SUI Network, new blockchain, new challenge...


SUI is a new blockchain platform that aims to bring a unique approach to the world of crypto. This blockchain is designed to be fast, secure, and scalable, with the goal of supporting a wide range of applications and use cases. SUI offers a number of key features that set it apart from other blockchain platforms, including its consensus algorithm, smart contract capabilities, and governance model. One of the key features of SUI is its consensus algorithm, which is designed to be both fast and secure. The platform uses a hybrid consensus mechanism that combines proof of work (PoW) and proof of stake (PoS) algorithms to ensure that transactions are processed quickly and securely. This allows for high transaction throughput and low latency, making it well-suited for a variety of use cases. SUI also offers a powerful smart contract platform, which allows developers to create complex applications and services that run on the blockchain. These smart contracts are Turing complete and can be written in a variety of programming languages, including Move and JavaScript. This makes it easy for developers to create and deploy decentralized applications (dApps) on the SUI blockchain. In addition, SUI has a unique governance model that allows token holders to participate in the decision-making process for the platform. This ensures that the community has a voice in the development of the blockchain, and helps to ensure that the platform evolves in a way that meets the needs of its users. Overall, SUI represents an exciting new addition to the world of crypto, with a focus on speed, security, and scalability. With its unique combination of features and capabilities, it is well-positioned to support a wide range of applications and use cases, and has the potential to become a major player in the blockchain ecosystem.

Answers 2

Does anybody know when Wave 3 Testnet start? They said this is the final Testnet version which will go on even after Mainnet is online. I am really excited to try new features.

There are several other awesome features that I really like about Sui: 1. Object ownership at the level of blockchain. The concept of object is at the core of Sui. Objects can be owned by address, other objects, or shared. Basically, any information stored on Sui blockchain is NFT. 2. Sponsored transactions allow application developers to cover transaction fees for their users and increase user adoption of Web3. 3. And of course super fast transaction confirmation and the ability to handle up to 100,000 TPS in the near future!