
SUI, Driven by Ex-Meta Employees, Launches its Testnet
The SUI network is a single-layer blockchain that is developed by ex-Meta employees. In a recent development, SUI has come a step closer to going live
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.
The SUI network is a single-layer blockchain that is developed by ex-Meta employees. In a recent development, SUI has come a step closer to going live
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