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SUI price calculator

Use the SUI price calculator to convert prices for SUI trading pairs and for all markets on the BTC Markets exchange.

About SUI (SUI)

Sui is a decentralised blockchain platform designed for building decentralised applications (dApps) with high speed, low cost, and user-friendly features. It uses its own MOVE programming language and Narwhal-Tusk consensus algorithm. With a maximum supply of 10 billion SUI tokens, Sui aims to provide a secure and transparent network for developers and users to create and exchange value.

Using SUI (SUI) price information

SUI price information plays an important role in evaluating portfolio performance, observing daily pricing shifts, identifying market trends, and mitigating investment risks.

Frequently asked questions

What is Sui (SUI) and how does it work?

Sui (SUI) is a new layer-1 blockchain designed to achieve unprecedented speed and scalability. It operates as a scalable, low-latency, and smart contract platform fostering the development of decentralised applications (dApps) and the execution of smart contracts.

Sui aims to serve as a platform catering to the next billion users in the world of web3. With a focus on dApp deployment, Sui positions itself as an alternative to existing options like Ethereum.

Sui allows transactions to be processed in parallel due to its unique data model and consensus approach. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and storage of operations on the network.

How is the Sui (SUI) price determined and updated?

The SUI price is primarily determined by market dynamics across multiple cryptocurrency exchanges. Fluctuations in supply and demand, as well as other factors, influence its price.

As buying and selling commence on crypto exchanges and trading platforms, the price of SUI is updated in real-time.

How Is the Sui (SUI) network secured?

The Sui network security predominantly relies on blockchain consensus mechanisms, typically employing Proof of Stake (PoS) consensus mechanisms. These consensus algorithms validate transactions, secure the network against fraudulent activities, and confirm the authenticity of data.

SUI token holders have the option to delegate their tokens to validators, which in turn enhances the network's security and stability. Validators or miners contribute their computing power or stake tokens to verify transactions and uphold the blockchain’s integrity, ensuring network stability and decentralisation.

Where can Sui (SUI) be bought?

BTC Markets stands out as a top choice for purchasing SUI in Australia. Renowned for its user-friendly interface, robust security measures, 365,000+ registered users, and offering a wide selection of cryptocurrencies for trading, BTC Markets is a trusted and convenient platform for buying and selling SUI within Australia.

Find out the latest SUI news

Weekly Crypto Wrap: 18th April 2024
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Weekly Crypto Wrap: 18th April 2024

Read more - Weekly Crypto Wrap: 18th April 2024
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