✨ Here's a quick overview of the growing #SUI Ecosystem ✨

➡️ Sui is a smart contract Proof of Stake Layer 1 #blockchain developed with the #Move programming language - interestingly, this programming language was originally developed for the proposed #Diem blockchain by #Meta. Sui is created by Mysten Labs.

➡️ Transactions are faster than other blockchains as Sui utilises parallel transaction execution. Sui also uses features such as asset ownership and distributed computing to improve #scalability on the Layer 1. 🌐

➡️ As a #Layer1, Sui has the capacity to run its own #consensus system, supporting #dApps without a need to bridge from a parent network. Sui supports an array of use cases, such as #DeFi, #NFTs and various utility applications, attracting a vibrant #dev ecosystem with more complex programming languages and developer tools. 💻

What are your thoughts on the #SuiNetwork, will you be closely watching its progress in 2025? 🙂

#OAX #OAXLearn #SuiEcosystem #crypto #digitalassets #web3 #web3community #learning