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What is Sui?

Sui (SUI) is a smart contract platform that aims to be the most accessible platform for developers to create web3 experiences. The team at Sui claims that its unique parallel agreement design eliminates a critical bottleneck in existing blockchains by enabling horizontal scaling while maintaining extremely low operating costs per transaction.
 

• Sui’s innovative design allows for unprecedented scalability, near instant settlement, and a safe smart contract language that is accessible to mainstream developers.
• Parallel processing of transactions allows for better use of processing resources and increased transaction throughput.
• SUI token is used to pay gas fees and can be used to help validators secure the network.

Seeking to scale with the growth of web3, Sui aims to achieve industry-leading performance, cost, programmability, and usability. With its groundbreaking design and focus on accessibility, Sui hopes to be a key player in the world of web3.