$SUI 🟠Sui (SUI) is a cryptocurrency network designed to offer high scalability, transaction speed, and security to users of decentralized applications (dapps). One of its most notable features is that it uses its own programming language, called Move, which allows for faster transactions. This feature, in itself, is what makes Sui one of the most used cryptocurrency networks for developing video games and NFTs. Sui was launched to the public in May 2023.

It was created by former engineers from Meta, the company behind Facebook, who formed Mysten Labs.

It uses a delegated proof-of-stake (PoS) consensus mechanism.

The Sui ecosystem includes platforms for the creation, gaming, and trading of NFTs.

Sui is a young platform with innovations, which represents a security challenge. The history of SUI is interconnected with Facebook and its early attempts to have its own cryptocurrency, which failed due to controversies and regulatory pressures. You will see: The SUI cryptocurrency was created by a team of former Meta engineers. Yes, we are talking about people who have worked for the same company founded by Mark Zuckerberg that represents Facebook, WhatsApp, and was once related to the Libra crypto asset project. This team, made up of Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias, founded a new company called Mysten Labs. The goal was to reuse the knowledge they had acquired with Libra to launch a cryptocurrency that was truly viable as a project. In this way, the Sui network was officially launched in March 2023.