Sui is a public blockchain of first–level smart contracts, which is designed to provide scalability and low latency for simple daily use, for example, asset transfer and payments. This is possible due to parallel transaction processing, which allows for more efficient use of processing resources and allows you to increase throughput by simply adding additional resources.

Sui invokes a consensus protocol only for co-owned objects, eliminating the concept of “lock time” for simple transactions. This allows you to complete transactions immediately.

The Sui platform is written in Rust and supports smart contracts written in the Rust-based Move programming language. Move was originally created by Facebook to develop the Diem blockchain (formerly known as Libra), which is currently abandoned due to opposition from regulators. But we’ll talk about this later

The SUI blockchain does not work according to the standard principle of building sequential transactions in the blockchain. It scales horizontally and in parallel. The SUI blockchain is divided into epochs, the epoch lasts 24 hours and thanks to this, validators will be able to vote for the gas price and they are obliged to provide an adequate price. A validator that provides an adequate price close to the minimum to get more payment, thus works to stimulate a low price for gas.