$BTC
Developed by Masten Labs, designed to support scalable and fast decentralized applications (dApps). Officially launched in 2023, Sui offers a unique approach to blockchain engineering, focusing on low latency, high throughput, and improved user experience.
What distinguishes Sui is its use of the Move programming language, originally developed by Facebook's Libra project. Move allows developers to build secure and flexible smart contracts while reducing the risk of security vulnerabilities. Sui also introduces a new data model where individual objects can be processed in parallel, enabling massive transaction scalability - far exceeding what traditional blockchains like Ethereum or Solana offer.
SUI, the native token, is used for storage, governance, and paying transaction fees. The mechanism