Sui (SUI)
- Official Website: sui.io
- Definition: Sui is a high-performance Layer 1 blockchain designed for scalability and low-latency transactions.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A next-generation blockchain focusing on speed and scalability for dApps.
- Function: Supports fast, low-cost transactions and smart contracts.
- Analogy: Think of Sui as a bullet train. It’s designed for speed and efficiency.
- Pros: High throughput, low latency, developer-friendly.
- Cons: New and unproven, competition from established Layer 1 chains.
- Controversies: Centralization concerns, token distribution criticism.
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This page was last updated on January 28, 2025.
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