Sui is a permissionless layer 1 blockchain designed to be both developer and user-friendly. It can support a wide range of application development with unrivaled speed at low cost.
Sui uses objects as its basic unit of data storage rather than accounts, as happens on most other blockchains. Developers define, create, and manage these programmable objects that represent user-level assets. An object has distinct attributes, including ownership, whose values can be updated based on the governing logic of the smart contract that created it.
Although a smart contract creates an object, it does not store the object. Objects and their attributes are stored directly on-chain.
Most assets on Sui are owned by a single address, recorded as a data value for the object. These are referred to as “owned objects.” Transferring ownership simply requires a change of that value. Transactions that are independent of any other action being performed on the network, such as an asset transfer, are considered simple or “single-writer” transactions and can be processed without going through consensus.
Some assets have shared ownership, meaning multiple accounts must authenticate a transaction that changes data related to the object. These transactions are considered complex and must be validated through consensus.
What could be a predicted price of sui from listings? If anyone can help out… Thanks
I’m just curious
maybe $3 is amazing enough