As the Sui network prepares for its Mainnet launch, we are excited to announce that Everstake was selected to participate in Wave 1 of Sui Testnet. This testing phase lets operators test and prove network functions with the goal of establishing a resilient environment for decentralized applications.
This announcement follows a rigorous selection process that covers geographic diversity, infrastructure, community leadership and engagement, cloud capabilities, and level of experience. Operators that excel in these areas and pass KYC are permitted to launch a Sui node on the testnet. As a node operator on Sui Testnet, Everstake will help prove and refine the network’s operational capabilities, transaction verification, and resource usage.
The Sui blockchain, developed by Mysten Labs, is currently in its Incentivized Testnet phase that will gradually evolve from a multi-entity Sui network to a decentralized mainnet run by a set of independent validators. Sui validators contribute to the Sui blockchain network through handling requests sent by clients.
Everstake has extensive experience setting up secure infrastructure for multiple blockchains including leading ecosystems, such as Cosmos, Solana, Polygon, NEAR, ETH, and more. We run highly secure and reliable nodes for PoS protocols using enterprise-level hardware to ensure maximum efficiency and security.
Deep Dive:
Existing blockchain platforms have gaps that hinder developers from building decentralized applications capable of catering to the next billion users of Web3. Ethereum's scaling restrictions and soaring transaction fees make scaling dApps challenging, causing tangible limitations for many users.
Mysten Labs’ founders emerged from Meta's scrapped Diem cryptocurrency project to create a new Layer-1 blockchain, Sui, that offers developers high-quality toolkits for improving the end-user experience. Sui is a proof-of-stake blockchain that aspires to deliver Ethereum-style capabilities but with better design and tools for scaling.
Sui utilizes a variant of the Move programming language to offer high throughput and low latency, processing over 120,000 transactions per second. The ultimate goal is to make building dApps simple while providing users with an improved experience over existing applications. The project has yet to launch its public mainnet and remains in testing.
Once Sui goes live, Everstake will offer staking for SUI. You will be able to earn staking rewards by delegating SUI to our validator node. We will also educate our community about the advantages of staking SUI by making resources and educational materials available.
About Sui
Sui is a Layer-1 blockchain engineered from the ground up to enable creators and developers to build experiences for Web3. Developed by Mysten Labs, Sui is horizontally scalable to support a wide range of dApp development solutions with unrivaled speed at low cost. Sui has attracted a variety of DEXs, DeFi protocols, launchpads, NFT projects, social platforms, wallets, and much more.
Website: https://sui.io
Twitter: https://twitter.com/SuiNetwork
About Everstake
Everstake is a responsible validator trusted by 625k+ users across 70+ blockchain networks. At the time of publishing, more than $3 billion worth of assets have been staked with Everstake, and more than $2 million has been paid to delegators in staking rewards. Everstake maintains enterprise-level hardware to ensure maximum efficiency and security.
How to stake Sui?
Read more about how to stake Sui.
What it Sui blockchain?
Read about Sui blockchain and ecosystem.
Website: https://everstake.one
Twitter: https://twitter.com/everstake_pool
