Sui is a layer-1 blockchain optimizing for low-latency blockchain transfers. Its focus on instant transaction finality and high-speed transaction throughput make Sui a suitable platform for on-chain use cases like games, finance, and other real-time applications. Sui’s smart contracts are written in Move, a Rust-based programming language that prioritizes fast and secure transaction executions. Sui’s “horizontal scaling” is achieved through a process called “transaction parallelization,” allowing “parallel agreement” across different, independent types of transactions. Thanks to the organization of data as independent objects, transactions that are independent of one another are validated by Sui nodes via byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.
Sui was founded in 2021 by Mysten Labs founders Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias. The founders have extensive research and product experience in the areas of software language compilers, static analysis (programming security), distributed systems, cryptography, and cloud computing at companies such as Apple, Oracle, Microsoft, R3, and Facebook.
The Sui mainnet is scheduled to launch on May 3, 2023.Sui's native token, SUI, will be used for cybersecurity (verifier and delegate pledges), to pay for fuel, and as a requirement for future governance. The maximum SUI supply is set at 10 billion.
At Mainnet launch, roughly 5% of all tokens were in circulation with the remainder being released on a proposed schedule, to maintain network stability.The total supply has been apportioned in a manner to support those who contributed to the launch of Sui Mainnet and ensure its ongoing health through a vibrant, active community.
Above are only for introduction, not intended as investment advice.
Sui is a layer-1 blockchain optimizing for low-latency blockchain transfers. Its focus on instant transaction finality and high-speed transaction throughput make Sui a suitable platform for on-chain use cases like games, finance, and other real-time applications. Sui’s smart contracts are written in Move, a Rust-based programming language that prioritizes fast and secure transaction executions. Sui’s “horizontal scaling” is achieved through a process called “transaction parallelization,” allowing “parallel agreement” across different, independent types of transactions. Thanks to the organization of data as independent objects, transactions that are independent of one another are validated by Sui nodes via byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.
Sui was founded in 2021 by Mysten Labs founders Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias. The founders have extensive research and product experience in the areas of software language compilers, static analysis (programming security), distributed systems, cryptography, and cloud computing at companies such as Apple, Oracle, Microsoft, R3, and Facebook.
The Sui mainnet is scheduled to launch on May 3, 2023.Sui's native token, SUI, will be used for cybersecurity (verifier and delegate pledges), to pay for fuel, and as a requirement for future governance. The maximum SUI supply is set at 10 billion.
At Mainnet launch, roughly 5% of all tokens were in circulation with the remainder being released on a proposed schedule, to maintain network stability.The total supply has been apportioned in a manner to support those who contributed to the launch of Sui Mainnet and ensure its ongoing health through a vibrant, active community.
Above are only for introduction, not intended as investment advice.