Sui is a DPoS layer 1 blockchain based on the Move programming language. The protocol consists of the following major components working in conjunction:
Sui Move Programming Language: Move is inspired by the Rust programming language and initially developed at Facebook for writing smart contracts in the Libra (later called Diem) project. Move’s design prevents issues such as re-entrancy vulnerabilities, poison tokens, and spoofed token approvals. Sui Move adapts Move to the object-centric data model of Sui.
Parallel Transaction Processing: Sui utilizes the parallel data model & execution engine to improve execution efficiency.
Consensus Mechanism: Due to Sui Move’s object-centric models, transactions are grouped by objects. Validators can process different objects’ transactions in parallel; both in relation to each other and on their own machines. This enables parallel transaction submission and execution on a massive scale.
SUI is the native utility token. The current use cases for SUI include:
Network Fees: Pay for transaction fees on the network.
Validator Staking: SUI holders have the option to delegate their holdings to validators that manage transaction processing and execution on the Sui platform.
Native Liquidity: SUI provides native asset liquidity to on-chain applications deployed on the Sui blockchain.
Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.
About Nami Corporation
Nami Corp. is a FinTech startup operating in the field of Investment and Technology based on Blockchain technology. Over the years, Nami has developed an ecosystem of key products and services to comprehensively support investors, optimize community benefits with the slogan “Change mindset, make giant steps”.