Taysum Nakaev

Empowering customers, businesses, and builders to access the world of crypto.

Kado makes it easy for new users to onboard to web3 applications instantly via ACH or Wire Transfer from 10k+ banks in the USA, and over 160+ countries with Visa and Mastercard.

The Linera chain aims to be low latency.

Linera aims to be the first web3 infrastructure that guarantees low latency and low fees at any scale. With linear scaling, the capacity of the system can always be adjusted to meet the demand in user transactions. In Linera, user accounts run in separate shards internally to each validator. This makes it easy for each validator to further divide shards whenever needed to augment capacity.

Linera developing a new programming model based on microchains. A microchain is a chain of blocks dedicated to managing the operations on a particular user account. This is the main mechanism that allows user accounts to run concurrently and scale by default. When a microchain is owned by a single user, new blocks can be submitted directly without requiring complex interactions between validators, which lowers latency.

Auditing high-throughput systems using commodity hardware has historically been challenging because a single auditor can’t run all transactions. Our goal is to ensure decentralization of the Linera protocol using state-of-the-art proof-of-stake mechanisms together with scalable auditing procedures to ensure full accountability of validators.

Sui’s tokenomics are designed at the frontier of economic blockchain research, aiming to deliver an economic ecosystem and financial plumbing at par with Sui’s leading engineering design.

Sui’s tokenomics are designed at the frontier of economic blockchain research, aiming to deliver an economic ecosystem and financial plumbing at par with Sui’s leading engineering design. For further details, refer to the tokenomics white paper: The Sui Smart Contracts Platform: Economics and Incentives.

Sui has a native token called SUI, with a fixed supply. The SUI token is used to pay for gas, and is also used as delegated stake on validators within an epoch. The voting power of validators within this epoch is a function of this delegated stake. Validators are periodically reconfigured according to the stake delegated to them. In any epoch the set of validators is Byzantine fault tolerant. At the end of the epoch, fees collected through all transactions processed are distributed to validators according to their contribution to the operation of the system. Validators can in turn share some of the fees as rewards to users that delegated stake to them.

Sui is backed by a number of state-of-the-art peer-reviewed works and years of open source development.

A transaction in Sui is a change to the blockchain. This may be a simple transaction affecting only single-owner, single-address objects, such as minting an NFT or transferring an NFT or a different token. These simple transactions may bypass the consensus protocol in Sui.

More complex transactions affecting objects that are shared or owned by multiple addresses, such as asset management and other DeFi use cases, go through the Narwhal and Bullshark DAG-based mempool and efficient Byzantine Fault Tolerant (BFT) consensus.

Here are some cool things you can do now and some applications that will become possible over the next few weeks and months. Sui enables developers to define and build:

On-chain DeFi and Traditional Finance (TradFi) primitives: enabling real-time, low latency on-chain trading

Reward and loyalty programs: deploying mass airdrops that reach millions of people through low-cost transactions

Complex games and business logic: implementing on-chain logic transparently, extending the functionality of assets, and delivering value beyond pure scarcity

Asset tokenization services: making ownership of everything from property deeds to collectibles to medical and educational records perform seamlessly at scale

Decentralized social media networks: empowering creator-owned media, posts, likes, and networks with privacy and interoperability in mind.

Sui’s tokenomics are designed at the frontier of economic blockchain research, aiming to deliver an economic ecosystem and financial plumbing at par with Sui’s leading engineering design. For further details, refer to the tokenomics white paper: The Sui Smart Contracts Platform: Economics and Incentives.

This page includes a high-level overview of Sui’s economic model.

The Sui economy is characterized by three main sets of participants:

• Users submit transactions to the Sui platform in order to create, mutate, and transfer digital assets or interact with more sophisticated applications enabled by smart contracts, interoperability, and composability.

• SUI token holders bear the option of delegating their tokens to validators and participating in the proof-of-stake mechanism. SUI owners also hold the rights to participate in Sui’s governance.

• Validators manage transaction processing and execution on the Sui platform.

The Sui economy has five core components:

• The SUI token is the Sui platform’s native asset.

• Gas fees are charged on all network operations and used to reward participants of the proof-of-stake mechanism and prevent spam and denial-of-service attacks.

• Sui’s storage fund is used to shift stake rewards across time and compensate future validators for storage costs of previously stored on-chain data.

• The proof-of-stake mechanism is used to select, incentivize, and reward honest behavior by the Sui platform’s operators – i.e. validators and the SUI delegators.

• On-chain voting is used for governance and protocol upgrades (more info coming soon).

Throughout, Sui use the visual representation in the following figure to aid the discussion.

Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems.

Sui offers scalability and unprecedented low-latency for simple use cases. Sui makes most transactions processable in parallel. This better utilizes processing resources and offers the option to increase throughput by adding more resources. Sui forgoes consensus to instead use simpler and lower-latency primitives for simple use cases, such as payment transactions and assets transfer. This is unprecedented in the blockchain world and enables a number of new latency-sensitive distributed applications ranging from gaming to retail payment at physical points of sale.

Sui is written in Rust and supports smart contracts written in the Move programming language to define assets that may have an owner. Move programs define operations on these assets, including: custom rules for their creation, the transfer of these assets to new owners, and operations that mutate assets. To learn about the differences between core Move and Sui move, see How Sui Move differs from Core Move.