Sui (SUI)

• Symbol: SUI
• Name: Sui
• Market Cap Rank: 95
• Price Change Percentage (30d): 95%
• Website: https://sui.io/
• Listed Exchange: MEXC, DigiFinex, Binance, Bitget, OKX, Gate.io, BitMart, KuCoin, BTSE, Bybit, Phemex, Coinbase Exchange, Crypto.com Exchange, BingX, Bitfinex, WhiteBIT, Kraken, Cetus, AscendEX (BitMax), CoinW, CoinEx, EXMO, Nominex, CoinCatch, BlueMove, Suiswap, Huobi, Bitstamp, Upbit, Poloniex, BTCMarkets, Paribu, SafeTrade

Overview

Sui is a layer-1 blockchain that aims to optimize low-latency blockchain transfers. Its primary focus is on instant transaction finality and high-speed transaction throughput. This makes Sui a suitable platform for on-chain use cases such as games, finance, and other real-time applications.

Sui achieves horizontal scaling through a process called "transaction parallelization." This allows for parallel agreement across different, independent types of transactions. Transactions that are independent of one another are validated by Sui nodes using a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.

Smart Contracts and Programming Language

Sui's smart contracts are written in Move, a programming language based on Rust. Move prioritizes fast and secure transaction executions, making it well-suited for the high-speed transaction requirements of Sui's blockchain.

NEAR Protocol

• Symbol: NEAR
• Name: NEAR Protocol
• Market Cap Rank: 42
• Price Change Percentage (30d): -21.99197%
• Website: https://near.org/
• Listed Exchange: MEXC, DigiFinex, Binance, Bitget, OKX, Gate.io, BitMart, KuCoin, BTSE, Bybit, Phemex, Coinbase Exchange, Crypto.com Exchange, BingX, Bitfinex, WhiteBIT, Kraken, Cetus, AscendEX (BitMax), CoinW, CoinEx, EXMO, Nominex, CoinCatch, BlueMove, Suiswap, Huobi, Bitstamp, Upbit, Poloniex, BTCMarkets, Paribu, SafeTrade, Orderly Network, CoinTR Pro, CoinTiger, XT.COM, Biconomy, Deepcoin, PointPay, Dex-Trade, Bitrue, LBank, Bitvavo, Bitkub, Bitazza, LATOKEN, Trubit, Toobit, QMall, DIFX, LocalTrade, FameEX, Dcoin, Bitso, Biswap, Cryptology, ApeSwap, Bitunix, HitBTC, FMFW.io, Coinmetro, TokoCrypto, Bytex, Tokenize, Pionex, WOO X, BYDFi, Bit2Me, Icrypex, BIT, Bibox

Overview

NEAR Protocol is a smart contract platform that operates as a layer-1 blockchain. It provides an ecosystem for building decentralized applications (dApps). NEAR Protocol aims to offer scalability, low transaction costs, and usability to attract developers and users to its platform.

Smart Contracts and Programming Language

NEAR Protocol supports smart contracts through a custom programming language. This language allows developers to write code for dApps, defining the behavior of contracts and interactions with the blockchain.

Comparison

Market Cap and Price Performance

As of now, NEAR Protocol has a higher market cap rank compared to Sui. However, Sui has experienced a significant 30-day price change percentage of 95%, while NEAR Protocol has seen a decrease of -21.99197% during the same period.

Transaction Speed and Throughput

Both Sui and NEAR Protocol focus on providing high-speed transactions. Sui achieves this through its low-latency blockchain transfers and instant transaction finality. NEAR Protocol aims to offer scalability and low transaction costs, which can contribute to faster transaction speeds.

Smart Contract and Programming Language

Sui uses Move, a Rust-based programming language, for its smart contracts. Move prioritizes fast and secure transaction executions, making it suitable for real-time applications. NEAR Protocol has its own custom programming language for smart contracts, allowing developers to define contract behavior and interactions.

Conclusion

Both Sui and NEAR Protocol have their strengths in terms of transaction speed and smart contract capabilities. However, the choice between them ultimately depends on individual preferences and the specific requirements of the project or application.

Investors should consider factors such as market cap, price performance, and the overall ecosystem surrounding each blockchain. Additionally, developers should evaluate the programming languages and development tools offered by each platform to determine which one aligns better with their project goals and requirements.

It is always recommended to conduct thorough research and seek professional advice before making any investment decisions or choosing a blockchain platform for development purposes.