Sui is considered a “Solana killer” due to its innovative approach to solving some of the limitations seen in Solana and other high-performance blockchains. Here’s a more detailed explanation:
1. Scalability and Parallel Processing:
Sui’s architecture allows it to process transactions in parallel, meaning it can handle significantly more transactions at once compared to Solana. Solana’s system relies on vertical scaling, where transaction processing speed depends on improving hardware over time. On the other hand, Sui’s horizontal scaling model can expand by adding more nodes to the network, making it potentially more scalable as demand grows. This parallel execution leads to greater transaction throughput, which could outpace Solana in the long run.
2. Instant Finality and Low Latency:
Both Sui and Solana focus on fast transaction processing, but Sui has the advantage of instant finality—where transactions are confirmed immediately once validated. This means there’s no delay in confirming whether a transaction has been fully processed. While Solana is also fast with its Proof of History mechanism, high network traffic can still cause delays, which Sui aims to avoid.
3. Move Programming Language:
Sui uses the Move programming language, which is known for its simplicity and security. Originally developed for Facebook’s Diem project, Move helps prevent common programming bugs and security vulnerabilities that developers often face. In comparison, Solana uses Rust, which, while powerful, has a steeper learning curve for developers. Sui’s use of Move makes it easier for both new and experienced developers to build secure decentralized applications (dApps).
4. Object-Based Model:
One of the unique aspects of Sui is its object-centric model. This approach treats every piece of data as an independent object, allowing for more efficient and isolated processing of transactions. Solana’s account-based model, on the other hand, can become bottlenecked when too many transactions interact with the same account. Sui’s object-based system helps avoid these congestion issues, which could make it more efficient for high-traffic applications.
5. Strong Technical Team:
Sui is developed by Mysten Labs, a team made up of former engineers from Facebook’s Diem project, bringing significant experience in designing scalable distributed systems. This gives Sui a technical edge, as the team has already worked on large-scale systems before.
6. Developer and Community Friendly:
Sui is positioning itself to be more accessible for developers, providing simplified tools and an efficient programming language. While Solana already has a strong developer community, its network has experienced issues like outages and congestion, which could be problematic if not addressed. Sui aims to attract more developers with easier-to-use tools and better performance, which could lead to a larger ecosystem of dApps.
Conclusion:
Sui is considered a “Solana killer” because it introduces solutions to issues around scalability, speed, and developer accessibility, making it a strong competitor in the blockchain space. While Solana is still a major player with an established ecosystem, Sui’s focus on parallel processing, instant finality, and simplified development tools positions it as a serious contender. Whether it will surpass Solana depends on how well it scales and attracts developers in the future.
This is no financial advice. Includes third party opinion.