📢: Today, we're excited to announce our $300M Series B funding round. This milestone signals the technical strength & immense potential of our Sui ecosystem. #Suinami🌊 1/🧵
2/ We believe in a future where every major digital exchange of value will be done via public ledgers. Public blockchains⛓️ usher in a world of greater transparency & seamless composability of assets that will ultimately benefit end users. 🙌
3/ The next web3 cycle is due for an upgrade. We need to go from the existing crypto dial-up era to super fast broadband by addressing:
💧Poor developer experience
💧Low scalability, high cost
💧Poor onboarding experiences
💧Very limited use cases
4/ Sui is a monumental R&D + engineering effort. We've built what we believe to be the strongest, multi-disciplined team in the space to make it a reality.
This funding enables us to expand + accelerate Sui’s launch, invest in the Sui ecosystem & continue expansion into Asia. 🌏
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💡 Engineering design is built in sync with current innovations
⛓ Everything lives on the blockchain as an independent object
⚖️ Horizontal scaling allows to execute different transactions at the same moment
Our high-level goal was to make sure that the gas mechanism always delivers low & predictable gas for all users. Sui did this by dividing time across epochs. An epoch goes through, users submit transactions & validators process them. ↴
Difficulty with more traditional smart contract languages that #MoveLang is trying to solve is code composition & reuse. New VSCode plugin delivers a set of features that can aid developers. A thread 🧵
The new features provided by the current version of move-analyzer’s language server include:
▫️ Type on hover
▫️ Go to definition
▫️ Go to type definition
▫️ Find references
▫️ Error reporting
Type on hover:
When encountering identifier in unknown code base, you may not know the type of the identifier. If you hover a cursor over the name of an identifier, you will see the name of this identifier displayed in a tooltip.
Excited to finally share the economic model that will let Sui serve the next billion web3 users & deliver a flourishing economy. A thread by our Head Economist @alonsodegortari : 🧵👇 1/n
2/n: The Sui Smart Contracts Platform is:
🍃 environmentally-friendly
🤑 cost-efficient
🌊 high-throughput
⬇️ low-latency
⛓️ permissionless blockchain
Sui’s economic model is tailored to operate smoothly in sync with Sui’s engineering design: bit.ly/twtokenomics
3/n: Sui’s ⛽ gas price mechanism + 🗄️ storage fund work hand-in-hand with Sui’s ability to parallelize transactions, scale horizontally, & store arbitrary amounts of on-chain data.
Ensuring Sui's engineering design is matched by an economic model enabling success at scale.
Mysten Labs is proud to present... Sui! Let’s dive into “parallel agreement” — a breakthrough in system design. A 🧵. 1/8 #blockchaintechnology
2/8 - Sui scales horizontally with no upper bound to meet application demand while maintaining extremely low operating costs per transaction. #blockchain
3/8 - Sui's system design breakthrough eliminates a critical bottleneck in existing #blockchains : the need to achieve global consensus on a total-ordered list of transactions.