Sui Unveils Data Feed Solution 'Sui Indexing Framework'

Sui Unveils Data Feed Solution 'Sui Indexing Framework'

The Sui team is thrilled to announce the launch of the Sui Indexing Framework through official channels today. The Sui Indexing Framework is a comprehensive set of tools that will enable developers to generate customized data feeds, thereby facilitating the construction of related software. Sui is a permissionless Layer-1 blockchain network that leverages a novel consensus mechanism to enhance scalability and security. It was developed by Mysten Labs, a blockchain technology company co-founded by Evan Cheng, Sam Blackshear, Adeniyi Abiodun, and George Danezis. The company has received significant financial backing in the form of venture capital funding, including a Series B round in 2022 that garnered $300 million. Sui is designed to address the scalability trilemma, which posits that blockchains can only achieve two out of three fundamental properties: decentralization, security, or scalability. Sui's consensus mechanism, known as Narwhal and Tusk, enables the blockchain to achieve high transaction throughput without compromising decentralization or security. The Sui Indexing Framework is a valuable addition to the Sui ecosystem. It offers developers a valuable tool for creating custom data feeds tailored to their specific needs. This will make it easier to build applications that leverage Sui's advanced capabilities. We are excited to see what developers will create with the Sui Indexing Framework. We believe that its powerful functionality will play a key role in the development of the Sui ecosystem and contribute to the broader adoption of blockchain technology.