Comparison and Review: Sui vs Ethereum

Sui

• Symbol: SUI
• Name: Sui
• Asset Platform: N/A
• Categories: Smart Contract Platform, Layer 1 (L1), Sui Ecosystem
• Market Cap Rank: 100
• Price Change in the Last 30 Days: +100%

Sui is a layer-1 blockchain that focuses on low-latency blockchain transfers. It is designed to provide instant transaction finality and high-speed transaction throughput. This makes it suitable for on-chain use cases like games, finance, and real-time applications. Sui's smart contracts are written in Move, a Rust-based programming language that prioritizes fast and secure transaction executions. The platform achieves horizontal scaling through transaction parallelization, allowing parallel agreement across different types of transactions. Sui's consensus mechanism is based on a byzantine fault-tolerant proof-of-stake (PoS) algorithm.

Ethereum

• Symbol: ETH
• Name: Ethereum
• Asset Platform: N/A
• Categories: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem
• Market Cap Rank: 2
• Price Change in the Last 30 Days: -12.20%

Ethereum is a global, open-source platform for decentralized applications. Its vision is to create a world computer where anyone can build applications in a decentralized manner, with all states and data distributed and publicly accessible. Ethereum supports smart contracts, allowing developers to write code for programming digital value. The platform is home to various decentralized applications, including tokens, non-fungible tokens (NFTs), decentralized finance (DeFi) apps, lending protocols, decentralized exchanges, and more. Transactions and smart contract executions on Ethereum require gas fees, which are paid in Ether (ETH), the native coin of the blockchain.