Sui and Manta Network are nascent blockchain technologies striving to overcome prevalent challenges like scalability and security within the blockchain domain. Despite sharing a common objective, their methodologies distinctly diverge.
A significant distinction between Sui and Manta lies in their approach: Sui emphasizes scalability through concurrent transaction processing, whereas Manta Network focuses on preserving transaction confidentiality. Additionally, Sui operates as a primary layer1 blockchain, contrasting with Manta’s foundation on pre-existing blockchains such as Ethereum and Polkadot.
This article is an informative guide detailing six fundamental contrasts for those intrigued by the nuances between Sui and Manta.
Sui vs Manta: 6 Key Differences
A crucial divergence between Sui and Manta lies in their choice of consensus mechanisms. The Sui network adopts a delegated Proof-of-Stake (DPoS) framework for transaction validation, whereas the Manta Network utilizes zk-SNARKs technology.
In the Sui network, validators contribute and stake SUI tokens to maintain network integrity, akin to the Proof-of-Stake (PoS) model seen in established blockchains like Ethereum. Conversely, Manta Network capitalizes on ZK-proof technology for transaction validation.
Sui introduces a unique Layer1 blockchain structure, accentuating scalability and robust security measures. Its distinctive feature, “parallel transaction execution,” allows simultaneous processing of multiple transactions, enhancing network performance.
In contrast, Manta Network presents a modular blockchain architecture, incorporating two distinct networks: Manta Pacific, a layer2 solution built atop the Ethereum blockchain, and Manta Atlantic, a layer1 solution on the Polkadot blockchain.
Decentralization is another aspect where Sui and Manta differ; Sui exhibits a higher degree of decentralization, whereas Manta’s reliance on ZK-SNARK technology introduces certain centralized elements.
Functionality and Privacy
Sui’s blockchain is engineered to address scalability bottlenecks, achieving impressive transaction throughput and immediate finality. Its capability to process up to 120,000 transactions per second (TPS) during trials without compromising security marks a significant milestone.
Manta Network prioritizes transactional privacy and computational confidentiality. It uses ZK-proof technology to conduct transaction verification off-chain, thereby enhancing scalability and concealing transaction specifics to ensure privacy. Beyond transaction validation, Manta Network facilitates off-chain smart contract execution, reducing storage and computational demands.
Sui utilizes the innovative “Move” programming language, a fresh addition to the blockchain sector, introduced by the Sui development team during previous blockchain ventures. Move addresses numerous shortcomings of traditional programming languages like Solidity, fostering enhanced throughput and finality.
Manta Pacific, designed as a layer2 blockchain on Ethereum, operates on the Solidity language, ensuring compatibility with the Ethereum Virtual Machine (EVM).
Tokens Supply and Market Capitalization
Sui and Manta Network exhibit distinct tokenomics. Sui’s native cryptocurrency is SUI, with a total supply of 10 billion, whereas Manta Network’s token, MANTA, has a supply of 1 billion.
At press time, SUI traded at $1.424, with a market capitalization surpassing $1.3 billion, per CoinStats. Concurrently, MANTA traded at $3.72, with a market capitalization of $741 million. Despite a lower unit price, SUI’s market capitalization exceeds MANTA’s.
Developer Team and Launch
Mysten Labs spearheads the development of the Sui blockchain, comprising distinguished figures and principal architects from Meta, previously engaged with the Diem crypto project. Sui’s Layer1 blockchain was introduced in 2022, with its mainnet becoming operational on May 03, 2023.
A seasoned team of founders and professionals from esteemed institutions like Harvard, MIT, and the Algorand Foundation creates the Manta Network. Manta Pacific was unveiled in September 2023, while Manta Atlantic debuted in April 2023.
Though both Sui and Manta are dedicated to enhancing scalability and transaction throughput, their methodologies diverge. Sui employs the DPoS consensus mechanism, whereas Manta is grounded in ZK-SNARK technology. Sui is optimal for on-chain transactions and smart contract execution, while Manta excels in minimizing computational and storage requirements.
As both blockchains continue to evolve, their future impact on the crypto landscape remains to be seen.
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