Sui to Host Meetup in Bekasi on July 11th
Sui Community Meetup Bekasi will take place on July 11th in Bekasi, from 10:00 to 14:00 UTC. The agenda includes discussions on Bitcoin’s prospective parabolic movement and the timing of the next altcoin cycle.SUI InfoSui is a first-tier blockchain designed to address certain challenges associated with Web3.One of the major innovations offered by Sui is parallel transaction execution. On other platforms that process smart contracts, transactions are executed one at a time, usually in the order they are received. This leads to longer processing times. However, the Sui blockchain accepts transactions in parallel, and simple operations bypass consensus, allowing them to be completed almost instantaneously.The Sui network supports smart contracts through the Sui Move language, which is an upgraded version of the Move language. Move is a programming language based on the popular Rust language and prioritizes fast and secure transaction execution.SUI is the native token of the Sui blockchain. Tokens can be used for staking and as payment for gas fees in the Sui PoS network.