đ SUI
SUI is a layer-one blockchain that focuses on scalability and fast performance, making it an attractive platform for decentralized applications (dApps), especially those that require fast transactions such as gaming, finance, and social media platforms
đč High processing capacity:
âą SUI can process up to 300,000 transactions per second, making it one of the fastest blockchains.
đčâą SUI uses a Proof-of-Stake (PoS) mechanism with the Narwhal and Tusk algorithm, which separates data availability from consensus, enhancing scalability.
đčâą SUI uses the Move programming language, which focuses on security and resource control, making it easier for developers to create secure and efficient applications
đč Funding and support:
âą The Mysten Labs team behind SUI secured $300 million in Series B funding, bringing the companyâs valuation to over $2 billion.