Sui blockchain is a layer 1, Proof-of-Stake (PoS) blockchain platform that is designed to provide high throughput, low-latency transactions, and instant transaction finality. The platform is built with the Move programming language, which was initially developed by Facebook for its Diem blockchain . Sui aims to create a decentralized, permissionless blockchain network that can support a wide range of use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs). The project is developed by Mysten Labs, a blockchain development firm co-founded by former Facebook developer Libra and JP Morgan alumni . The native token of the Sui blockchain is called SUI.
TL;DR Mysticeti Unveiled: Lightning-Fast Consensus: Sui Network has introduced Mysticeti, a major upgrade aimed at revolutionizing consensus performance. Mysticeti achieves an impressive 80% reduction in consensus
TL;DR Copper expands its services with custody and staking solutions for SUI, aiming to strengthen access and security for institutional and enterprise investors. Founded in 2018,
TL;DR Revolutionary zkLogin: Sui has enhanced its zkLogin system with multi-signature recovery, allowing users to recover accounts seamlessly, even if the credential issuer or application is
TL;DR The Sui Foundation addresses community concerns about token distribution, aiming for transparency and trust. It’s clarified that Mysten Labs’ founders don’t control key aspects like
TL;DR Sui and Google Cloud collaborate to drive innovation in Web3. The focus is on improving security, scalability and development tools. Initiatives such as data for
TL;DR The Sui ecosystem, a Layer 1 blockchain for DeFi applications, is facing a crisis with a 25% drop in its Total Value Locked (TVL), which fell from
TL;DR Mysten Labs and Playtron present SuiPlay0x1, a device that merges blockchain and traditional PC games. It will be equipped with the Playtron OS operating system
TL;DR FDUSD Expansion: First Digital Trust’s FDUSD stablecoin is now integrated with the Sui blockchain, enhancing the DeFi ecosystem and reinforcing its position as a leading
TL;DR dWallet Network partners with Mysten Labs to introduce native multi-chain DeFi to the Sui ecosystem, including native support for BTC and ETH. The collaboration leverages
TL;DR DeepBook Launch: Sui blockchain’s first native liquidity layer, DeepBook, has launched its native token, DEEP, aimed at institutional and professional traders to enhance DeFi liquidity.
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