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sui
sui
SUI is a Layer 1 blockchain designed for scalability, speed, and accessibility, offering a unique object-centric data model for efficient data interaction. It supports Web3 applications with advanced features that cater to developers and users.
This coin is available on Newton.
The platform was created by Mysten Labs, founded by blockchain experts including Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias. Their expertise in distributed systems and cryptography is evident in SUI’s robust design.
SUI uses the Move programming language, originally developed for the Diem project, which ensures security and flexibility for creating on-chain smart contracts and digital assets. This makes the network a powerful tool for decentralized innovation.
Unlike traditional blockchains, the SUI network can handle high transaction volumes by processing them in parallel, reducing bottlenecks and gas fees. Its delegated proof-of-stake (DPoS) mechanism ensures security while empowering validators and stakers.
SUI is versatile and optimized for applications like gaming, finance, and social platforms, providing a reliable and efficient blockchain ecosystem for the growing Web3 landscape.
SUI operates as a Layer 1 blockchain with a focus on performance and scalability, using an object-centric data model that directly interacts with on-chain data. This approach allows applications to access and manipulate data more efficiently.
The platform uses a delegated proof-of-stake system, where validators confirm transactions and maintain network security, with token holders delegating their stakes to participate indirectly. This balances decentralization and speed.
SUI uses the Move programming language to ensure secure and robust smart contracts, enabling developers to create innovative Web3 applications. This programming model prioritizes simplicity and prevents common vulnerabilities.
Unlike many blockchains, the SUI network processes transactions in parallel, making it highly efficient and minimizing delays. This results in lower gas fees and a seamless user experience for developers and users alike.
SUI prioritizes both performance and security, offering a permissionless blockchain environment that is reliable, scalable, and suitable for diverse applications.
The SUI market can significantly influence its price fluctuations. Here’s how:
Newton offers real-time tracking of the live price of SUI in CAD. Here’s how to access it:
Several factors contribute to changes in the price of SUI. Here’s a breakdown:
SUI is the native token of the Sui blockchain network and plays a pivotal role in supporting decentralized finance (DeFi) and blockchain transactions. Here’s what you should know:
SUI is a versatile platform, well-suited for creating decentralized applications in finance, gaming, and social platforms. Its scalability and efficient data handling make it a prime choice for developers aiming to build complex systems.
In decentralized finance (DeFi), SUI enables high-speed transactions with reduced gas fees, supporting everything from token swaps to lending platforms. Its delegated proof-of-stake model ensures secure operations.
Gaming platforms can benefit from the SUI network’s object-centric model, enabling smooth integration of digital assets like in-game items and NFTs. This creates a seamless experience for players and developers.
Social platforms and content-sharing apps can use SUI to create decentralized ecosystems where creators maintain control of their digital assets. By leveraging its secure and scalable features, these platforms can empower users.
SUI currently offers a circulating supply of 2.85 billion tokens, making it a robust ecosystem for a range of Web3 applications while fostering a growing community of developers and users.
The SUI network was created by Mysten Labs, founded by a team of experienced blockchain experts including Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias. This team brought their expertise from the Diem project to build SUI.
SUI was introduced as a solution to scalability and usability challenges in existing blockchains, emphasizing its Layer 1 design and object-centric data model. Its early development focused on fostering a strong ecosystem for developers and users.
The platform’s use of the Move programming language was pivotal in ensuring secure and efficient smart contract development. It quickly gained traction for its innovative approach to on-chain transaction handling.
With a focus on real-world applications, SUI prioritized reducing gas fees and improving transaction speeds through parallel processing. This made it a strong contender in the competitive Web3 space.
Today, the SUI network continues to evolve, with its robust delegated proof-of-stake mechanism and versatile features, supporting a wide range of decentralized applications across industries.
