Sui: The First Blockchain Platform Dedicated to Asset Composability and Transparency

Overview

Sui is the first Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that cater for the next billion users in crypto. Developed by Mysten Labs, Sui is horizontally scalable to support a wide range of dApp development with unrivaled speed at low cost. The first-of-its-kind platform brings users a general-purpose blockchain with high throughput, instant settlement speeds, rich on-chain assets, and user-friendly web3 experiences. Sui is a step-function advancement in blockchain, designed from bottom up to meet the needs of the next billion users in crypto.

Highlights of Sui

Infinite scalability, fast transaction processing

The highlight of Sui is the ability to "scale horizontally", without any limitations this will add more nodes to Sui's platform, making Sui's infrastructure work. Fast and low gas fees despite the increasing demand for computation on the blockchain.

One of Sui's advantages over other blockchains is its high-performance platform, which can handle more than 120.000 token transfers per second. Thanks to a feature called “transaction parallelization”, this is an innovative way of managing blocks, resulting in higher throughput. Which most of the Layer 1 blockchains at the moment do not use this mechanism.

The Move programming language

Sui is written in Rust and supports smart contracts written in the Move programming language. Move is a programming language for writing secure smart contracts that was originally developed for the Diem blockchain project.

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