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            <title><![CDATA[Sui - Unleashing the Power of Smart Contracts]]></title>
            <link>https://paragraph.com/@crypta212/sui-unleashing-the-power-of-smart-contracts</link>
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            <pubDate>Thu, 30 Mar 2023 22:08:23 GMT</pubDate>
            <description><![CDATA[As an ingenious smart contract platform, Sui is upheld by a consortium of validators who operate in a permissionless manner, akin to validators or miners in other blockchain systems. With unmatched low-latency and unparalleled scalability, Sui is tailor-made for simpler use cases, enabling parallel processing of most transactions. This innovative approach makes better use of processing resources and allows for greater throughput by adding more resources. Sui&apos;s pioneering methodology does...]]></description>
            <content:encoded><![CDATA[<p>As an ingenious smart contract platform, Sui is upheld by a consortium of validators who operate in a permissionless manner, akin to validators or miners in other blockchain systems.</p><p>With unmatched low-latency and unparalleled scalability, Sui is tailor-made for simpler use cases, enabling parallel processing of most transactions. This innovative approach makes better use of processing resources and allows for greater throughput by adding more resources. Sui&apos;s pioneering methodology does away with consensus, instead relying on simpler and lower-latency primitives for simpler use cases such as payment transactions and asset transfers. This approach opens the door for latency-sensitive distributed applications, ranging from gaming to physical point-of-sale retail payments.</p><p>Sui is coded in Rust and supports smart contracts written in Sui Move, a dialect of the Move programming language. This allows for the creation of assets with an owner, including custom rules for their operation, transfer to new owners, and asset mutation. For more information on the differences between Core Move and Sui Move, see How Sui Move differs from Core Move.</p><p>Sui tokens and validators:</p><p>Sui boasts a native token, the SUI, with a fixed supply. The SUI token is used to pay for gas, and users can stake their SUI tokens with validators in a Delegated Proof-of-Stake model within an epoch. The voting power of validators in each epoch is proportional to the amount of SUI in their staking pool, which includes both validator and user SUI tokens. Within any epoch, the set of validators is Byzantine fault tolerant. At the end of the epoch, fees collected from all processed transactions are distributed among validators according to their contribution to the network&apos;s operation. Validators can, in turn, reward users who stake their SUI with them by sharing some of the fees.</p><p>Sui is the result of state-of-the-art peer-reviewed works and years of open-source development, and it promises to revolutionize the smart contract landscape with its groundbreaking approach.</p>]]></content:encoded>
            <author>crypta212@newsletter.paragraph.com (Crypta212)</author>
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            <title><![CDATA[SUI, the last piece of the puzzle]]></title>
            <link>https://paragraph.com/@crypta212/sui-the-last-piece-of-the-puzzle</link>
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            <pubDate>Thu, 30 Mar 2023 22:03:17 GMT</pubDate>
            <description><![CDATA[Sui is a smart contract platform that&apos;s upheld by a permissionless consortium of validators, who operate much like validators or miners in other blockchain systems. Sui brings scalability and unmatched low-latency to simpler use cases, as it enables parallel processing of most transactions. This approach better utilizes processing resources, while also offering the flexibility to boost throughput by adding more resources. Rather than relying on consensus, Sui employs simpler and lower-la...]]></description>
            <content:encoded><![CDATA[<p>Sui is a smart contract platform that&apos;s upheld by a permissionless consortium of validators, who operate much like validators or miners in other blockchain systems.</p><p>Sui brings scalability and unmatched low-latency to simpler use cases, as it enables parallel processing of most transactions. This approach better utilizes processing resources, while also offering the flexibility to boost throughput by adding more resources. Rather than relying on consensus, Sui employs simpler and lower-latency primitives for simple use cases such as payment transactions and asset transfers. This groundbreaking approach unlocks new possibilities for latency-sensitive distributed applications, from gaming to physical point-of-sale retail payments.</p><p>Written in Rust, Sui supports smart contracts written in Sui Move, a dialect of the Move programming language. This allows assets with an owner to be defined and operated on, including custom rules for their creation, transfer to new owners, and asset mutation. To learn more about the differences between Core Move and Sui Move, see How Sui Move differs from Core Move.</p><p>Sui has a native token known as SUI, with a fixed supply. The SUI token is used to pay for gas, and users can stake their SUI tokens with validators in a Delegated Proof-of-Stake model within an epoch. The voting power of validators in each epoch is proportional to the amount of SUI in their staking pool, which includes both validator and user SUI tokens. Within any epoch, the set of validators is Byzantine fault tolerant. At the end of the epoch, fees collected from all processed transactions are distributed among validators according to their contribution to the network&apos;s operation. Validators can, in turn, reward users who stake their SUI with them by sharing some of the fees.</p><p>Sui is backed by state-of-the-art peer-reviewed works and years of open-source development.</p>]]></content:encoded>
            <author>crypta212@newsletter.paragraph.com (Crypta212)</author>
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