$SUI (SUI)* - A serious Layer-1 blockchain, not a memecoin.
Think of it as *Solana killer + Facebook (Meta) tech.*
*Quick Facts:*
- *Team:* Built by Mysten Labs - 5 ex-Meta / Facebook engineers who built Diem (Libra) project. Founder: Evan Cheng
- *Launched:* Mainnet May 2023
- *Language:* Uses *Move* language (based on Rust) - very secure
- *Supply:* 10 Billion SUI max
*What makes Sui special?*
1. *Object-Centric Model:* Unlike Ethereum where everything is an account balance, on Sui everything is an *object* - your coin, NFT, sword in a game is an object you truly own.
2. *Parallel Execution:* Most blockchains process one transaction after another. Sui can process many at the same time.
- Simple tx (like sending SUI to friend) -> doesn't need global consensus -> instant (∼400ms)
- Can handle up to *297,000 TPS* in tests vs Ethereum 15 TPS
3. *Super User-Friendly:*
- *zkLogin:* Login with Google / Twitch, no seed phrase needed
- *Sponsored Transactions:* App can pay gas fee for you, so you don't need SUI to start
- Gas fees are super cheap and stable
*Use of SUI coin:*
- Gas fees
- Staking to validators to earn ∼4-5% APY
- Governance
- DeFi collateral
#Binance
#JAHID0007
Think of it as *Solana killer + Facebook (Meta) tech.*
*Quick Facts:*
- *Team:* Built by Mysten Labs - 5 ex-Meta / Facebook engineers who built Diem (Libra) project. Founder: Evan Cheng
- *Launched:* Mainnet May 2023
- *Language:* Uses *Move* language (based on Rust) - very secure
- *Supply:* 10 Billion SUI max
*What makes Sui special?*
1. *Object-Centric Model:* Unlike Ethereum where everything is an account balance, on Sui everything is an *object* - your coin, NFT, sword in a game is an object you truly own.
2. *Parallel Execution:* Most blockchains process one transaction after another. Sui can process many at the same time.
- Simple tx (like sending SUI to friend) -> doesn't need global consensus -> instant (∼400ms)
- Can handle up to *297,000 TPS* in tests vs Ethereum 15 TPS
3. *Super User-Friendly:*
- *zkLogin:* Login with Google / Twitch, no seed phrase needed
- *Sponsored Transactions:* App can pay gas fee for you, so you don't need SUI to start
- Gas fees are super cheap and stable
*Use of SUI coin:*
- Gas fees
- Staking to validators to earn ∼4-5% APY
- Governance
- DeFi collateral
#Binance
#JAHID0007
