Sui begins testing new virtual machine

Sui (SUI) has announced that it has entered the testing phase for a new virtual machine (VM). The VM features a completely redesigned execution layer to increase processing speed. It also includes performance enhancements such as faster caching and new features for the next generation of the Move programming language. Sui plans to launch a bug bounty program before the VM is deployed on the mainnet. The project noted that while the VM has not yet been applied to the testnet, the bug bounty will offer rewards based on mainnet standards.