what is SUİ

Sui is a next-generation Proof-of-Stake (PoS)-based blockchain developed by Mysten Labs since 2021. The Sui platform is written in the Rust programming language. It supports smart contracts written in a Rust-based programming language called Move. Sui is the only blockchain that can scale with the growth of Web3.

Sui has gained a lot of momentum in the past few months and is seen as a rival to the Aptos blockchain, another layer-1 protocol founded by former Meta employees. Aptos and Sui both use the same programming language called Move. Sui blockchain performs transactions more quickly by doing them all at once instead of repeatedly. Some features of Sui blockchain are as follows: A secure smart contract language is available to main developers. Better user experience for Web3 applications. It offers the opportunity to create smart contracts in a shorter time. Sui blockchain has low transaction fees, horizontal scaling and high-speed transaction capacity. It has the ability to identify rich and composable on-chain assets. They can create more utilities in NFTs and store them directly on chain. Unmatched scalability, instant solution. As assets, they live directly in users' accounts, not in someone else's smart contract. Users of the Sui blockchain can send assets first and open the account later, thanks to the upcoming feature. Sui uses Proof of Stake, which consumes less energy and is environmentally friendly. Narwhal and Tusk feature DAG-based mempool and efficient Byzantine Fault Tolerant (BFT) consensus mechanism. Sui is a new layer-1 chain that promises to operate at a speed and scale previously thought unattainable. It aims to “address the user in the Web3 sector” and offer decentralized application (dApp) distribution by competing with existing smart contract-supported blockchains such as Ethereum. What is Sui? Sui is a layer-1 blockchain network developed to enable low-latency blockchain transactions. Its focus on instant transaction accuracy and high-speed transaction throughput makes Sui a suitable platform for on-chain use cases such as games, finance and other real-time applications. Sui's smart contracts are coded in Move, a Rust-based programming language that prioritizes fast and secure transaction executions.