CandleFocus What Is Sui Network (SUI): The Ultimate Guide in 2024
2024-11-13
Author: Content Editor
Sui is a layer-1 blockchain that prioritizes quick and low-latency transactions, making it suitable for real-time applications such as gaming and DeFi. It utilizes a transaction parallelization model to achieve high throughput, processing nearly 300,000 transactions per second. Sui has gained traction in the crypto market, with its native coin reaching an all-time high and its daily active addresses peaking in September 2024. The network incorporates zero-knowledge proofs for transaction security and privacy, and it operates on a DPoS consensus mechanism. Sui's architecture is built on an object-oriented system, allowing for dynamic asset management and increased flexibility for developers. The protocol uses the Move programming language and has a fixed supply of 10 billion tokens. Sui has attracted funding from notable investors and has partnerships to enhance its capabilities. Its adaptability, scalability, and security make it a competitive option in the blockchain space.
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