$1.02

Sui is a layer-1 blockchain designed for global adoption, offering a secure, scalable, and user-friendly platform. It uses an object-centric data model and the Move programming language to improve upon existing blockchain architectures. Sui focuses on enhancing user experience through features like zkLogin, sponsored transactions, and programmable transaction blocks, making Web3 applications more accessible and intuitive.

Sui was originally developed by Mysten Labs, a team of former lead architects from Meta's blockchain research division. The founders include Evan Cheng (CEO), who has over 24 years of experience building developer tools at Apple and Facebook; Adeniyi Abiodun (CPO), with leadership roles at Oracle, VMware, and Facebook; Sam Blackshear (CTO), creator of the Move language; George Danezis (Chief Scientist), a professor at University College London; and Kostas Chalkias (Chief Cryptographer), with over a decade of experience in cryptography roles at major tech companies.

Sui's architecture enables low-latency transactions with stable fees, high throughput via horizontal scaling and parallel execution, and robust developer tools. Its object-oriented design is central, allowing everything on the network to be an object, which facilitates composability and safety. By defining explicit transaction dependencies, Sui can process transactions in parallel, and certain transactions can bypass consensus to achieve faster finality, setting it apart from other blockchains.

The total supply of SUI tokens is capped at 10 billion. These tokens serve multiple purposes: they are used for staking in a delegated proof-of-stake mechanism, paying gas fees, and as a liquid asset within applications like exchanges and games. Additionally, SUI holders will have governance rights to vote on protocol updates. A storage fund also exists to compensate validators for data storage costs over time.

Sui secures its network using delegated proof-of-stake (dPoS), which protects against sybil attacks. The network employs two protocols: Narwhal, which manages a mempool for a directed acyclic graph, and Bullshark, which validates and finalizes transactions from that mempool. Some transactions can bypass consensus via Byzantine Consistent Broadcast, achieving finality in under half a second. In testing, this design has achieved over 297,000 transactions per second.

SUI is available for purchase on several major centralized exchanges, including Binance, Coinbase, KuCoin, Bybit, Kraken, and Bitfinex.

SuiNS is a naming service that assigns identifiers like 'alice.sui' to Sui accounts, simplifying transactions by linking names to accounts. These names are NFTs stored in users' wallets, ensuring ownership benefits. Users can also attach avatar NFTs to their names, leveraging Sui's composable object support. Additionally, SuiNS allows IPFS websites, enabling users to create simple or complex web pages linked to their names.