SuiSymbol: SUI
Description: Sui (SUI) is a decentralized permissionless smart contract platform designed for low-latency management of assets. It utilizes the Move programming language to define and operate on assets, allowing for custom rules in their creation, transfer, and mutation. Sui is maintained by a permissionless set of authorities using a Byzantine consistent broadcast protocol for common operations on assets, ensuring safety and scalability.
Sui (SUI) is a product of MystenLabs, founded by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias.
The native asset of Sui, SUI, is used to pay for gas in all operations within the platform. Additionally, SUI holders can delegate their stake to authorities to operate Sui within epochs. Gas fees are distributed to authorities and their delegates based on their stake and contribution to the functioning of Sui. SUI plays a crucial role in facilitating transactions and participating in the governance of the Sui platform.
Start date:
Proof type: N/A
Algorithm: N/A
Difficulty adjustment:
Website: https://sui.io/
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