreme Court of the State of New York against two companies running the trading venue in the U.S., P...
More / Etherum Reddit - 1 year ago
Issuing a stablecoin As the title says, I want to emit a stablecoin backed by real estate. I have been searching, the web, for info, but didn't find much so I ask here. What are the legal terms to issue a stable coin in EU and US? How do i conver...
Bitcoin News / Google News Bitcoin - 1 year ago
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security β Bitcoin News& & Bitcoin News
Cryptocoins News / The Cointelegraph β - 1 year ago
A U.S. judge denied the request to consolidate, saying that the defendants had not had the opportunity to respond. A federal judge has refused to consolidate several p...
Cryptocoins News / The Cointelegraph β - 1 year ago
A panel of three judges heard the sidesβ arguments and posed significantly more questions about the SECβs stance, leading to speculation about their leaning. A panel o...
Cryptocoins News / CoinJournal - 1 year ago
Thailand’s government will offer tax breaks for companies issuing investment tokens.
The government expects over $3 billion worth of investment token offerings over the next two years.
The move could attract more cryptocurrency companies...
Bitcoin News / Bitcoinist - 1 year ago
Grayscale, the world’s largest Bitcoin fund, is being sued by Alameda and FTX on behalf of FTX’s debtors and affiliates.
According to a press release issued by the FTX Debtors on Monday, claims have also been filed directly against Graysc...
Cryptocoins News / The Cointelegraph β - 1 year ago
The FTX debtors want to βunlockβ $9 billion in share value and management fees that they dispute through the Delaware Court of Chancery. Alameda Research has filed sui...
Bitcoin News / Bitcoin.com - 1 year ago
The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to re...
Bitcoin News / Google News Bitcoin - 1 year ago
Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP β Regulation Bitcoin News& & Bitcoin News