Sui: everything you need to know about SUI

What is Sui?

Sui (SUI) is a blockchain platform designed to process digital transactions rapidly and securely. It focuses on user-friendly apps, fast payments, and digital assets such as NFTs.

How does Sui work?

Sui uses a smart way to handle transactions, with digital objects at its core. This allows for processing many transactions simultaneously, resulting in fast and inexpensive payments. The blockchain uses the programming language Move, which offers extra security.

The SUI token.

The SUI token is the means of payment within the Sui network.

The technology behind Sui.

Sui is built to be scalable and efficient. It uses a unique method where transactions can be processed in parallel. This means that the network does not slow down when many people use it at the same time.

A notable feature is zkLogin, which allows users to log in with their Google, Facebook, or Apple account. This makes crypto much more accessible: no more hassle with long passwords or complicated wallet addresses.

The Sui ecosystem

Sui is becoming increasingly popular and has already established several collaborations. There are also more and more apps and projects being built on Sui, such as games and DeFi platforms.

Benefits of Sui.

• Super fast: Because many transactions can be processed at the same time
• Low costs: Efficient technology keeps transaction costs low.
• Safe: The programming language Move prevents common mistakes.
• Easy login: Thanks to zkLogin, users can log in with their Google, Facebook, or Apple account, without needing a separate wallet.

Disadvantages of Sui

• Competition: There are already major blockchains such as Ethereum and Solana.

Who is the founder of Sui?

Sui was developed by Mysten Labs, a company founded by former employees of Meta (Facebook).

Expectations for the upcoming period

Experts expect a minimum price of €9.9600 in 2027 and a minimum price of €32.930 in 2032.

Frequently asked questions