$SUI Among the rising stars, one cryptocurrency is attracting particular interest: SUI. It is based on a blockchain of the same name. Designed to overcome the limitations of previous generations of blockchains, SUI is positioned as an innovative platform.
With less than a year of existence, the project has climbed to 60th place in terms of market capitalization. Let’s take a closer look at the technology and crypto behind this fine performance.
History :
Launched in May 2023, the SUI crypto project is Layer 1 blockchain (like Bitcoin or Ethereum) with an innovative concept.
Project presentation :
SUI aims to offer high-speed transactions, instant processing and scalability thanks to its use of the Move programming language, based on Rust.SUI’s key feature is its ability to process transactions in parallel, keeping transaction costs low. Coming from the same base, it is often compared to Aptos with which it shares some of its technology.
The project managers mainly promote projects related to gaming and commerce.
SUI’s developers claim that they can process nearly 300,000 transactions per second which is far more than the Bitcoin or Ethereum (for example, Bitcoin processes 7 transactions per second, while Ethereum processes an average of 40 transactions per second). In fact, in most traditional blockchains, transactions are processed sequentially, meaning that one transaction must be completed before another can begin.
This sequential model creates a bottleneck that can limit overall throughput and increase latency, especially during periods of high demand.
