Deep Dive
1. Purpose and technology
Sui is a blockchain platform where developers can build decentralized applications, including services for finance, gaming, and digital assets. Its object-centric model treats assets as distinct digital objects; this can let unrelated transactions be processed in parallel rather than waiting in one sequence. Sui’s smart contracts use Move, a programming language designed for handling digital assets. (Sui overview, Sui documentation)
2. SUI token
SUI is used to pay network transaction fees and can be staked, meaning token holders delegate tokens to help validators secure the network. Sui also offers features such as zkLogin, which lets users access apps with familiar sign-in methods, and sponsored transactions, where an app can cover a user’s transaction fee. (Sui overview)
Conclusion
Sui is a smart contract blockchain built to support digital asset apps, while SUI powers fees and staking on the network. How well will its object-based design support useful, easy-to-use applications?
