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What is Sui (SUI)? A complete guide

Key takeaways

  1. Sui is a Layer 1 blockchain designed for near-instant, low-cost transactions with parallel processing and optimized scalability, making it ideal for DeFi, NFTs, and gaming.
  2. Unlike traditional blockchains, Sui structures data as independent objects rather than accounts, improving transaction efficiency and asset management.
  3. Using the Narwhal & Bullshark consensus mechanism and parallel transaction execution, Sui achieves sub-second finality and high throughput.
  4. Sui leverages the Move programming language for secure and efficient smart contracts, reducing vulnerabilities like reentrancy attacks.
  5. The native SUI token is used for transaction fees, staking, governance, and various DeFi and gaming applications, securing the network and enabling decentralized decision-making.
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Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.

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