SUI mainnet goes live as token sees immediate action on Binance, OKX, others

Major cryptocurrency exchanges around the world are releasing trading of the Sui (SUI) token in the middle of the Sui Networks mainnet launch on May 3. SUIs completely diluted market capitalization amounts to about $13 billion.What is SUI token?Sui, or the Sui Network, is a layer-1 blockchain and wise contract platform developed to increase Web3 adoption with fast speeds and high scalability.Unlike Bitcoin or Ethereum blockchains– which run on proof-of-work and proof-of-stake agreement systems, respectively– the Sui platform relies on handed over proof-of-stake. That implies that SUI network users can vote and choose for delegates to confirm the next block.Related: Justin Sun issues apology after Sui LaunchPool clashes with Binance CEOThe Sui project is well-known for being developed on Move, a brand-new Rust-based programs language designed at Meta, formerly understood as Facebook.

Significant cryptocurrency exchanges around the world are launching trading of the Sui (SUI) token amidst the Sui Networks mainnet launch on May 3. SUIs fully diluted market capitalization amounts to about $13 billion.What is SUI token?Sui, or the Sui Network, is a layer-1 blockchain and clever agreement platform designed to increase Web3 adoption with fast speeds and high scalability.Unlike Bitcoin or Ethereum blockchains– which run on proof-of-work and proof-of-stake agreement systems, respectively– the Sui platform relies on delegated proof-of-stake. That means that SUI network users can elect and vote for delegates to validate the next block.Related: Justin Sun issues apology after Sui LaunchPool clashes with Binance CEOThe Sui task is popular for being developed on Move, a brand-new Rust-based programming language designed at Meta, previously known as Facebook.