Price Sui (SUI)

The SUI crypto, launched in 2022, is the native currency of the Sui blockchain, a platform developed by Mysten Labs to support high-performance decentralized applications.

The Sui blockchain was founded by Evan Cheng, Sam Blackshear, Adeniyi Abiodun, and George Danezis, all former researchers and engineers at Meta (formerly Facebook).

Sui has benefited from investments from leading venture capital firms such as Andreessen Horowitz and Coinbase Ventures.

1. High scalability : Thanks to its unique architecture, which enables parallel transactions, Sui can handle a high volume of transactions simultaneously, reducing waiting times and costs.
2. Developer flexibility : The use of the Move programming language on the Sui platform gives developers the flexibility to create secure, high-performance decentralized applications (dApps), with enhanced facility for managing the states and logic of digital assets.
3. Low transaction costs: Sui’s structure minimizes transaction costs, making the network attractive to developers and end-users alike, especially for applications requiring many small transactions.
4. Transaction speed: Sui’s ability to process transactions concurrently enables remarkable transaction speed, ideal for online gaming, decentralized financial markets and other applications requiring rapid response.
5. Enhanced security: Sui’s architecture, in particular the concurrency model and Move language, is designed to reduce the risk of bugs and malicious attacks, enhancing security for users and developers alike.
6. Decentralization and resilience: By distributing processing and storage across a vast network, Sui offers enhanced resilience against failures and attacks, unlike centralized systems.