Sui Coin is the native token of the Sui blockchain, a high-performance, layer-1 blockchain developed by Mysten Labs. Designed for scalability and low latency, Sui leverages the Move programming language to enable secure smart contracts and asset creation. It uses a unique parallel transaction processing model, allowing for faster throughput compared to traditional blockchains. Sui Coin is used for transaction fees, staking, and governance within the network. With its focus on decentralized applications (dApps), gaming, and NFTs, Sui aims to provide a developer-friendly ecosystem. The project emphasizes scalability, security, and efficient resource usage, targeting mainstream blockchain adoption.
