The live price of Sui (SUI) today is 1.697 USD, and with the current circulating supply of Sui at 528,273,718 SUI, its market capitalization stands at 896,459,646 USD. In the last 24 hours SUI price has moved ? USD or 0.00% while ? USD worth of SUI has been traded on various exchanges. The current valuation of SUI puts it at #103 in cryptocurrency rankings based on market capitalization.
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The Sui Blockchain is designed to revolutionize the industry by achieving unprecedented speed and scalability. Its innovative approach capitalizes on the fact that a large number of blockchain transactions involve non-overlapping states, enabling parallel processing. Additionally, Sui optimizes for single-writer objects, eliminating the need for consensus in simple transactions.
Sui supports smart contracts written in Sui Move, a powerful asset-centric adaptation of Move for the Sui blockchain, enabling strong inherent security and a more understandable programming model. With near-instant finality and low latency, Sui is an essential enabler for incorporating transactions into games and other settings that require real-time completion.
Sui is a distributed ledger that stores programmable objects with globally unique IDs. Each object is owned by a single address, and each address can own multiple objects. Transactions sent by a particular address update the ledger by creating, destroying, and writing objects, as well as transferring them to other addresses.
Validators on the Sui blockchain process transactions involving exclusively owned objects without requiring consensus, executing transactions in parallel at high throughput using Byzantine Consistent Broadcast. For transactions involving shared objects, validators employ Bullshark, a high-throughput DAG-based consensus protocol.
Sui's innovative architecture allows it to process transactions more quickly and efficiently than traditional blockchains. Its unique consensus mechanism and parallel processing capabilities enable it to handle a large number of transactions simultaneously, making it suitable for use cases requiring high transaction throughput.
Sui's parallel processing capabilities enable it to handle a large number of transactions simultaneously, making it suitable for use cases requiring high transaction throughput. This is particularly beneficial for gaming and real-time applications, which require low latency and near-instant transaction finality.
Sui Move, the smart contract language used on the Sui blockchain, is designed to provide strong inherent security. Its asset-centric approach and understandable programming model make it easier for developers to create secure, robust smart contracts.
While Sui does not specifically focus on privacy features, its architecture provides some inherent privacy benefits. Transactions involving exclusively owned objects can be processed without consensus, reducing the exposure of transaction details to the entire network.
Sui is built on a decentralized network of independent validators, each running its own instance of the Sui software on separate machines or clusters of machines. This ensures that no single entity can control the network or manipulate the blockchain.
The Sui project is led by a team of experienced blockchain developers, engineers, and researchers. The team's expertise spans various fields, including distributed systems, cryptography, game theory, and programming languages. Together, they are committed to creating a high-performance, scalable, and secure blockchain platform.
Sui Blockchain's primary use cases include: