This article aims to compare the recent top public blockchains, including Aptos and Sui, which are derived from Facebook, and Statter, which is derived from Google. It will analyze them based on project positioning, background, developing language, mining mechanism, technological highlights, ecology, economic model, and properties. This is to observe the advantages and disadvantages of public blockchain projects and the trend of public blockchain development.
Aptos carries on Libra’s determination, which is to create popular and fair decentralized assets for billions of people in the world. With flexible module structure, it focuses on the reliability, security, and performance of the blockchain. Meanwhile, it is a blockchain that can be popularized in large scale with the web3 technique.
Sui is a blockchain at a Layer 1 zone. It aims to help creators and developers build a web 3 platform that satisfies the demands of billions of users. Sui can be extended horizontally. It supports the development a wide range of apps with incomparable speed and low costs.
Statter is the world’s first public blockchain platform that provides full-service for Metaverse ecology; it aims to serve Metaverse developers, users, creators and build a high-performance and safe Metaverse infrastructure; creators will build self-owned public blockchain with the drag-and-drop technology, which is invented by Statter. They can build DApp like doing a jigsaw game to quickly put the DApp on chain.
Looking from the project positioning, both Aptos and Sui aim to build a public blockchain that functions better. They want to match Ethereum and Solana, respectively. Their purpose is to surpass the leading public blockchains in the industry through technological improvement. However, such innovation can only be done from the technological layer.
In contrast, Statter’s positioning is to be a high-performance public blockchain platform that serves Metaverse. At the business level, it caters to the demands of Metaverse. At the performance level, it aims to surpass current top public blockchains. Its ultimate goal is to gain an competitive edge at both business and performance levels.
From the perspective of positioning, Statter has its own characteristics and goals.
Aptos and Sui’s core teams are all from the digital currency projects of Facebook, which were founded by Mark Zuckerberg. Facebook, which is led by Zuckerberg, used to promote the digital currency Libra (Libra Coin). Due to the objection and oppression of the U.S. government, Zuckerberg had to give up the Libra coin issuance program. As an alternative, he set up Diem Blockchain Association. Members of the association included ten top companies, such as Visa, eBay, and Novi Financial, which was controlled by Facebook. Under pressure from government policies, Zuckerberg sold the Diem project in package in the end.
Diem’s core members set up the Aptos project; and Novi Financial’s core members set up Sui project. Both of them were derived from Facebook projects.
Core members of Statter are from projects of Google, Samsung and Flow. They have rich experience in virtual reality, hardware and blockchain field. Jumping on the bandwagon of Metaverse, the founders gathered members from top companies such as Godman Sachs and Samsung to lay a great foundation for building a top-notch public blockchain
Analysis: 1. Members of Aptos and Sui projects have great strengths and they all from Facebook. However, even though they have genes of Facebook, after ups and downs and changes of hands, those projects have no relationship with Facebook anymore.
To some extent, a project that had setbacks and been sold was not lucky enough. Moreover, the reason why investors bought the projects at high prices, were because they appreciated the competence of the team. Another more important reason was that they wanted to rely on the influence of Facebook to quickly change shell and pack the old project. Through a series of operations such as currency issuance and getting online, they quickly got back their invested capital. If the investor were short-sighted, the values of some projects would be squeezed all out.
Statter project team are from Google, the top company at Silicon Valley. More importantly, they have not met any setbacks. The founder of Statter was Google’s hardware engineer. He quitted Google and established Statter with a smooth running of the business. His goal is simple — to build a bottom-layer public blockchain that can serve Metaverse ecology. All things, including the recruitment of members and financing follow his clear plan and are implemented on schedule.
Looking from the project, experience, and the goals, Statter is purer and its goal is broader than Aptos and Sui.
The Move language was developed to provide a foundation for Libra of Facebook. In spite of the alleged safety, flexibility and easy to use by its developer, Move is rarely used in projects except for Aptos and Sui, and only Aptos officially launched. Hence, in its limited application, Move is challenged in its safety and performance. There were concerns that hackers could transfer users’ assets without authorization on Aptos.
Statter uses a composite language: Java at current and other language could be added. As a traditional programming language of decades of history, Java stands out among other languages and is verified and favored by global developers. In Statter’s initial development, Java is reliable and secure, laying a foundation for Metaverse hardware and miner access in the future.
In conclusion, Aptos and Sui are radical in using their own languages, which is full of risks and uncertainties; statter, on the other hand, is more conservative and reliable in choosing Java.
Aptos adopts POS mining, and a new consensus mechanism is formed through improved BFT (Byzantine fault Tolerance).
Sui uses the dual consensus protocol of Narwhal and Tusk, and POS mining.
Statter utilizes SPoW, a self-developed segmented POW.
POS is the mainstream way of mining, and ETH has shifted from POW to POS, sacrificing decentralization to some extent in order to improve performance, which has also been criticized by some developers. Aptos and Sui adopt POS mining mechanism. The former is the improvement of BFT, while the latter is the combination of DAG and BFT. Both of them are traditional consensus mechanism. There is nothing wrong with it currently, but there is no novelty either.
