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 / EthereumWorldNews - 2 years ago
Summary:
The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange.Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit agai...
by COINS NEWS - 2 years ago
Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm. Crypto influencers a...
Bitcoin News / Bitcoinist - 2 years ago
Keyur Rohit, a self-denominated “crypto influencer”, has weighed in on the recent Dogecoin (DOGE) lawsuit against Elon Musk. Rohit has expressed his disappointment in Musk’s alleged actions, stating that they go against the core pri...
by COINS NEWS - 2 years ago
The lawsuit has pretty much come to an end and we are waiting to see how the judge is going to rule on summary judgement. Itβs the only thing left in the lawsuit. The only other possible outcome is a settlement though that seems highly unlikely at t...
Bitcoin News / Bitcoin.com - 2 years ago
Elon Musk, the CEO and product architect of Tesla, has been accused of insider trading in a class-action lawsuit involving the meme coin dogecoin (DOGE). The plaintiffs accuse Musk of inflating the price of DOGE by 30% when he changed Twitter’s...
Cryptocoins News / CoinJournal - 2 years ago
Sui Blockchain made headlines by partnering with RedBull Racing.
Jasmy has formed a rising wedge pattern on the hourly chart.
AVAX has formed a double-bottom pattern.
Cryptocurrency prices remained in a consolidation mode this week even after...
Cryptocoins News / The Cointelegraph β - 2 years ago
Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions....
Cryptocoins News / The Cointelegraph β - 2 years ago
The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space. The Sui net...
Cryptocoins News / Finance Magnates - 2 years ago
A group of
investors in a class action suit have accused Elon Musk, Tesla and SpaceX's CEO, of
adopting several manipulative techniques to influence the price of Dogecoin in order to trade at a profit at their expense, Reuters reported on Thursday. T...
Cryptocoins News / The Cointelegraph β - 2 years ago
βThis is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading,β said the amended complaint. A g...
by COINS NEWS - 2 years ago
After the Ledger debacle last weeks I've decided to do something I never did: read the Terms of Service (ToS) of both Ledger Live and Trezor Suite. I was looking for things related to data privacy and personal data handling, specially when you us...
Cryptocoins News / CoinJournal - 2 years ago
The deal will see Sui roll out a series of digital experiences for racing fans.
At press time, the SUI token was trading at $0.9587, down 1.07%.
Oracle Red Bull Racing has made several crypto partnerships recently including with Bybit.
Sui Blockcha...
by COINS NEWS - 2 years ago
Suiswap with $200M FDV and a valuation of $10 Billion seems to have been copying homework of other players in the game. The metadata for the SuiSwap site is a picture of AptosSwap. The devs literally could not be bothered to change the metadata...