$SUI In a blockchain industry in a race for efficiency, Sui stands out with an innovative approach that targets speed, reduced costs, and a seamless experience for developers and users. Created by former engineers from Meta (Facebook), Sui is a layer 1 developed by Mysten Labs and represents one of the most ambitious solutions for Web3.

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🔧 What is Sui?

Sui is a layer 1 blockchain, built with the Move programming language, derived from the language initially developed for the Diem project (formerly Libra). It is designed to support decentralized applications (dApps), NFTs, blockchain games, and DeFi – providing near-instant finality and parallel transactions.

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🚀 Key innovations of Sui:

• Parallel execution of transactions:

Unlike most blockchains, Sui allows the processing of transactions that do not influence each other concurrently, massively increasing processing speed.