Layer 1 Blockchain Network Sui Tests Peak Throughput

04/28/2023 00:29 • Crypto & Markets • 60 views

According to reports, Layer 1 blockchain network Sui stated that it conducted a series of tests to determine the current peak throughput and completion time of various workloads. The current Sui testing network has 100 globally distributed validators, achieving peak throughput from 10871 TPS to 297000 TPS on various workloads. The final determination time for Sui is approximately 480 milliseconds. Afterwards, Sui will optimize the scalability and coverage of benchmark testing tools, as well as horizontal scalability to support internal expansion of validators across multiple machines.

Sui: The testing network currently has 100 globally distributed validators with TPSs of nearly 300000

Blockchain technology has been growing in popularity over the last couple of years, and it has become an integral part of our digital lives. The technology, which is essentially a decentralized digital ledger that records transactions between parties, has found its way into various sectors, ranging from finance to agriculture, healthcare, digital identity verification, and more. In this article, we’ll be focused on Sui, a layer 1 blockchain network that recently conducted a series of tests to determine the current peak throughput and completion time of various workloads.

What is Sui?

Sui is a layer 1 blockchain network that boasts of being the fastest, greenest, and most scalable blockchain in the world. The network is built on Rust-based Substrate framework and uses the Proof of Stake (PoS) consensus algorithm. Sui’s goal is to make it easy for developers to build blockchain applications by providing a high-performance infrastructure that rivals traditional financial systems.

Sui’s Testing Network

According to reports, the Sui testing network has 100 globally distributed validators, achieving peak throughput from 10871 TPS to 297000 TPS on various workloads. The final determination time for Sui is approximately 480 milliseconds. These results are impressive and show that Sui is living up to its billing as the fastest blockchain network in the world.

Sui’s Optimization Efforts

After conducting the tests, the Sui team plans to optimize the scalability and coverage of benchmark testing tools to further enhance the network’s performance. They also plan to work on horizontal scalability, which will enable the network to support the internal expansion of validators across multiple machines. This will help to improve the reliability and performance of the network and make it more competitive with traditional financial systems.

Conclusion

Sui’s recent tests highlight the impressive performance of the layer 1 blockchain network. With its fast and scalable infrastructure, Sui can provide developers with a reliable, high-performance blockchain network to build applications on. As the network continues to optimize its scalability and coverage, it will undoubtedly become even more competitive in the blockchain space.

FAQs

What is a layer 1 blockchain network?

A layer 1 blockchain network is a blockchain that operates as the base layer of a blockchain ecosystem. It serves as the foundation upon which other blockchain layers, such as smart contracts, are built.

How does Sui compare to other blockchain networks?

Sui compares favorably to other blockchain networks in terms of speed, scalability, and reliability. It is the fastest blockchain network in the world and is built on a high-performance infrastructure that rivals traditional financial systems.

What is the Proof of Stake (PoS) consensus algorithm?

The Proof of Stake (PoS) consensus algorithm is a consensus algorithm used by some blockchain networks to validate transactions. PoS uses validators to secure the network, and these validators must have a stake in the network’s native cryptocurrency to participate in the validation process.

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