Sui Network (SUI) is a pioneering Layer1 blockchain and smart contract platform dedicated to addressing issues of decentralization, scalability, and security within blockchain technology.
Sui Network is a next-generation smart contract platform powered by Move, featuring high throughput, low latency, and an asset-centric programming model. Its originators, Mysten Labs, believe that Sui's data model will make it the first blockchain platform with internet-scale programmability. The Sui blockchain network has several highlights, including no permission, horizontal expansion, transaction ordering, no system timeout, low latency and third-party expansion.
The SUI token serves as the core of the Sui ecosystem, playing a critical role in DPoS consensus, fuel costs, and governance. The total supply of SUI tokens is 10 billion, allocated to the founding team, investors, public sales, the Sui Foundation, and future releases.
