blockchain cryptocurrency
Sui
- Built on Rust
- Uses Move for its packages (aka smart contracts)ß
- It's own flavour of Move (made a Meta)
- Permissionless Layer 1 blockchain
- Horizontally scalable
- Most transactions are processable in parallel
- Better resource utilization
- Can increase throughput by adding resources
- Chooses simpler/low-latency primitives over consensus
Token
- Native SUI token
- Fixed supply
- Used to pay gas
- Used as delegated stake on validators
Validators
- Voting power of validators is a function of delegated stake
- Set of validators is Byzantine fault tolerant
- Fees collected from transactions are distributed to validators based on their contribution to the system
Highlights
- Scalability, instant settlement
- Safety baked into the smart contract language
- Rich, composable on-chain assets
- Better web3 UX
- DAG-based mempool and efficient Byzantine Fault Tolerant consensus