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Sui is a blockchain developed by former Meta (Facebook) employees, with its mainnet launched in early 2023. Like many other platforms, Sui operates on a Proof of Stake (PoS) consensus mechanism. Unlike most blockchains, Sui processes transactions in parallel, significantly increasing speed and efficiency. This unique structure allows Sui to offer ultra-fast transaction finality while maintaining security and decentralization.
The SUI token serves as the native asset of the ecosystem, used for transaction fees, governance, and staking. By staking SUI, users can participate in the network’s validation process, ensuring its security and efficiency. Sui’s vision is to make digital assets accessible to everyone while maintaining privacy and security.
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