The highly anticipated SUI mainnet went live on May 3rd. In an announcement, the Sui Foundation – the organization behind the development of the network – revealed that the builders and users will be able to access the Layer 1 blockchain, which enables devs to build freely without being restricted by complex infrastructure.
SUI Launch
For the uninitiated, the Sui blockchain is essentially a smart contract platform designed to foster the growth of Web3 with enhanced speed and scalability. The network relies on delegated Proof-of-Stake (dPoS) that lets users elect and vote delegates in order to confirm the next block.
Commenting on the development, Greg Siourounis, Managing Director of the Sui Foundation, said,
“Today is a monumental milestone for the entire Sui community and the digital asset ecosystem as a whole. For the first time, builders and users have access to a Layer 1 blockchain that allows developers to build freely, without being inhibited by complex infrastructure, a
We współpracy z: https://cryptopotato.com/sui-faced-massive-volatility-minutes-after-mainnet-launch/
