Sui, a layer-1 blockchain, employs a Delegated Proof-of-Stake mechanism secured by its native token SUI.

Former Meta engineers Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias founded Mysten Labs. With funding secured through Mysten Labs, they developed Sui in December 2021.

1. Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.

2. Sui seeks to ensure that Web3 applications are accessible and user-friendly.

3. As everything on Sui is an object, the ability to define object types allows developers to create objects tailored to their application needs with inherent network-wide compatibility.

4. The Sui blockchain has three core elements that work together to process instant settlements at a low cost: Move language, parallel transaction execution, and the Sui Consensus Engine.

Sui provides low-latency transactions at stable transaction fees. The network empowers developers to launch the next generation of Web3 applications.

If you are looking to buy SUI, you can check out third-party cryptocurrency exchanges like CoinSwitch.

1. Transaction fee: SUI is used as the currency to pay gas for all operations on the Sui blockchain.

2. Staking/bonding/slashing asset: Validators stake SUI to participate in the transaction consensus process. In cases of fraud, SUI tokens will be cut as punishment.

3. Medium exchange: SUI acts as an asset that serves as a medium of exchange.

4. Governance: It allows Sui blockchain investors to participate in on-chain voting.

• Decentralization.

• Low latency. 

• Scalability. 

• User-friendly platform

• Low network throughput.

• Slower consensus speed.

• Lack of widespread acceptance. 

• It is still a developing ecosystem.

1. You can invest and trade SUI for just ₹100.

2. Trade SUI at a nominal fee.

3. Easily manage your transactions and your portfolio.

Sui has raised a total of $336,000,000 to date, and Sui is currently valued at $2,000,000,000.