https://coinmarketcap.com/academy/article/what-is-sui-the-u…
https://coinmarketcap.com/academy/article/what-is-sui-the-ultimate-guide-to-the-sui-ecosystem
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CoinMarketCap takes a deep dive into Sui — a new, horizontally scalable layer-one chain, built on the Move language, promising revolutionary transaction speeds at low cost.
This piece was written with input from the Mysten Labs team.
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What Is Sui?
The Mysten Labs Team, Investors and Roadmap
The Sui team consists of Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis and Kostas Chalkias, five ex-Meta engineers who previously worked in the Novi division. They started up Mysten Labs to build and develop Sui.
How Does Sui Work?
Sui differs from other blockchains by employing a different consensus and transaction processing mechanism. Traditional blockchain validators sequentially add transactions to the blockchain, thus adding new records to the chain sequentially and limiting the scalability of a blockchain to increase the speed of the said incremental additions (vertical scaling).
Sui takes a different approach. Since many transactions naturally are not causally related to each other, Sui does away with having each transaction validated by all nodes in the network. Instead, it takes a look only at the relevant piece of data instead of validating the entire chain. In order to accomplish this efficiently, Sui uses an object-centric model, where the chain data storage is not centered around accounts but around objects. This novel type of data storage allows Sui nodes to validate uncorrelated transaction flows independently and individually, instead of having to order all transactions like in the traditional blockchain model.
The transaction broadcasting and validation on Sui looks as follows:
2. Validators check the transaction for validity and send their weighted votes based on their stake.
3. The sender coll…