Dear Biconomy Users,
Biconomy will list SUI and open SUI/USDT trading pair at 04/20/2023 12:00(UTC).
The deposit and withdrawal function will not be opened currently. Please pay attention to the follow-up announcement for the opening time of deposit and withdrawal function.
Sui is a low-latency, high-throughput layer-1 chain. Its instant transaction finality makes Sui a prime candidate for on-chain use cases like DeFi and GameFi. The blockchain is programmed in Rust, a programming language with a focus on fast and secure transaction executions. Rust is also the programming language of Solana, another high-speed blockchain. Sui’s declared goal is to “cater to the next billion users in web3” by offering decentralized application (Dapp) deployment with a superior smart contract architecture compared to rival chains like Ethereum. The blockchain utilizes a process called “transaction parallelization” to achieve that, which allows transaction processing in “parallel agreement.” This “horizontal scaling,” as Sui dubs it, leads to better data organization in the byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.
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