Sui Blockchain
Sui is a layer 1 blockchain platform designed for the next billion web3 users, enabling creators and developers to build applications without borders. It scales horizontally, provides instant refining, low fees, and allows users to create more value in NFTs and store digital assets directly on the network. Assets in Sui are stored directly in user accounts and not in someone else’s smart contract. The platform is also designed to be safe and environmentally friendly, using a bid confirmation mechanism for maximum efficiency.
Sui’s Unique Value Proposition (UVP)
Sui’s Unique Value Proposition (UVP) includes a proposal for Single Record Facing (SWF) applications that bypass consensus for many simple actions and transactions, theoretically making Sui’s TPS almost infinitely scalable. Also, Sui’s implementation of the Move programming language is different from Aptos, making it more functional and better suited for developers. Move offers more secure asset programming than using Rust (Solana) and has similar security and speed advantages over EVM land.
Wallet Sui
Sui Wallet is a self-service wallet with a Chrome extension that allows users to create addresses, view and manage assets on the Sui network, and interact with dApps. This is an open source app showcasing the latest and unique features of Sui.While it is intended to support the ecosystem and education, it is not intended to be an actual wallet. Upcoming features include new designs, adoption flow optimization, staking distribution, wallet-app interaction, and dApps discovery.
SUI Network & Token
The SUI network is a low-latency, high-bandwidth layer 1 chain with instant completion of transactions, making it a prime candidate for on-chain use such as DeFi and GameFi. It uses a different consensus and transaction processing mechanism than other layer 1 blockchains, aiming for horizontal scaling instead of vertical scaling and using an object-oriented model. The native SUI token will earn after the launch of the main network and will be used to pay for gas and storage fund.
Sui Ecosystem Components
Some notable components of the Sui ecosystem include:
Sui Launchpad: tSuinami
NFT Market: BlueMove
NFT: Sui Capy
NFT Tools: LoyaltyGM
DEX: Ballast Fi
DeFi: Cetus Protocol
Name Service: Sui Names
Infrastructure: Wormhole
Security: OtterSec
Sui masters NFT
Developer Sui Mysten Labs has partnered with Onbuff, a web3 platform that helps bring gaming and NFT-IP to the blockchain. In addition, the platform will connect partner game projects to Sui.
“Onbuff’s expertise in Web3 innovation, combined with Sui Web3’s dynamic, composable and scalable games and NFT infrastructure and technologies, will help scale Web3 games and unlock endless possibilities in this area,” said Onbuff CEO Richard Yee.
Onbuff is also expected to take advantage of Sui’s scalable technology to create a blockchain platform for INNO content. Thanks to the development, users will be able to play, earn points and tokens, as well as manage wallets and buy NFTs within the platform. Now the number of pre-registrations on the site has already exceeded one million.
Ethos Wallet On Sui
Ethos Wallet is a reimagining of the web3 wallet, designed with applications running on the Sui blockchain. It offers an offline wallet for advanced users and easy email registration for new users. The wallet is designed to be a personalized and secure gateway to web3, allowing users to discover new and relevant projects.The user interface and design of Ethos Wallet has received positive reviews from Reddit users.
When will the Sui mainnet launch?
The exact dates are still unknown: it all depends on the results of the current phase of the testnet. As it becomes known, the developers will report this to official sources. You will also learn about it in our Telegram news channel FOMO.press.
Overall, the Sui ecosystem offers a unique set of features and components that appeal to a wide range of users and developers. Its focus on scalability, security, and ease of use sets it apart from other blockchain platforms.
