{"id":77626,"date":"2023-06-15T16:26:06","date_gmt":"2023-06-15T16:26:06","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=definition&p=77626"},"modified":"2023-06-15T16:32:36","modified_gmt":"2023-06-15T16:32:36","slug":"sui-sui","status":"publish","type":"definition","link":"https:\/\/www.techopedia.com\/definition\/sui","title":{"rendered":"Sui ($SUI)"},"content":{"rendered":"

What Is Sui?<\/span><\/h2>\n

Sui is a Layer-1<\/a> blockchain that is designed to limit how long it takes to execute smart contracts<\/a> and support scalability for decentralized applications<\/a> (dApps).<\/p>\n

The blockchain<\/a> uses an object-centric data model that stores digital assets<\/a> and their attributes on-chain but outside of smart contracts. And parallel processing helps to finalize simple transactions, such as asset transfers, in real time while maintaining security.<\/p>\n

Sui is named after the element water in Japanese philosophy, a reference to its fluidity and flexibility that developers can use to shape the development of Web3<\/a>, according to the project\u2019s whitepaper<\/a>.<\/p>\n

How Does Sui Work?<\/span><\/h2>\n

The Sui blockchain shares common features with other networks, such as processing smart contracts, settlement of transactions, issuing tokens, and development of dApps. However, it introduces several new features that aim to solve the blockchain trilemma:<\/p>\n