A SUI wallet serves as the primary method for users to securely store, transfer, and manage their SUI tokens across decentralized networks. Here’s how it works:
The circulating supply of SUI represents the number of tokens actively circulating in the market and is a critical metric for understanding its value and market positioning. Here’s how this concept applies:
SUI’s role in decentralized applications and DeFi ecosystems focuses on smart contract execution, governance, and scalable transaction support. Here’s how SUI contributes:
You can securely store your SUI tokens in a regulated platform like Newton or use a private digital wallet. A secure wallet allows you to have full control over your holdings while giving you access to price trends and market moves at your fingertips.
One of the best ways to maximize your SUI holdings is by staking. DeFi platforms let you lock in your tokens, contributing to network consensus while earning rewards. If you’re looking for a low-risk way to grow your SUI, staking could be your go-to strategy.
SUI is accepted by select merchants and decentralized applications, letting you use it for purchases or services directly. Real-time market tracking allows you to time your purchases or trades for optimal returns.
SUI’s blockchain network allows you to transfer tokens with minimal fees and lightning-fast transaction speeds. Whether you’re trading, sending to friends, or paying a vendor, transferring SUI is straightforward and secure.
Want to support a cause? Many organizations now accept SUI donations. It’s an innovative and transparent way to give, ensuring your tokens make an impact.
Trading SUI for other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) is easy on regulated platforms. This lets you diversify your crypto portfolio without unnecessary market risks or manual trading stress.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying SUI directly from peer-to-peer (P2P) platforms or unregulated sources can expose you to unnecessary risks. These methods often lack safeguards, leaving you vulnerable to scams or unfair trades. Avoid these routes unless you’re 100% sure of the seller’s credibility.
The safest and smartest way to buy SUI in Canada is through a regulated platform like Newton. Newton offers Canadian traders a seamless way to buy SUI and 70+ other crypto assets using easy payment methods such as e-Transfer or wire transfer. These options are quick, secure, and beginner-friendly, giving you full control of your SUI purchases.
When it comes to SUI, Newton offers competitive market rates. The platform is optimized to give you access to fair prices every time you trade.
Newton prioritizes your security. With multi-factor authentication, anti-phishing features, and advanced device monitoring, your SUI investments are as safe as possible.
Newton makes it affordable to buy and sell SUI, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Whether you prefer desktop or mobile, Newton’s interface is optimized for all devices. Monitor your portfolio and execute trades on the go without any hassle.
Trading crypto can be intimidating, but Newton’s intuitive design simplifies it. Their clean interface allows you to monitor trends, track your portfolio, and make trades effortlessly.
Newton is tailored specifically to Canadian users, with local payment options, support services, and streamlined trading methods that fit the Canadian lifestyle.
The first step is signing up for Newton, a trusted Canadian cryptocurrency platform. Their user-friendly interface and smooth onboarding process make it easy for anyone to get started trading SUI. Simply input your information and complete identity verification.
Add funds to your Newton account via Interac e-Transfer or wire transfer—both options are fast, reliable, and Canadian-friendly. Once you’ve got CAD in your account, you’re ready to buy.
After funding your account, locate SUI in the Newton's list of assets. With a simple click, you’ll be able to buy SUI at real-time market prices.
Find and select SUI in the trading interface. The Newton platform makes this easy with advanced filters and streamlined navigation.
Specify how much SUI you’re looking to acquire. Whether you’re starting small or investing big, Newton provides the flexibility to trade based on your needs.
Double-check your order and confirm your purchase. Once completed, your SUI will be safely stored in your Newton wallet, ready for holding or trading.
Private wallets are a popular choice for long-term SUI storage. They give you full ownership of your tokens, but they come with the responsibility of securing your private keys. If they’re lost, there’s no recovery, so only use wallets you trust.
You can make things secured by storing your SUI directly in your Newton wallet! Newton provides advanced security features like two-factor authentication and encryption to help keep your tokens protected while being accessible for trading.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Sui, please see our Asset Statement.
