Sui Coin (SUI) is the native cryptocurrency of the Sui blockchain, a high-performance, decentralized network designed to support scalable and fast applications. Developed by Mysten Labs, Sui uses a unique consensus mechanism called "Narwhal" and "Tusk," which enables high throughput and low-latency transactions. The blockchain aims to offer fast transaction speeds, low fees, and support for complex decentralized applications (dApps). SUI tokens play a crucial role in securing the network through staking and governance. As a layer-1 blockchain, Sui focuses on scalability, providing developers with the tools to build efficient and powerful applications. Its growing ecosystem positions SUI as a promising contender in the blockchain space.
