Aptos And Sui: Emerging Blockchains & How They Impact The Market
Aptos & Sui Ecosystems: A Snapshot Comparison
Before we go ahead with a detailed review of each, let’s get ourselves a quick overview of the Aptos and Sui blockchain solutions.
Let's take a quick look at the main features of both ecosystems to better understand the similarities and differences between the Aptos and Sui blockchains.
So now let’s review the specifics of each ecosystem in detail.
Sui Ecosystem: A Complete Overview
Sui’s the first permissionless Layer 1 blockchain solution designed to develop and create different levels of experience to bring innovative crypto solutions for billions of users. One of Sui's most notable features is its horizontal scalability. This enables low-cost and efficient dApp development.
Overall, Sui's architecture is known for instant execution and high throughput, and a rich Web3 experience.
How Does Sui Work?
Unlike some alternatives, Sui happens to offer low latency as transactions can be executed in parallel. Finally, Move-based smart contract support benefits security, scalability, and a more understandable programming model.
The Architecture Of Sui Blockchain
According to Sui's architecture document, the ecosystem consists of three main components:
- Programmable Objects - created and managed by smart contracts in Move.
- Transactions - records any changes or updates within Sui’s ecosystem.
- Validators - basically, the backbone of Sui’s network.
Additionally, the Sui ecosystem features the Sui consensus engine with Narwhal and Bullshark solutions.
The Sui ecosystem is based on the Rust-based, Move programming language, a specific open-source bytecode language primarily used for developing customizable transactions and smart contracts. Additionally, the language is highly regarded for its higher level of security and smooth transition from Web 2.0 to Web 3.0.
Basic Features Of The Sui Ecosystem
When talking about the capabilities of the Sui blockchain, it is worth mentioning the following aspects:
- Increased productivity and reduced wait times. Sui can handle 120,000 TPS.
- Parallel execution. Sui supports parallel agreements for causally separate transactions.
- Horizontal scalability. The network can also scale horizontally with parallel agreement on causally independent transactions.
- Various participation opportunities. Sui has three participant categories: Users, Token Owners, and Validators, providing a wider range of transaction-based actions.
- Profitable bonuses and loyalty programs. Set up massive airdrops and reach millions of cryptocurrency users through low-cost transactions.
Possible Drawbacks To Consider
Knowing Sui's potential shortcomings will help you research and prepare for the major pitfalls that may arise during the development process. Overall, there are three aspects to consider:
- Design complexity. Sui's design is based on Byzantine consistent broadcasting and a consensus protocol. Developers hence need a much larger code base for programming.
- Sequential Writing. This improves transaction speed, but a Sui user can only submit one transaction at a time.
- Complex total queries. In Sui, the overall order of transactions is not always established, so overall queries can be more difficult than traditional blockchain solutions.
Aptos Ecosystem: A Complete Overview
Like Sui, Aptos in the L-1 ecosystem is based on the Move language, ensuring low latency and zero downtime for block commitments. It's also worth noting that Move was originally built to support the Aptos blockchain, offering superior security, predictability, and interoperability.
How Does Aptos Work?
At the time of writing, Aptos offers very high TPS performance, theoretically reaching up to 160,000 transactions without sacrificing security or reliability. The parallel execution model reduces transaction latency and cost, increasing speed.
Additionally, Aptos leverages the Byzantine Fault Tolerant (BFT) engine. This is used to analyze each state in the chain and automatically update the validators as needed.
The Architecture Of Aptos Blockchain
The Aptos architecture has been developed over the past three years and includes many facets of a variety of innovative technologies and novel solutions. First, blockchain features robust smart contract design, advanced system security, performance, and decentralization.
In addition, Aptos' unique feature is the ability to leverage two of his protocols, Proof-of-Stake and AptosBFT. AptosBFT is a Byzantine fault-tolerant protocol that can continue to operate normally even if some members are malicious or go offline without network access. This is human intervention. Finally, its architecture allows for private key recovery, which can be changed regularly to make it more secure.
The programming language of Aptos software is Move, the same language used as the foundation of the Sui ecosystem. One of the most important benefits is that transactions can be executed faster and with better security.
Basic Features Of The Aptos Ecosystem
Let's look at some of the features of this blockchain solution:
- Data model. Aptos' data model allows for flexible key management and hybrid retention options.
- High transaction execution speed. The developer claims that the Aptos network will process 130,000 to 160,000 TPS, resulting in lower transaction costs for users.
- Scalability and decentralization. Aptos favors highly heterogeneous validators (limited CPU and/or memory).
- Parallel Execution Engine. Like Sui, this feature allows simultaneous execution of multiple transactions, which reduces the risks of delays.
Possible Drawbacks To Consider
Besides the advantages, it is also important to consider the possible disadvantages of Aptos. Overall, these include the following aspects:
- Time-consuming deployment. The most confusing aspect here are the tricky compiler and devnet error responses that are very hard to manage.
- Tricky setup process. Sometimes it's more difficult to set up the system than the code. Also, it may take some time to get used to the peculiarities of the language and environment.
How Do These Blockchains Impact The DeFi Market?
Today, both Aptos and Sui's blockchain solutions have successfully raised significant amounts of funding in less than two years post their official release. Given that these ecosystems share many similarities, it is arguably difficult to determine which will be more successful in the emerging decentralized financial markets.
Sui currently targets three killer apps: finance, digital commerce, and gaming. In particular, some South Korean gaming giants have implemented this blockchain in their projects to create gaming apps with a token economy.
The Aptos blockchain is currently using their tokens to process transaction fees on the network, allowing network users to select and vote on delegates to justify blocks using a Delegated Proof of Stake (DPoS) mechanism. Like Sui, Aptos can also be applied to on-chain community governance.
A key point of Aptos in the DeFi market is the ability to build various technical solutions on top of the blockchain. There are currently over 30 successful implementations in projects. One such example is Aries Markets, an Aptos-based decentralized margin trading protocol.
After enumerating the most notable features of the Sui blockchain and the structural features of the Aptos blockchain, we can summarize that both blockchain ecosystems can be powerful solutions for numerous software development projects. Both blockchains are based on Move, a new smart contract-specific programming language that offers users enhanced security and privacy.
However, it is difficult to understand whether Sui or Aptos tokens perform better. The former offers more room for development, while the other is appreciated for its ever-evolving design.
Blockchain Developer at GlobalVox