TechFlow Insights
SUI is a next-generation high-performance public blockchain developed by Mysten Labs, utilizing the Move programming language and focusing on scalability, security, and developer-friendliness. The project was created by former members of Meta (Facebook)'s Diem team and inherits many technological innovations from the Diem project.
Features and Advantages
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Scalability: The network can horizontally scale throughput by achieving parallel consensus on causally independent transactions. They accomplish this through Byzantine Broadcast, eliminating the overhead caused by global consensus without sacrificing security and liveness guarantees.
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Secure Smart Contract Language: Move, originally developed by Facebook, is designed for writing secure smart contracts. It supports shared libraries, tools, and developer communities across blockchains.
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Ability to Define Complex On-Chain Assets: Sui's scalability extends beyond transaction processing. Its storage is also low-cost and horizontally scalable. This enables developers to define complex assets with rich attributes that exist directly on-chain, rather than introducing indirect layers into off-chain storage to save gas fees.
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Better Web3 User Experience: The Sui team aims to make it the most accessible smart contract platform, enabling developers to create outstanding user experiences in Web3. To welcome the next billion users, Sui will provide developers with various tools to leverage the powerful capabilities of the Sui blockchain. The Sui Development Kit (SDK) will allow developers to build without restrictions. SUI supports social logins using ZK.
Sui's development team is Mysten Labs. The founding team includes Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Kryptos, all of whom participated in Facebook's Novi and Diem projects.
