Sui PriceSUI

Sui has strong technology roots. Moreover, it puts the user experience first by getting rid of the problems that come up when people use blockchain. Sui improves user experience in Web3 by making sure that the apps are available in a better manner and they are easy to use. It ensures this through innovations like zkLogin, promoted transactions, and customizable transaction blocks.

Who Are the Founders of Sui?

Mysten Labs is the original contributor to Sui. Former Meta’s blockchain researchers are its founders. Their team consists of the following: 

CEO of Mysten Labs, Evan Cheng has more than 24 years of experience building technology for developers as well as leading teams of engineers at companies like Apple and Facebook. 

Sam Blackshear is the CTO and is a specialist researcher and engineer who focuses on making computer languages, checking programs, and making tools for developers. 

George Danezis is the Chief Scientist of Mysten Labs. He has worked on the security and privacy of collaborative systems for more than 20 years.

Kostas Chalkias is the Chief Cryptographer at Mysten Labs having a lead Cryptographer role in large organizations like Meta and R3. 

What Makes Sui Unique?

1. Sui's revolutionary architecture provides developers with significant capabilities and tools to build the next generation of Web3 apps with low latency, predictable transaction fees and high throughput via horizontal scalability and parallelized execution. 
2. Sui has an object oriented architecture that makes it unique for blockchain development.
3. It has powerful features that help to generate better, composable goods. 
4. It has fast throughput and predictable transaction costs. Sui has an enhanced safety mechanism which reduces attack on its smart contract languages. 
5. Sui provides instant onboarding even for those who do not have any knowledge of cryptography. It is simple as an online account and has the security of the blockchain technology. 

How is the Sui Network Secured?

Sui protects the network from Sybil attacks with a delegated proof of stake (PoS) system. In this system, validators and delegators carry out actions that are similar to other dPoS systems.Sui uses Narwhal, a system that was made to make and handle a Mempool for a directed acyclic graph (DAG) more quickly. The consensus process, Bullshark, then reads transactions from the Narwhal Mempool to make sure they are correct and complete. Some deals can skip the agreement mechanism and go straight to the Byzentine Consistent Broadcast mechanism, which can complete in less than 30 seconds and ensure a real settlement.

This network system has been completely tested. It is able to handle more than 297,000 events per second.

Conclusion 

Sui is a flexible and efficient blockchain platform for decentralized apps (dApps) with unique technology, growth potential and developer friendliness.