SUI

About SUI token

Sui is one of the decentralized blockchains developed by Mysten Labs, like others, is offering high scalability as well as low transaction costs. Sui is built on the new Move programming language which enhances the execution of smart contracts, supporting the development of a large number of decentralized applications (dApps). Its programmable smart contracts also enable faster transactions to as they automatically yield via parallel transaction processing. Sui fundamentally differs from other chains due to its object-oriented approach which allows for transaction parallelism, individual ownership, and object-centric management. This fosters an unrivaled increase in speed while diminishing congestion within the network. Sui maintains a decentralized and secure framework through the reliance of proof of stake consensus mechanisms. This design focuses on the overall system performance improvement for gaming, social networks, finance, and NFTs. Therefore, the goal of the initiative is enhance Blockchain’s reach and utility towards users and developers.