Sui Blockchain Overview
Type: Layer-1 blockchain designed for high scalability, low latency, and parallel transaction processing.
Purpose: Built to support decentralized applications (dApps) with a focus on speed, low-cost transactions, and developer-friendly infrastructure.
Consensus Mechanism: Uses a variant of Delegated Proof-of-Stake (DPoS) with Narwhal and Tusk for transaction processing and consensus, enabling high throughput (up to 297,000 TPS in tests).
Key Features:
Object-Centric Data Model: Assets are represented as programmable objects, allowing flexible and complex smart contract interactions.
Parallel Execution: Processes independent transactions simultaneously, reducing congestion and improving scalability.
Move Programming Language: Uses a Rust-based language (originally from Diem/Libra) for secure and efficient smart contract development.
Horizontal Scaling: Validators can scale by adding more resources, maintaining performance as network demand grows.