In today's era, it has become exceedingly difficult for Layer 1 blockchains to gain market traction by merely repurposing existing technologies. Only fundamentally different technologies can justify the creation of a new Layer 1 blockchain.
In this respect, the Sui Network is particularly noteworthy. It features entirely new and innovative aspects including its consensus mechanism, mempool, and programming language. Moreover, it has advanced by improving existing consensus methods.
Features like zkSend and zkLogin seem to exemplify how blockchains for the masses should evolve. Sui, introducing these technologies at the forefront of the market, might indeed justify its existence as a new Layer 1.
In fact, in less than a year, Sui has achieved a Total Value Locked (TVL) of $700 million, ranking it third among non-EVM blockchains. The future prospects of Sui are certainly very promising.
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Solana is the leading integrated blockchain featuring parallel processing, low fees, and fast transactions. With their practical and developer-friendly technology stack, Solana is rapidly building a unique ecosystem for real-world adoption, overcoming a series of crises and regaining market share.
Explore the origins of the Sui blockchain and its technologies in detail, and investigate how Sui differs from other blockchains
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