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Summary of Sui - Sui Name Service Sui is a new generation Layer 1 blockchain, like other new generation blockchains, Sui also aims to solve the "blockchain triangle". Sui introduces itself as a blockchain capable of handling all tasks and jobs on a single network with high performance. This means that Sui aims to focus on scalability and parallel transaction processing with low latency.
Highlights of Sui To receive the attention of a large community, Sui must be a special project with many differences.
Move Programming Language
As one of two projects that inherit Diem's legacy, Sui also uses a new programming language specifically for Diem, Move. Not only that, but Sui also develops and uses a slightly different version of Sui Move.
Built on top of Solana's Rust language, Move focuses on memory safety, can provide transparency for immutable values, and prevents memory data leaks. Instead of storing assets in hash maps and locked on a contract like Solidity, Move allows users to define digital asset types themselves into custom objects (read-only, owned, shared objects).
Narwhal & Tusk . Consensus Algorithm
To ensure that the network remains safe even if the nodes are manipulated and hacked, Sui uses the Narwhal & Tusk consensus algorithm.
Impressive TPS
Sui is a blockchain with high performance and high throughput. According to the results of an experiment, the Sui blockchain was able to achieve a performance of 120,000 TPS. If this number could be achieved under normal conditions, this would be a very large number. For ease of visualization, we can compare it to Ethereum's 15 TPS or even Solana's 65,000 TPS.
Gas charge is designed to be stable
Most blockchains today have gas fees that fluctuate greatly according to changes in market demand. To keep gas fees low and predictable, Sui uses a gas design like this: Sui operates on a timed basis of each epoch (each epoch is 24 hours), the network's validator pool changes every epoch. At the beginning, the new validator team will vote for a fixed reference gas price for the whole epoch.
The protocol then provides a certain incentive for validators to keep transaction fees close to the reference price during the epoch. If gas fees are kept stable, transactions sent to Sui will also be processed at a more predictable rate.
Since Sui is a blockchain capable of linearly scaling throughput as more workers become available, validators can add workers in proportion to the increase in network demand to keep gas fees stable. This will give the user a better experience.
that's scalability, one of Sui's strengths, we'll follow in part 3!
Summary of Sui - Sui Name Service Sui is a new generation Layer 1 blockchain, like other new generation blockchains, Sui also aims to solve the "blockchain triangle". Sui introduces itself as a blockchain capable of handling all tasks and jobs on a single network with high performance. This means that Sui aims to focus on scalability and parallel transaction processing with low latency.
Highlights of Sui To receive the attention of a large community, Sui must be a special project with many differences.
Move Programming Language
As one of two projects that inherit Diem's legacy, Sui also uses a new programming language specifically for Diem, Move. Not only that, but Sui also develops and uses a slightly different version of Sui Move.
Built on top of Solana's Rust language, Move focuses on memory safety, can provide transparency for immutable values, and prevents memory data leaks. Instead of storing assets in hash maps and locked on a contract like Solidity, Move allows users to define digital asset types themselves into custom objects (read-only, owned, shared objects).
Narwhal & Tusk . Consensus Algorithm
To ensure that the network remains safe even if the nodes are manipulated and hacked, Sui uses the Narwhal & Tusk consensus algorithm.
Impressive TPS
Sui is a blockchain with high performance and high throughput. According to the results of an experiment, the Sui blockchain was able to achieve a performance of 120,000 TPS. If this number could be achieved under normal conditions, this would be a very large number. For ease of visualization, we can compare it to Ethereum's 15 TPS or even Solana's 65,000 TPS.
Gas charge is designed to be stable
Most blockchains today have gas fees that fluctuate greatly according to changes in market demand. To keep gas fees low and predictable, Sui uses a gas design like this: Sui operates on a timed basis of each epoch (each epoch is 24 hours), the network's validator pool changes every epoch. At the beginning, the new validator team will vote for a fixed reference gas price for the whole epoch.
The protocol then provides a certain incentive for validators to keep transaction fees close to the reference price during the epoch. If gas fees are kept stable, transactions sent to Sui will also be processed at a more predictable rate.
Since Sui is a blockchain capable of linearly scaling throughput as more workers become available, validators can add workers in proportion to the increase in network demand to keep gas fees stable. This will give the user a better experience.
that's scalability, one of Sui's strengths, we'll follow in part 3!
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