Sui

Sui is a smart contract platform sustained by a set of validators. Its transaction finality allows for on-chain use cases such as DeFi and GameFi. The blockchain is programmed in the Rust programming language, and supports smart contracts written in Sui Move—an adaptation of Move for the Sui blockchain—to define assets that may have an owner. Rust is also the programming language of Solana.

Sui Move programs define operations on the assets, including custom rules for their creation, the transfer of the assets to other owners, and operations that mutate assets. Sui’s focus is on web3Web3 users, and offers decentralized application (DappdApp) deployment with smart contract architecture. The blockchain uses a process termed “transaction parallelization”parallelization,” which enables transaction processing in “parallel agreement.”

Sui's native token is SUI, and it has a fixed supply. The SUI token is used to pay for gas, and users are able to stake their SUI tokens with validators in a Delegateddelegated Proof-of-Stakeproof-of-stake model within an epoch. The voting power of validators is a function of the amount of SUI in their staking pool, including both validator and user SUI tokens. At the end of the epoch, fees collected through processed transactions are distributed to validators according to their contribution to the operation of the network.

Sui is a smart contract platform sustained by a set of validators. Its transaction finality allows for on-chain use cases such as DeFi and GameFi. The blockchain is programmed in the Rust programming language, and supports smart contracts written in Sui Move—an adaptation of Move for the Sui blockchain—to define assets that may have an owner. Sui Move programs define operations onRust theseis assets, including: custom rules for their creation,also the transferprogramming language of these assets to new owners, and operations that mutate assetsSolana.

To learnSui about the differences between core Move and Sui move,programs seedefine Howoperations Suion Movethe differsassets, fromincluding Corecustom Move.rules Rustfor istheir alsocreation, the programming languagetransfer of Solanathe assets to other owners, anotherand high-speedoperations blockchainthat mutate assets. Sui’s declared goalfocus is to “cater to the nexton billionweb3 users, inand web3” by offeringoffers decentralized application (Dapp) deployment with a superior smart contract architecture compared to rival chains like Ethereum. The blockchain utilizesuses a process calledtermed “transaction parallelization” to achieve that, which allowsenables transaction processing in “parallel agreement.” This “horizontal scaling,” as Sui dubs it, leads to better data organization in the byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism

Sui's native token is SUI, and it has a native token called SUI, with a fixed supply. The SUI token is used to pay for gas, and users canare able to stake their SUI tokens with validators in a Delegated Proof-of-Stake model within an epoch. The voting power of validators within this epoch is a function of the amount of SUI in their staking pool, including both validator and user SUI tokens. In any epoch, the set of validators is Byzantine fault tolerant. At the end of the epoch, fees collected through allprocessed transactions processed are distributed to validators according to their contribution to the operation of the network. Validators can in turn share some of the fees as rewards to users that stake their SUI with them.

Sui is a smart contract platform sustained by a set of validators. Its transaction finality allows for on-chain use cases such as DeFi and GameFi. The blockchain is programmed in the Rust programming language, and supports smart contracts written in Sui Move—an adaptation of Move for the Sui blockchain—to define assets that may have an owner. Sui 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. Rust is also the programming language of Solana, another high-speed blockchain. Sui’s declared goal is to “cater to the next billion users in web3” by offering decentralized application (Dapp) deployment with a superior smart contract architecture compared to rival chains like Ethereum. The blockchain utilizes a process called “transaction parallelization” to achieve that, which allows transaction processing in “parallel agreement.” This “horizontal scaling,” as Sui dubs it, leads to better data organization in the byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism

Sui has a native token called SUI, with a fixed supply. The SUI token is used to pay for gas, and users can stake their SUI tokens with validators in a Delegated Proof-of-Stake model within an epoch. The voting power of validators within this epoch is a function of the amount of SUI in their staking pool, including both validator and user SUI tokens. 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 network. Validators can in turn share some of the fees as rewards to users that stake their SUI with them.

Wave 2 will illustrate what makes staking on Sui different from other chains – t

hat delegating stake is especially simple and can be Sui 是一个基于低延迟资产管理的去中心化无许可智能合约平台。由 Mysten 实验室开发done directly from a wallet, without losing custody of tokens. Anyone can seamlessly participate in securing the Sui network!

Wave 2 will illustrate what makes staking on Sui different from other chains – t

Wave 2 will illustrate what makes staking on Sui different from other chains – thathat delegating stake is especially simple and can be doneSui 是一个基于低延迟资产管理的去中心化无许可智能合约平台。由 Mysten 实验室开发done directly from a wallet, without losing custody of tokens. Anyone can seamlessly participate in securing the Sui network!

Wave 2 will illustrate what makes staking on Sui different from other chains – that delegating stake is especially simple and can be done directly from a wallet, without losing custody of tokens. Anyone can seamlessly participate in securing the Sui network!

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.

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.

Visualize staking and tokenomics in Sui