#EthereumSecurityInitiative Sui is a layer-1 blockchain designed for fast, low-cost transactions, utilizing parallel processing for enhanced scalability. Created by Mysten Labs, it employs the Move programming language, emphasizing asset security and efficient smart contract development.

Sui's architecture treats on-chain assets as individual "objects," enabling parallel transaction execution for independent assets, leading to high throughput and low latency. Its consensus mechanism, Narwhal and Tusk, further optimizes transaction finality. The SUI token is used for gas fees, staking, and governance within its growing ecosystem, which includes DeFi, NFTs, and gaming applications.