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Sui's Innovative Features

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September 23, 2024

Sui's Innovative Features

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For details, see https://x.com/NAK2AI/status/1837005810716791075

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Crypto MARGO

September 23, 2024
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  1. Sui's Overwhelming Processing Speed: Comparison with Competitors Transaction processing speed:

    Up to 120,000 TPS (transactions per second) Approximately 8,000 times faster than Ethereum and 4 times faster than Solana Technical basis: Parallel execution engine and Byzantine Fault Tolerance consensus Example: Enables 1 million order processing per second in NFT marketplaces Competitive Comparison: Sui boasts overwhelming processing speed compared to existing major blockchains. This suggests that Sui has an advantage in large-scale dApps and use cases that require high-frequency trading. 2
  2. High Scalability through Parallel Processing: Meeting Future Demands Adopts Object

    Carrying Transaction (OCT) model Processes transactions between independent objects concurrently Sharding technology allows automatic scaling up depending on network load Benchmark: Updates 100,000 independent smart contracts within 1 second Future Prospects: Sui's scalability means it can accommodate future increases in transaction volume. This suggests the long-term growth of the Sui network and an increase in token value. 3
  3. Ultra-Low Gas Fees: Attractive to Users and Developers Average gas

    fee: //$ 0.00001 per transaction Approximately 1/10,000th the cost of Ethereum Technical basis: i. Efficient gas calculation algorithm ii. Resource-oriented programming model iii. Dynamic fee adjustment mechanism Example: 200 million transactions are possible with 1 ETH (approximately //$2,000) Benefits: Low gas fees lead to reduced usage costs for users and easier dApps development for developers. This is a crucial factor in promoting the activation of the Sui ecosystem. 4
  4. Enhanced Security with Move Language: Investor Protection Perspective Adopts a

    resource-oriented programming paradigm Reduces smart contract vulnerabilities by 90% (Certik audit results) Main features: i. Secure management of digital assets through a linear type system ii. Automatic bug detection with formal verification tools iii. Modular design for code reusability and security enhancement Example: Prevents large-scale hacks like The DAO incident, which resulted in a //$50 million loss Investor Protection: The high security of the Move language leads to reduced risk for investors. The low risk of loss due to hacking and bugs makes investing in Sui more attractive. 5
  5. Implementation of Dynamic NFTs: New Use Cases Real-time updating of

    NFT attributes through an object-centric model Implementation method: i. Define NFTs as Move objects ii. Design attributes as mutable fields iii. Dynamically change attributes during transaction execution Use Cases: Immediately reflect in-game character growth and equipment enhancements in NFTs Performance: Can update 100,000 NFT attributes simultaneously per second Future Potential: Dynamic NFTs have the potential to create new use cases in various fields such as gaming, metaverse, and supply chain. This will be a key factor supporting Sui's long-term growth. 6
  6. Technology for Achieving Instant Finality: Enhanced User Experience Transaction confirmation

    time: Average 2-3 seconds Technical basis: i. Adoption of the Narwhal consensus engine ii. Fast consensus formation with the Bullshark consensus protocol iii. DAG-based transaction structure Benchmark: 99.9% of transactions are finalized within 3 seconds in a 100-node network User Benefits: Instant finality provides a smooth transaction experience for users. This will be a factor in promoting the increase of Sui users. 7
  7. Efficient Storage Management Architecture: Long-Term Operating Cost Reduction Adopts an

    object-based storage model Main features: i. Content-addressable storage (CAS) ii. Guarantee of data integrity through Merkle accumulator iii. Efficient garbage collection mechanism Performance: Can read and write 1 million objects per second Storage efficiency: 60% storage reduction compared to conventional blockchains Cost Benefits: Efficient storage management contributes to reducing the operating costs of the Sui network. This will enhance the long-term sustainability of Sui. 8
  8. Cross-Chain Interoperability Mechanism: Potential for Ecosystem Expansion Direct interoperability with

    Ethereum, Binance Smart Chain, etc. Technical implementation: i. Adoption of the IBC (Inter-Blockchain Communication) protocol ii. Development of cross-chain bridge contracts iii. Security ensured through state proofs and signature verification Performance: Asset transfers between different chains are completed in an average of 5 seconds Example: Ethereum NFTs can be moved to Sui and traded within 10 seconds Ecosystem Expansion: Interoperability with other blockchains will greatly contribute to the expansion of the Sui ecosystem. The influx of users and assets from different chains will accelerate Sui's growth. 9
  9. Advanced Toolset for Developers: Promoting dApps Development Reduced development time

    with Sui SDK: Average 40% reduction Major components: i. Sui Move framework ii. TypeScript-based client SDK iii. GraphQL-based query engine iv. CI/CD pipeline integration tools Abundant templates and libraries: 500+ ready-made components Development example: A 10-person team built a DeFi DEX protocol in 6 weeks Developer Benefits: Advanced toolsets make dApps development easier for developers. This increases the likelihood of attractive dApps being built on Sui and the ecosystem flourishing. 10
  10. Detailed Explanation of Innovative Consensus Mechanism: Technological Advantage Unique Narwhal

