Recent news about $SUI (Sui Network) highlights several significant developments:🧑💻
1. **Mysticeti Protocol Launch**: Sui Network's new Mysticeti protocol is setting new standards for blockchain transaction speeds. This protocol reduces consensus latency by 80% compared to its predecessor, Narwhal, and allows the network to handle tens of thousands of transactions per second with latencies below one second. This advancement is expected to enhance the developer and user experience significantly.
2. **Google Cloud Collaboration**: Sui has partnered with Google Cloud to advance Web3 and AI initiatives. This collaboration aims to leverage Google Cloud's infrastructure to improve the scalability and efficiency of Sui's blockchain technology, potentially opening up new avenues for innovative decentralized applications.
3. **Market Potential**: According to crypto trader Jason Pizzino, Sui (SUI) is one of the newer generation cryptocurrencies with strong potential to outperform older altcoins. SUI is currently trading at $1.02, showing a slight increase in the past 24 hours.
These developments indicate that Sui is actively pushing the boundaries of blockchain technology, aiming for high performance and scalability, which might attract more developers and users to its network.
