Sui: The promising blockchain with the potential to lose weight from Ethereum - but the future of the smart contracts remains uncertain?

Veröffentlicht:

Von:

SUI: A promising blockchain for Smart Contracts

In the world of blockchain technology, a lot is currently being talked about the potential of SUI (SUI). The fund administrator Grayscale emphasizes that SUI is best positioned in order to remove market shares. This Smart Contract blockchain offers functionalities similar to Ethereum, but with crucial advantages.

Advantages of SUI to Ethereum

An essential difference between Sui and Ethereum is the transaction capacity and the costs. SUI enables a high number of transactions at low costs and does not depend on layer-2 blockchains, which it takes off from Ethereum. This could make you an attractive alternative in a competitive market.

The current status of Sui

Despite the potential of SUI, it should be noted that the blockchain is currently still relatively small. According to Grayscale, SUI only makes up for about 0.3 % of all Smart Contract platforms. At the time of reporting, the overall market capitalization of SUI was $ 8.48 billion, while Ethereum has $ 242.9 billion.

The growth of SUI is described as impressive, but the question remains to what extent this has been sustainably concluded. Numerous celebrities in the crypto industry rate the project as promising, which could indicate both well -founded opinions and possible financial interests.

The future of smart contracts

The discussion about the future of smart contracts remains exciting. Ethereum has existed for almost a decade, but a big breakthrough for the technology has so far been pending. So far there are no applications that are used successfully on a large scale.

An interesting concept in this context are real World Assets, in which traditional financial instruments such as government bonds are to be transferred to the blockchain. However, it remains to be clarified whether this would actually lead to an improvement. Questions such as the higher transaction costs and potential problems with simultaneous sales are of central importance.

Overall, it remains to be seen whether SUI and similar platforms will actually be able to challenge Ethereum's dominance in the Smart Contract world and which applications will prevail in the future.