    & Bullshark protocol employing Byzantine Fault Tolerance Main features: i. High availability through leaderless design ii. High throughput with DAG-based memory pool iii. Low latency with probabilistic finality Performance: Consensus formation within 0.5 seconds with 1000 validator nodes Security: Maintains resistance with up to 33% malicious nodes Technological Advantage: Sui's consensus mechanism achieves both high performance and security compared to other blockchains. This is a key factor demonstrating Sui's technological advantage. 11
  11. Rapid Ecosystem Growth Data: Expectations for the Future Number of

    dApps in 2023: 500% year-on-year increase (2,500+ dApps) Total Value Locked (TVL): Exceeded //$1 billion Growth rate by major sectors: i. DeFi: 700% increase (daily trading volume of //$500 million) ii. GameFi: 400% increase (monthly active users of 5 million) iii. NFT: 300% increase (monthly trading volume of 1 million items) Developer community: 50,000+ active developers Growth Potential: The rapid growth of the ecosystem indicates high expectations for Sui's future. An increase in dApps and users will lead to an increase in the value of the entire network. 12
  12. Sui Token: The Foundation of the Ecosystem Use Cases: Payment

    of gas fees Network participation and reward earning through staking Participation in governance (voting on SIPs) Issuance: 10 billion SUI Distribution Method: Airdrops to early supporters, development team, and community Staking rewards Funding for ecosystem development by the foundation 13
  13. Sui Token: The Foundation of the Ecosystem Inflation Rate: Maximum

    10% per year (adjustable by governance) Staking Rewards: Annual interest rate of 5-10% (subject to change) Investor Benefits: The value of the Sui token is expected to increase as the Sui ecosystem grows and develops. Token holders have various benefits, such as staking rewards and the right to participate in governance. 14
  14. Details of the Innovative Governance Model: Community-Led Decision-Making On-chain governance:

    Average 7 days from proposal to implementation Governance process: i. Submission of SIP (Sui Improvement Proposal) ii. Community discussion (72 hours) iii. Voting period (48 hours) iv. Automatic execution mechanism 15
  15. Details of the Innovative Governance Model: Community-Led Decision-Making Vote weighting

    calculation: Quadratic function model considering stake amount and time Achievements: An average of 20 important proposals are adopted and implemented monthly Power of the Community: Sui's governance model promotes community-led decision-making. This will lead to the sound development of the Sui network and benefit token holders. 16
  16. Environmental Considerations and Sustainability: Long- Term Perspective Energy consumption: Approximately

    1/1000th that of Ethereum Technical basis: i. Adoption of Proof-of-Stake consensus ii. Efficient use of hardware resources iii. Use of green data centers Carbon offset: Contributes to reducing 100,000 tons of CO2 annually Sustainability indicators: CCRI (Crypto Climate Accord) certification acquired Social Responsibility: Environmental considerations not only enhance Sui's long- term sustainability but are also important in fulfilling social responsibility. 17
  17. Practical Use Cases and Implementation Examples: Demonstrating Growth Potential 1.

    Gaming: Operating the MMORPG "Eternal Realm" with 1 million concurrent connections on Sui Real-time NFT trading: 100,000 transactions per second processing 2. DeFi: Decentralized derivatives exchange "SuiSwap" that supports high-frequency trading 50,000 order matches per second 3. Metaverse: Virtual real estate platform "MetaVille" utilizing dynamic NFTs Real-time price updates and transactions for 10 million plots Practicality: Concrete use cases and implementation examples show that Sui's technology is in the practical stage and can be utilized in various fields. This is important evidence supporting Sui's growth potential. 18
  18. Sui's Vision for 2025: Large-Scale Adoption 1. Achieve 100 million

    daily active users Popularization of mobile wallets: Integration with existing financial apps 2. Standardization of enterprise blockchain solutions 30% of Fortune 500 companies adopt Sui-based private chains 3. Establishment as the core of Web3.0 infrastructure Sui network handles 5% of all internet traffic Future Prospects: Sui aims for large-scale adoption and to become the core of Web3.0. If this vision is realized, the value of the Sui token could increase dramatically. 19
  19. Investing in Sui: Risks and Challenges Technical Challenges: Still in

    the early stages of development, unexpected bugs and vulnerabilities may be discovered. Technical challenges remain, such as scalability limits and network stability. Regulatory Risks: Possibility of regulatory tightening by regulatory authorities in each country. May be affected by regulatory trends in the overall cryptocurrency market. Competition with Competitors: Competition with other blockchain platforms is intensifying. Strong competitors exist, such as Ethereum, Solana, and Aptos. 20
  20. Comparison with Major Blockchains Feature Sui Ethereum Solana Aptos Consensus

    Narwhal & Bullshark (PoS) Proof of Stake (PoS) Proof of Stake (PoS) Proof of Stake (PoS) TPS Up to 120,000 15-45 2,000-4,000 160,000 Gas Fee/Dollar 0.00001 1-10 0.00025 0.01 Smart Contract Language Move Solidity Rust, C++ Move Parallel Hi h d Hi h d 21
  21. Conclusion: Sui's Innovation and Future Prospects Overwhelming processing speed (120,000

    TPS) and low cost (//$ 0.00001/tx) High security (Move language) and flexibility (dynamic NFTs) Ideal platform for developers and users (rich toolset) Environmentally friendly and sustainable blockchain (99.9% improvement in energy efficiency) Rapidly growing ecosystem and clear vision Investment Decision: Sui is an innovative blockchain platform with the potential to drive the future of Web3.0. However, you should fully understand the risks and challenges before investing. Disclaimer: This document is for informational purposes only and does not constitute investment advice. Please make your own investment decisions at your own risk. 22