Layer-1 blockchain Sui has announced the launch of its mainnet on Wednesday as it gears up to take on other decentralized finance (DeFi) heavyweights such as Aptos.
The Sui network was developed by Mysten Labs, founded by ex-Meta executives, and uses the Rust-based Move programming language.
Sui Mainnet Goes Live
The launch of the high-performance blockchain comes after months of testing, with the team announcing the launch through a press release. The press release stated,
“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.”
The press release states that Sui offers several advantages over current blockchains, with its object-centric model enabling parallel transa
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