GRAND CAYMAN, Cayman Islands–(BUSINESS WIRE)–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.
Sui has many advantages over currently available blockchains. Sui’s object-centric model, based on its novel architecture, enables parallel transaction processing, sub-second finality (on average, just 480 milliseconds), and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
In addition to vastly improving Sui’s performance and user
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