Let’s explore the Sui Blockchain world with 5 interesting facts we mention. With 5 following facts about Sui Blockchain, it has never been easier to distinguish Sui from any other Blockchain. Keep reading!
If you are new to the world of blockchain, then it is vital that you learn some of the most exciting facts about Sui blockchain. This will help you better understand this innovative technology and its many potential uses. So, without further ado, here are five interesting facts about the Sui blockchain that beginners should not ignore.
5 Interesting Facts About Sui Blockchain That You Should Not Miss
Sui Blockchain is one of the newest Blockchains available today, and it might be difficult for beginners to learn everything there is to know about it. Here are 5 interesting facts about the Sui blockchain that you should know to overview it:
The First Blockchain Platform Committed to Transparency and Asset Composability
Because of Sui's low cost, developers may move more business logic and metadata onto the blockchain for improved application composability and transparency. Sui also keeps track of a number of on-chain programmable objects, enabling programmers to design more intricate features with richer properties. Developers can create dynamic, evolving NFTs with Sui that can be upgraded, unlocked, and packaged in accordance with the game.
Created By A Talented Team From Meta
For those who are acquainted with the Sui Blockchain, it was developed together by Mysten Labs which is a talented group of seasoned professionals from Meta. Mysten Labs was founded by key executives from Meta's Novi Research and lead architects of the Diem blockchain and Move programming language. Mysten Labs' objective is to provide the basic architecture for Web3.
Sam Blackshear, Adeniyi Abiodun, and George Danezis are the team's three former Facebook employees, along with team leader Evan Cheng. The Move programming language and the Diem blockchain project have both received support from the SUI development team as a whole. In discussing Sui's performance in investment rounds, we can't resist but bring up this blockchain team. Investors may find SUi Blockchain to be a promising and alluring blockchain due to the leadership's reputation.
Using The Most Optimal Move Programming Language
Sui is one of two Blockchains currently using the Move programming language from the Diem project. Move, a programming language developed by Solana on the Rust platform is focused on memory safety, which can provide immutable variables with transparency and prevent leaks. data leaks from memory.
NFT wasn't all that popular in 2019 or 2020 when Diem's development team built Move, and this new programming language wasn't yet optimized for NFT or GameFi platform genres. Early in 2022, Sui developed Sui Move, and on that foundation, Sui created its own version.
It can be said that Move is used to fix a number of security holes and attacks that have been discovered in Solidity, the programming language used by Ethereum. Which has cost Ethereum developers a lot of time and money. Move, a memory-safe framework built on top of Solana's Rust language, can provide transparency for immutable values and protect against memory data leaks.
Possessing Impressive TPS and Stable Gas Fee
Sui Blockchain is a blockchain with incredibly high throughput and performance. It, therefore, comes as no surprise that it now has the most astounding TPS, capable of up to 120,000 TPS. Solana's performance is only 65,000 TPS, and Ethereum's is only 15 TPS.
Sui Blockchain not only has an amazing TPS, but it also offers exceptionally steady gas prices. Most blockchains nowadays have fluctuating gas fees that vary depending on consumer demand. Sui employs gas design in a more efficient manner to maintain low and consistent gas charges. Each epoch in Sui lasts for 24 hours, and each epoch has a different pool of validators available on the network.
Having Strong Scalability
Scalability is one of Sui's strong points and is made possible by its capacity to manage concurrent transactions. Most blockchains now have a low throughput since transactions need to be structured, placed in a block, and then finalized. Sui differs in that it will divide data into distinct items and process them simultaneously.
Furthermore, straightforward transactions won't require consensus; rather, they will be carried out independently and concurrently. As a result, Sui may scale horizontally and linearly and network latency and throughput both reduce.
Although still in its early stages, the SUI blockchain presents a lot of potential for businesses and investors. With unique facts about Sui Blockchain, it has the potential to revolutionize how we conduct transactions and manage data. For beginners who are looking to get involved in the world of cryptocurrency, SUI is definitely a project worth keeping an eye on.