Key takeaways
- 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.
- Unlike traditional blockchains, Sui structures data as independent objects rather than accounts, improving transaction efficiency and asset management.
- Using the Narwhal & Bullshark consensus mechanism and parallel transaction execution, Sui achieves sub-second finality and high throughput.
- Sui leverages the Move programming language for secure and efficient smart contracts, reducing vulnerabilities like reentrancy attacks.
- 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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