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 / Google News Bitcoin - 2 years ago
Polkadot Investors Can Now Participate In Governance Using Bitcoin Suisse's Custodial Cold Storage Solution& & HackRead
by COINS NEWS - 2 years ago
If you drop the charts and actually look outisde the windows, you will see the world is a total mess right now and it's now showing any signs of improvements. WHAT IS CREDDIT SUISSE? Credit Suisse is a global investment bank and al...
Bitcoin News / Bitcoinist - 2 years ago
Back at the beginning of the year, some notable celebrities had been named in a lawsuit over the alleged Ethereum Max (EMAX) scam. These celebrities included reality star Kim Kardashian, boxing legend Floyd Mayweather, as well as former professional...
Cryptocoins News / The Cointelegraph โ - 2 years ago
On this weekโs episode of The Market Report, Cointelegraphโs resident experts discuss the Credit Suisse situation and what impact it would have on the cryptocurrency market if it did coll...
Bitcoin News / Bitcoin.com - 2 years ago
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the wor...
by COINS NEWS - 2 years ago
The Credit Suisse stocks are currently falling harder and faster than in 2008 when we saw a major crash within the Banking System, as you all remember the infamous financial crisis that hit the world in 2008 with the collapse of Lehman Brothers...
Cryptocoins News / The Cointelegraph โ - 2 years ago
Members of the Ooki DAO are discussing various ways to respond to the recent lawsuit filed by the Commodity Futures Trading Commission. Members of the decentralized a...
by COINS NEWS - 2 years ago
Everyone saw her tweet right? It's extremely brash and not at all based in reality. It just highlights how little she knows about crypto. This feels like another "China is banning Bitcoin" theatre. Politicians and regulators should sta...
Cryptocoins News / Blockchain - 2 years ago
The regulator said Ooki DAO offered digital asset margin trading, which theyโre not permitted by law to do. (Read More)
Bitcoin News / Bitcoinist - 2 years ago
Ooki DAO is currently facing the force of the futures trading watchdog. The CFTC filed a lawsuit against the platform for offering services outside its authority.
The Commodity Futures Trading Commission stated that Ooki DAO offered digital asset mar...
Bitcoin News / Bitcoinist - 2 years ago
Ooki DAO is currently facing the force of the futures trading watchdog. The CFTC filed a lawsuit against the platform for offering services outside its authority.
The Commodity Futures Trading Commission stated that Ooki DAO offered digital asset mar...
Bitcoin News / Bitcoin.com - 2 years ago
The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. M...
Bitcoin News / Bitcoinist - 2 years ago
Weโll keep discussing the Tornado Cash situation because this is a watershed moment for the cryptocurrency industry. Lines are being drawn. The future of privacy for cryptocurrency-related operations is at stake. One could even say that the future of...
Bitcoin News / Google News Bitcoin - 2 years ago
Coinbase Receives Approval to Offer Full Suite of Crypto Products in Netherlands โ Exchanges Bitcoin News& & Bitcoin News
Bitcoin News / Bitcoin.com - 2 years ago
Crypto exchange Coinbase has received approval to offer its full suite of retail and institutional crypto products and services in the Netherlands. “We have taken strides to work collaboratively with government, policymakers, and regulator...
Cryptocoins News / Blockchain - 2 years ago
The Commodity Futures Trading Commission (CFTC) has filed its first lawsuit against a decentralized autonomous organization (DAO). (Read More)