What is Sui (SUI)?
Sui is a Layer 1 blockchain launched in 2023 by Mysten Labs, a team of former Meta engineers who worked on the discontinued Diem project. It uses an object-based design, parallel transaction processing and the Move programming language to deliver near-instant confirmation and low fees. The article covers how Sui works, the problems it aims to solve, and its main uses in DeFi, gaming, NFTs and payments.