In spite of the name, Statter’s SPoW is different from POW of BTC. The computing task is segmented and assigned to all the mining pools in the whole network. The miners in the pools perform exhaustive calculation of random numbers. Task segmentation can avoid repeated invalid computations, and greatly improve the efficiency through task parallelization. The SPoW consensus mechanism is fairer in reducing computing power competition to a certain extent, realizing low-carbon household mining, and effectively avoiding the waste of power.
Instead of using traditional mechanisms, Statter develops SPoW, solving the impossible triangle problem on its own, and achieving the balance of performance, security and decentralization.
Aptos: Innovation in key rotation and recovery technology, making wallets more user-friendly. The Aptos network can execute transactions in parallel first instead of in sequence. If a transaction fails during the process, the transaction can be terminated and re-executed or discarded.
Sui: To cope with the explosion of all-node status, users pay a storage fee in addition to the transaction fee. The minimum storage unit of a Sui is called an Object and is defined as an asset. It contains immutable assets, a single asset can only be modified by its specific owner, and a shared asset can be modified by multiple owners. The direct conversion of a single asset is directly confirmed by the client without consensus, and the consensus is invoked only for the conversion of shared assets. That is, Sui “filters” small, unimportant transactions to prevent them from taking up more .
Statter: The drag-and-drop generation of public blockchain is the biggest highlight of Statter. For different application needs, it can select corresponding basic functional modules, components and consensus algorithms according to its own application characteristics, and flexibly match. Through drag-and-drop operation, it can generate public blockchain for its own application like building blocks, making the blockchain development as easy and fast as Token.
In terms of technological innovation, Aptos and Sui mainly improved on payment and data transmission. For example, Aptos could support other tokens other than main network coins to act as Gas. Sui focused on the reduction of Gas costs and predictable innovation. Both of them focused on a certain point in technological innovation.
Statter, creates a new public blockchain based on the componentization of drag-and-drop generation technology in the global scale for the first time, where developers like building blocks easily build a new blockchain. This revolutionary technology will greatly reduce the cost of development, making Statter the king of public blockchain in the Web3 era by mass producing new public blockchains for the industry.
Aptos executes over 100,000 TPS.
Sui executes over 100,000 TPS.
Statter executes over 100,000 TPS.
The official claim of the three blockchains all start at 100,000 TPS, but only Aptos and Sui’s test network have been officially launched. The performance of Aptos was only a single digit TPS at the initial stage of the launch, which is a huge gap between the claim. It remains to be seen whether it can be realized later. In terms of TPS, it seems that parts of the three public blockchains are online, and further verification will be carried out after all of them are online.
Aptos has an initial total supply of 1 billion pieces, with a distribution ratio of 51.02% to communities, 19% to core contributors, 16.5% to foundations, and 13.48% to investors. The burning mechanism has not been disclosed.
Sui has a fixed supply of 10 billion and part of the supply will be released at the launch of the main network, with the remaining tokens allocated as equity incentives in the coming years. No deflation/combustion mechanism
Statter’s token is STT, with a total supply of 1.861 billion coins, which can only be produced by mining. After mining, the specific distribution is as follows: 70% to miners, 7% to mining pools, 10% to ecological construction, 5% to community construction, 5% to protocol laboratories, and 3% to foundations. It is designed to cut 25% of production every 12 months, deflation, collateral, and burning, so that 90% of the token would eventually be destroyed.
Aptos and Sui mainly produced coins through POS, and allocated a part of tokens to investment institutions. Although Aptos gave free airdrops to some early users, the proportion was very small. The total amount of foundation, team and investors and that of community users was 50-50%, which means that tokens were mainly concentrated in project parties. The tokens for Sui were not clear.
Statter’s token allocation is very clear, that is, all mined out, in each block of tokens, 77% to the output of the miners and mining pool, only a cumulative 8% of the tokens divided between the foundation and the team, not to mention private placement and pre-mining. The whole economic model design also includes deflation and destruction; this is a healthy model that allows more room for the token to appreciate.
Aptos: A large number of Dapps have been launched on the main network.
Sui: Some Dapps have been launched on the testnet.
Statter: Ecology has yet to be officially released.
Aptos and Sui have developed more rapidly and released the main network and test network successively, so that they are ahead of Statter in terms of ecology, and the interactive airdrops including Aptos have been released.
However, from the perspective of ecological value, although Aptos has launched a lot of Dapps, they are mostly Dapps of basic tools, including Swap and NFT. The ecological value does not pay off, including the first IDO, Mojito project and the first NFT, all of which are of average performance.
The ecology of Sui is still in the testnet stage, with relatively active interactions.
Statter’s ecosystem isn’t open yet, but based on its announced technological innovations and metaverse business directions, it’s safe to hazard a guess.
As a public blockchain with superior performance in developing Defi or NFTS, mortgages, games, etc., together with higher transmission speed and lower Gas, developers are more likely to choose Statter for Dapp development.
Drag-and-drop technology is the core of Statter highlights, in the future, the threshold of professional developers or ordinary users to develop public blockchains will be significantly reduced, that is, Statter as a public blockchain generation machine, it can mass-produce countless public chains.
Presently, metaverse blockchain products generally lack computing and hardware support. Statter has the dual advantages of technology and blockchain software. In the future, the metaverse products based on Statter are bound to be the most popular VR technology, and will become the example that the industry strives to imitate.