$SUI (SUI) is a high-performance Layer 1 blockchain, designed for the next generation of Web3 applications. Here are 10 highlighted features:
* Object-Centric Design: Unlike other blockchains that manage accounts and balances, Sui uses an object-centric system. Digital assets are treated as unique (owned or shared) objects, making it easier to create applications with complex interactions and better asset traceability.
* Parallel Transaction Execution: Sui can process multiple transactions simultaneously, eliminating the typical bottlenecks of traditional blockchains. This allows for greater speed and efficiency, especially for simple transactions that do not require global consensus.
* Horizontal Scalability: Sui is designed for horizontal scaling, meaning it can handle a greater volume of transactions as more users join the network, without compromising security or decentralization.
* Move Programming Language: It utilizes an enhanced version of the Move programming language (originally created by Facebook's Libra project). Move is specifically designed to securely manage digital assets, reducing common vulnerabilities in smart contracts.
* Instant (or Nearly Instant) Finality: Simple transactions (like token transfers) that do not require network consensus are confirmed almost instantly, providing a fast and smooth user experience.
* Low and Predictable Gas Fees: Thanks to its efficiency and architectural design, Sui aims to keep transaction fees low and more stable, improving user experience and facilitating application development.
* Advanced Consensus Mechanism (Delegated Proof of Stake with Narwhal and Bullshark/Mysticeti): Sui uses a Delegated Proof of Stake (DPoS) mechanism for network security, where SUI token holders can delegate to validators.