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What is SUI coin? Introduction to the issue price, total amount and white paper of SUI coins
SUI's object-oriented data model facilitates easy development and updates for smart contracts, contributing to its user-friendly nature.
Oct 11, 2024 at 05:12 pm
What is SUI Coin?
SUI is a layer-1 blockchain designed to accommodate high transaction throughput, low latency and the usability of token-gated applications.
Issue Price and Total Amount
- Issue price: $0.13 per SUI token
- Total amount: 10 billion SUI tokens
- Circulating supply: 3.6 billion SUI tokens (as of March 2023)
White Paper:
The SUI white paper outlines the technical specifications and design principles of the blockchain:
Key Features:
- Parallel Execution: SUI employs a novel transaction processing engine called Narwhal that allows transactions to be executed in parallel, significantly increasing throughput.
- Object-Oriented Data Model: SUI uses an object-oriented data model that stores data in a structured manner, making it easier to develop and update smart contracts.
- Move Programming Language: SUI utilizes the Move programming language, specifically designed for implementing secure and scalable smart contracts.
- Token-Gated Applications: SUI's infrastructure supports the integration of token-gated applications, where access to specific resources is controlled by holding certain tokens.
Research and Development:
SUI is backed by a team of experienced engineers from Meta (formerly Facebook) and other leading technology companies. The project has received significant funding and support from venture capital firms and blockchain ecosystem stakeholders.
Partnerships and Integrations:
SUI has established partnerships with various ecosystem players to enhance its utility and development:
- Conflux Network: Integration with Conflux allows for cross-chain interoperability between SUI and other blockchains.
- Rainbow Wallet: Support for hardware-based wallet services provides enhanced security for SUI token storage.
- Unstoppable Domains: Collaboration to enable the use of human-readable domains on SUI-based applications.
Conclusion:
SUI is a promising layer-1 blockchain that aims to address the limitations of scalability, usability, and developer experience in the blockchain ecosystem. Its unique technical features and partnerships position it for potential growth and adoption in the future.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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