Sui is a first-tier blockchain designed to address certain challenges associated with Web3.
On February 1st, Sui will unlock 64,190,000 SUI tokens, which is roughly 2.13% of the tokens currently in circulation.
About Sui
Sui is a first-tier blockchain that aims to solve specific problems related to Web3.
One of the key innovations that Sui introduces is parallel transaction execution. On other platforms that execute smart contracts, transactions are processed one by one, typically in the order that they are received. This can result in lengthy processing times. However, the Sui blockchain accepts transactions in parallel, and simple operations are executed off-chain, allowing them to be completed almost instantly.
The Sui network integrates smart contracts through the Sui Move language, which is an enhanced version of the Move language. Move is a programming language that is designed to complement the Rust language and focuses on enabling fast and secure transaction execution.
SUI is the native token of the Sui blockchain. Tokens can be used for staking and to pay for gas fees in the Sui PoS network.
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