GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--The Sui Foundation announced today that Sui Mainnet is now live. Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. The Sui Foundation is the independent organization whose mission is to support the advancement of the Sui ecosystem.
Sui has many advantages over currently available blockchains. Sui’s object-centric model, based on its novel architecture, enables parallel transaction processing, sub-second finality (on average, just 480 milliseconds), and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
In addition to vastly improving Sui's performance and user experience, Sui's design was purposefully implemented to create a first-class developer experience. Sui Move is both expressive and composable, enabling developers to build with unprecedented ease while their code remains inherently secure. Both new and seasoned developers can ramp up quickly to writing dynamic and safe smart contracts. Since the inception of the network, an unparalleled community of innovative founders, developers, and builders have formed around Sui. The Sui Discord channel boasts one of the largest channels of web3 community members – currently sitting at 750,000 members – and growing.
As a general smart contract platform, Sui is able to power a suite of world-class applications in gaming, finance, commerce, social media, and more. Users can access all of the core infrastructure required to support true digital asset ownership and enable transaction capabilities with decentralized applications and other ecosystem participants. New projects will launch at a steady pace in the coming weeks and months.
“Today is a monumental milestone for the entire Sui community and the digital asset ecosystem as a whole. For the first time, builders and users have access to a Layer 1 blockchain that allows developers to build freely, without being inhibited by complex infrastructure, and unlocks endless possibilities for users across the world,” said Greg Siourounis, Managing Director of the Sui Foundation. “I am deeply honored to help the Foundation support developers and proliferate the advancement of technology that is truly accessible and relevant to all facets of life, safe to use, and built by developers for developers.”
About Sui Foundation
The Sui Foundation is an independent organization that is dedicated to the advancement and adoption of the Sui network. The Sui Foundation supports the Sui community and their projects that enable individuals and creators to have unprecedented ownership over their data and content. Learn more: https://sui.io