<a href="https://www.cryptoknowmics.com/news/sui-network-utilizes-mist-units-to-boost-payment-effectiveness">Sui Network</a>, a layer-1 blockchain established by ex-Meta (now Facebook) employees, has <a href="https://twitter.com/SuiNetwork/status/1593334723551428608" target="_blank" rel="nofollow noopener">announced</a> the opening of its testnet "Wave 1", a location where the sustainability of the system can be thoroughly examined.
<h2>“Wave 1” For Validators and Full Nodes</h2>
According to a Twitter post from Sui Network, the testnet "Wave 1" would be used for verifiers and complete nodes to enhance <a href="https://www.cryptoknowmics.com/news/all-you-need-to-know-about-decentralized-start-up-musixverse">decentralized</a> coordination + incident reaction and designate a core set of functions expertise in installing, monitoring, and debugging.

https://twitter.com/SuiNetwork/status/1593334723551428608

In recent months, Sui has acquired a lot of traction and is considered a rival to the <a href="https://www.cryptoknowmics.com/news/ankr-becomes-one-of-the-first-rpc-providers-to-the-aptos-blockchain">Aptos blockchain</a>, developed by ex-<a href="https://www.cryptoknowmics.com/news/meta-lays-off-13-of-its-workforce-and-about-11000-jobs">Meta</a> personnel. The programming language Move is utilized by both Aptos and Sui.
<h2>Mysten Labs Fundraising Round</h2>
The Sui Blockchain's creator, <a href="https://www.cryptoknowmics.com/news/mysten-labs-closes-a-300-million-raise-led-by-ftx-ventures">Mysten Labs</a>, earned $300 million in a fundraising round headed by the now-defunct FTX Ventures in September. During the fundraising round, Mysten Labs was also valued at $2 billion. The Sui blockchain's creators introduced Mist units in October in an effort to enhance the network's transaction infrastructure.

Developers can continue to utilize Sui's developer network (devnet) to test and create <a href="https://www.cryptoknowmics.com/news/binance-owned-trust-wallet-adds-support-for-solana-dapps">decentralized applications (dapps).</a>

Sui Network From Ex-Meta Employees Launches Its Testnet "Wave 1"

Sui Network, a layer-1 blockchain established by ex-Meta (now Facebook) employees, has announced the opening of its testnet "Wave 1.

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Sui Network From Ex-Meta Employees Launches Its Testnet "Wave 1"

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