#SUI

Sui ($SUI)

Sui - Level 1 network, the main competitor of Solana in terms of throughput and a candidate for leadership among DeFi and GameFi sectors due to instant transaction processing. Besides SOL, it also competes with Ethereum with its smart contracts, which surpass all other blockchains.

This information is already enough to assess the potential of the project, and I believe many already know about this coin.

The project is young and ambitious: they aim for the next billion users in the Web3 space, intending to attract them precisely through smart contracts and dApps based on them.

High speed is achieved due to a different consensus mechanism - nodes only consider the part of the data that pertains to them, not the entire node and transaction. The network is simple - meaning it doesn't take up much space, has no unnecessary algorithms, thus there are no scalability issues with the project. It supports light and full clients,

which makes it easy to create bridges with most existing blockchains. The coin itself is used for staking in PoS, paying transaction fees on the platform, as a unit of account, and since the project is in decentralized finance, owning them allows voting on network decisions.