$SUI #sui What is an "Object" in Sui? An object is the basic unit of storage and interaction on Sui. It can be a simple coin, an NFT, a smart contract (which is itself a "package object"), or even a complex DeFi position. Each object has a unique ID, version, and metadata (like who owns it and what its current state is).

Benefits of this model:

Direct Ownership: Objects have clear, explicit ownership. This simplifies asset management and makes it easier to track the lifecycle of digital assets.

Reduced Overhead: When a transaction modifies an object, only that specific object's state needs to be updated, not a sprawling global ledger. This significantly reduces computational overhead for validators.

Composability: Because objects are independent and well-defined, they can be easily combined and interacted with in smart contracts, fostering greater composability in dApps.

Parallel Execution (the next point!): This object-centric design is the bedrock for Sui's ability to process transactions in parallel.