Grand Cayman, Cayman Islands, July 11th, 2024, Chainwire
Zero Hash, the leading crypto and stablecoin infrastructure platform, has announced that its platform customers can now enable the SUI token from Sui, the Layer 1 blockchain in permitted jurisdictions.
Sui was designed with the objective of providing unparalleled speed, security, and scalability. It achieves near instant transaction finality and supports up to 297,000 transactions per second. Utilizing the innovative Move programming language, Sui enables developers to build advanced, secure smart contracts. The Sui blockchain has already processed over four billion transactions, showcasing its capability to support large-scale applications and services.
Zero Hash's full stack technical and global regulatory infrastructure facilitates the compliant movement of value of fiat, crypto, and stablecoins. Zero Hash’s APIs and SDKs enable businesses to seamlessly embed blockchain technology, including Sui, with minimal friction. With access to over 65 digital assets and 22 blockchains, now including Sui, Zero Hash powers businesses to build highly connected and interoperable crypto and stablecoin products, for the new era of money movement and value transfer.
Analysis
Zero Hash's integration of the SUI blockchain into its platform provides a significant opportunity for businesses and users to interact with innovative technology. This move simplifies and enhances the process of moving value globally, allowing for seamless integration of blockchain technology for various applications. The Sui blockchain's speed, security, and scalability make it a powerful tool for developers looking to create advanced smart contracts and large-scale applications. Overall, this integration opens up new possibilities for businesses to leverage blockchain technology in a compliant and efficient manner, ultimately shaping the future of money movement and value transfer.