Sui Partners With Coinbase Cloud To Offer Non-Custodial Staking

Key Points:

• Sui has reached a partnership with Coinbase Cloud to provide users with a non-custodial staking service.
• The partnership aims to help Sui Blockchain achieve high performance and faster transaction speeds with lower network fees for users without spikes during periods of increased activity.
• Coinbase Cloud can provide developers with a secure and reliable Sui unattended staking infrastructure.

Public blockchain project Sui has reached a partnership with Coinbase Cloud to provide users with a non-custodial staking service.

The stake is a core service of Coinbase Cloud by its Multi-Cloud, Multi-Region Infrastructure to support competitive uptime. The platform has deep experience running nodes in high throughput networks, including Aptos, Solana, Ethereum, Algorand, Flow, and more. Besides that, it also has high standards for its products’ quality, reliability, and security.

Through the partnership, Coinbase Cloud announced it would be able to provide developers with a secure and trusted Sui unsecured staking infrastructure that can be integrated with a custodial solution elect to offer staking services to their end users.

Sui’s gas price mechanism uses the Gas Price Survey to set a reference price and the Tally Rules for community-driven price enforcement. It aims to provide low, predictable transaction fees by having validators agree on a Reference Price across the network at each starting point.

That will make the blockchain achieve high performance and faster transaction speed. In addition, lower network fees for users do not spike during periods of increased activity.

According to the announcement, to overcome the congestion, the public blockchain will use two protocols in parallel:

• Byzantine consistent broadcasting for simple transactions.
• Narwhal/Bullshark consensus for complex, interdependent transactions.

After waiting, the Sui blockchain finally deployed and issued SUI tokens. The tokens were listed and opened for trading on major exchanges, including Binance, OKX, Huobi, Kucoin, Bitfinex, etc.

The awaited blockchain uses the Move programming language developed by Facebook, similar to its rival Aptos (APT). According to blockchain data, at the time of implementation, Sui’s validators were staking up to 4.2 billion tokens to participate in validating transactions through more than 2,100 nodes, concentrated in the US, Germany, Eastern Europe, and East Asia.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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