What is Sui (SUI)?

Sui is a modern, highly scalable Layer-1 blockchain designed from the ground up to handle digital objects (assets). It was founded by Mysten Labs, a team of former top engineers who worked on Meta's (Facebook) Diem blockchain project (formerly Libra).

• Object-Centric Model: Unlike most blockchains that revolve around accounts, Sui focuses on the digital asset (e.g., an NFT) itself. This allows for much more efficient processing.
• Move Programming Language: Sui uses "Move," a programming language specifically designed for the secure creation and management of digital assets.
• Focus on Gaming & DeFi: Due to its high speed and scalability, Sui is particularly well-suited for complex applications like Web3 games and decentralized finance products (DeFi).

How Does Sui Work? The Power of Parallel Processing

Sui's architecture allows it to process many transactions simultaneously, rather than queuing them up one by one like older blockchains.

1. Simple vs. Complex Transactions: Sui distinguishes between simple transactions (e.g., sending a coin to another person), which involve only one object, and complex transactions involving multiple objects.
2. Parallel Processing: Simple transactions do not require global consensus and can be processed in parallel and almost in real-time. This makes the network extremely fast for everyday use cases.
3. Narwhal & Bullshark: For complex transactions that do require consensus, Sui uses an advanced system that keeps transaction throughput high even under heavy network load.

Why is This Important?

Sui is one of the most promising new challengers in the blockchain space, driven by an experienced team with strong financial backing.

• Technological Edge: The object-centric model and the Move language are considered technologically very advanced and could set future standards for dApp development.
• Strong Investors: Mysten Labs has raised hundreds of millions of dollars in several funding rounds from top investors like a16z, Binance Labs, and Coinbase Ventures.
• Potential for Mass Adoption: With its focus on scalability and low costs, Sui could be one of the first blockchains truly suitable for games with millions of users or complex financial applications.

How can I buy this coin?

The process for buying SUI or other established cryptocurrencies is always very similar. We have explained the easiest method for you step-by-step in our Start Guide.