Skeptical about yet another up and coming blockchain entering the space? At first glance, it might seem like hype, but Sui is a different story.
What exactly is Sui?
Created by former Meta engineers, Sui is not your average L1 blockchain. Sui has a mission to change digital finance with faster transactions and better security features. Unlike traditional blockchains, Sui was designed for speed, scalability and safety. Making it one of the most promising projects at the moment and its price lately has been proving it.
While yes, it shares some foundational similarities with both Ethereum and Bitcoin, what Sui offers though is significant improvements that put it in a league of its own. One of its standout features is the Move programming language which is an innovative language optimized for secure, parallel processing of transactions. This positions Sui as more than just a cryptocurrency, it’s a complete ecosystem for decentralized applications.
How does Sui work?
At the heart of Sui’s operation is its Delegated Proof of Stake (DPoS) consensus mechanism, an alternative to traditional Proof of Work (POW) systems like Bitcoin’s. This setup lets Sui to achieve high speed transactions and remarkable scalability, all while also consuming…
