We urge every DeFi project to maintain rigorous audits, formal verification and real-time monitoring so that prevention, not rescue, remains the standard.
Overclock Sui will cast a YES vote on the emergency upgrade to unlock $162mm frozen in the Cetus exploit. This is an exceptional, one-time measure––essential to protect users and support Sui’s formative growth.
If you, as our stakers, disagree with our position, we thank you for your support thus far and respectfully suggest you consider moving your stake to a validator aligned with a NO vote.
“We want to create the best case in blockchain and games, by combining the value created by the contents of games and the economy of in-game currency with tokenomics,” says NHN’s Head of Business Development Jine Lee.
@decryptmedia on the partnership:
https://t.co/i0Hejlk4YM
Ever wondered how blockchain networks balance the needs of users and validators? Diving into the heart of Sui network reveals an intricate gas price mechanism solving this puzzle 🧵👇
In sum, the Storage Fund effectively tackles blockchain data storage challenges by fairly distributing costs, incentivizing efficient data use, and continually rewarding validators. The growth of the fund also exerts a deflationary effect on SUI, possibly boosting its value.
Moreover, the Storage Fund encourages efficient use of on-chain storage by letting users claim a partial rebate on storage fees when deleting previously stored data. This aligns incentives between users and validators.
@SuiNetwork is averaging 20.39M TXs per day over the last 7 days, making it #1 in usage among all blockchains.
Lots of people are asking how –– so here's the answer!
Some people––wrongly––believe that Sui is overstating activity with a different definition of what constitutes a "transaction." We checked, and each TX is a single MoveCall (make_move) updating the game board. Even if multiple pieces are moved it still only counts as one TX.