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 / Bitcoin.com - 1 year ago
The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and...
Cryptocoins News / Finance Magnates - 1 year ago
Ripple Labs is facing another civil securities lawsuit for “misleading statements” made by its CEO, Brad Garlinghouse, in a 2017 interview. A California federal court judge has greenlighted the lawsuit but denied a summary judgment, meaning a jury wi...
Bitcoin News / Bitcoin.com - 1 year ago
A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as o...
Bitcoin News / Bitcoinist - 1 year ago
Australian mining magnate Andrew Forrest scored a legal victory against Meta Platforms this week after a US judge rejected the company’s attempt to dismiss his lawsuit. Forrest alleges Meta (which owns and operates Facebook, Instagram, Threads,...
Cryptocoins News / Finance Magnates - 1 year ago
A Nigerian court has dismissed a fundamental rights enforcement lawsuit filed by Nadeem Anjarwalla, Binance's executive, the local media publication Vanguard reported. This turn
of events occurred following Anjarwalla’s escape from lawful custody to...
Cryptocoins News / Blockchain - 1 year ago
Sui's Fastcrypto library achieves new speed records in cryptographic functions through continuous benchmarking, as highlighted at the ICPE 2024 conference. (Read More)
Bitcoin News / Bitcoin.com - 1 year ago
Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the...
Cryptocoins News / Blockchain - 1 year ago
SuiNS updates its naming standard from .sui to @, enhancing identity consistency across Web2 and Web3 platforms. (Read More)
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s dec...
More / Bitcoin Reddit - 1 year ago
Currently in a lawsuit with coinbase and Verizon. I was victim of a swim swap and hacker got into my account and stole $250k worth of crypto from coinbase wallet. Just wondering if anyone else had this experience and if they had luck with lawsuit....
Cryptocoins News / Blockchain - 1 year ago
Pointdot utilizes Leonardo's AI tools to enhance marketing campaigns, offering innovative solutions to clients. (Read More)
Cryptocoins News / Blockchain - 1 year ago
Sui Testnet now offers secure native randomness, enhancing app development with new possibilities. (Read More)
Cryptocoins News / Blockchain - 1 year ago
Sui Bridge goes live on Testnet with incentives for testers. Secure and seamless asset transfers between Ethereum and Sui. (Read More)
Cryptocoins News / Blockchain - 1 year ago
Sui Foundation funds 20 university teams for blockchain research, focusing on scalability, privacy, and AI tools. (Read More)
Cryptocoins News / Blockchain - 1 year ago
New high-performance mining technique Truncator enhances blockchain efficiency and security. (Read More)
Cryptocoins News / Blockchain - 1 year ago
Sui Generis leverages Sui technology to build a thriving NFT art community. (Read More)
by COINS NEWS - 1 year 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 - 1 year 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
case involving more than 2,600 victims with tot...
Bitcoin News / Bitcoinist - 1 year ago
In a recent development, cryptocurrency exchange Binance has moved to dismiss the majority of a £10 billion ($12.8 billion) lawsuit filed in London, as reported by Reuters.
The lawsuit, being heard at the Competition Appeal Tribunal (CAT), accuses B...
Cryptocoins News / Finance Magnates - 1 year ago
Crypto exchange Binance today (Wednesday) sought to dismiss
a large portion of a London lawsuit, valued at up to 10 billion pounds ($12.8
billion), over allegations of collusion to "delist" the Bitcoin
Satoshi Vision (BSV) cryptocurrency.London Lawsu...
Bitcoin News / Bitcoin.com - 1 year 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...