Bestla VC’s recent investment in Sui highlights a strategic move towards revolutionizing smart contract platforms for efficient asset management. Let’s explore the core features of Sui, its Move programming language, and the decentralized system that powers its operations.
Understanding Sui
Sui is a decentralized permissionless smart contract platform designed to manage assets with low-latency efficiency. It leverages the Move programming language to define assets as objects owned by specific addresses. These Move programs govern operations on assets, including their creation, transfer, and mutation.
Key Features of Sui
1. Decentralized Maintenance: Sui is maintained by a permissionless set of authorities, ensuring decentralization similar to validators or miners in other blockchain systems. A Byzantine consistent broadcast protocol between authorities ensures the safety of common asset operations, enhancing scalability and reducing latency.
2. Move Programming Language: Sui smart contracts are written in the Move language, originally developed at Facebook for the Diem blockchain. Move is safe, expressive, and supports parallel agreement/execution strategies, making Sui scalable and efficient.
3. Global State and Objects: Sui’s global state includes programmable objects managed by Move packages, which contain Move modules defining functions and types. These objects can encode various assets, capabilities, and smart contracts, providing flexibility for developers.
Move Programming Model
Sui’s Move programming model enables the creation and management of assets through structured modules and transactions:
– Modules: Move programs are organized into modules containing struct and function declarations. Modules can import types from other modules and invoke functions across boundaries, enabling robust and safe code development.
– Transactions and Entrypoints: Transactions update Sui’s global object pool by creating, destroying, reading, and writing objects. Each transaction requires inputs for existing objects and includes entrypoints for specified operations.
Decentralized System
Sui operates as a permissionless decentralized system, ensuring safety, liveness, and performance for asset management. Authorities play a crucial role in maintaining Sui within epochs, with periodic reconfigurations based on delegated stake. Gas fees paid in SUI tokens incentivize authorities and contribute to the operation of the platform.
Bestla VC’s investment in Sui signifies a commitment to advancing smart contract platforms for efficient asset management. With its innovative features, decentralized governance, and robust programming model, Sui is poised to revolutionize the way assets are managed on the blockchain. As development progresses, Sui aims to empower developers and users with unparalleled flexibility and scalability in asset management.
