Sui is defined as a Layer 1 protocol blockchain. In basic terms, this means that Sui performs its own consensus and validation for transaction blocks (activity) on its networks using its own native token (SUI, in this case). Ethereum (ETH) and Bitcoin (BTC) are other examples of Layer 1 blockchains.

Sui Network is a Layer-1 blockchain designed to make it easier for developers to create and deploy smart contracts. One of the main features of Sui is its ability to process multiple transactions simultaneously, which is different from traditional blockchains like Ethereum and Bitcoin that handle transactions one after another.

To understand this better, imagine a single-lane road and a multi-lane highway. More lanes allow more cars to travel simultaneously, making the whole system more efficient. Similarly, Sui’s parallel processing system aims to improve the network’s efficiency and scalability.

Sui Network uses the Move programming language, which Facebook originally developed for its Diem project. Move allows developers to define custom assets on the blockchain. These assets are subject to strict ownership rules enforced by the language to prevent duplication, misuse, or accidental deletion. This feature makes Move suitable for building decentralised applications (Dapps) that require high security and reliability, which is extremely important for blockchains securing significant amounts of value.

Chain:	Sui Network
UCID:	20947

Socials