Sui: Optimizing Blockchain Transfers for Low-Latency Transactions
Sui is a layer-1 blockchain platform designed to prioritize low-latency blockchain transfers. With its focus on instant transaction finality and high-speed transaction throughput, Sui provides a suitable platform for various on-chain use cases, including games, finance, and real-time applications.
Sui's smart contracts are built using Move, a Rust-based programming language that emphasizes fast and secure transaction executions. This ensures that transactions on the Sui network are processed efficiently and reliably.
Key Features of Sui
- Low-latency blockchain transfers
- Instant transaction finality
- High-speed transaction throughput
- Smart contracts written in Move programming language
- Optimized for on-chain use cases
Transaction Parallelization and Byzantine Fault-Tolerant Proof-of-Stake Consensus
Sui achieves horizontal scaling through a process called "transaction parallelization." This allows for parallel agreement across different types of transactions that are independent of each other.
Transactions on the Sui network are validated by Sui nodes using a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism. This ensures the security and integrity of the network.
Website and Exchanges
For more information about Sui, you can visit their official website: https://sui.io/
Sui is listed on various exchanges, including MEXC, DigiFinex, Binance, Bitget, OKX, BitMart, Gate.io, WhiteBIT, Huobi, BTSE, KuCoin, Bybit, Phemex, Crypto.com Exchange, Coinbase Exchange, Bitfinex, BingX, Cetus, Kraken, CoinW, AscendEX (BitMax), CoinEx, EXMO, Nominex, CoinCatch, Suiswap, Poloniex, Bitstamp, Upbit, SafeTrade, Paribu, BlueMove, and BTCMarkets.
Market Cap Rank and Price Change
Sui currently holds the 91st rank in terms of market capitalization. Over the past 30 days, the price of Sui has seen a change of 91 percent.
Frequently Asked Questions (FAQ)
- What is Sui?
- Sui is a layer-1 blockchain platform optimized for low-latency blockchain transfers. It is designed for on-chain use cases such as games, finance, and real-time applications.
- What programming language is used for smart contracts on Sui?
- Smart contracts on Sui are written in Move, a Rust-based programming language.
- How does Sui achieve horizontal scaling?
- Sui achieves horizontal scaling through transaction parallelization, allowing parallel agreement across different types of independent transactions.
- What consensus mechanism does Sui use?
- Sui uses a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism for transaction validation.