Public chain topics never get old, alternative reviews of Diem's branch teams Aptos and Sui

During the recent bear market, "emerging public blockchains" remain an investment topic that never gets boring.

In the recent bear market, "emerging public chains" remain an investment topic that is never boring.

Chinese cryptocurrency writer Soros 0xSoros discussed the formation of several public chain projects such as Aptos and Sui by the former Diem Libra team after parting ways, sparking discussions in the Chinese cryptocurrency community.

He mentioned that making money may not be a good enough reason to invest in public chains. Once the public chain model is understood, some may find it boring and start to question its value. Focusing on public chain projects valued at 30-50 billion U.S. dollars is seen as a waste of life. Note: Aptos is valued at 20 billion U.S. dollars

He believes that the public chain model was already clear in 2018, focusing on the trade-off between transactions per second (TPS) and consensus mechanisms. While DeFi has become essential for public chain competition after 2021, the basic model remains unchanged, with upgrades occurring in each cycle. The new round of public chain ecosystems must explore more possibilities beyond DeFi and NFTs.

He questioned, is the Move language used by Diem superior to Rust or Solidity? Is the DAG/PBFT consensus mechanism better than PoW? He believes that pursuing better technological ideas can lead to great innovations or massive scams, which are driving forces for industry progress.

Regarding "better public chains," he thinks this topic has always been like "The Emperor's New Clothes" game, where capital adapts to the times, constantly innovating. People make demands on the market, and the market responds accordingly.

"We are creatures who love stories," he said. Public chains are an eternal theme in the cryptocurrency community.

Amber Group analyst Lao Bai also commented on this trend, stating in a tweet that both Aptos and Sui, founded by the Diem team, use the new Move language and claim to have over 100,000 TPS. They are supported by prominent investors such as a16z and Coinbase Ventures, with a valuation of 20 billion, highlighting parallel processing. However, he believes that the innovation of these chains is far behind Solana. At least Solana has unique innovations in consensus mechanisms and dissemination mechanisms, achieving high TPS without sharding. The high valuations of Aptos and Sui may not leave much room for performance in the secondary market.

Lao Bai believes that regardless, under the influence of various media, Aptos and Sui seem to have the aura of the next bull market like Solana, and from a speculative perspective, they cannot be ignored.

In fact, the existing Flow blockchain uses a language with a similar orientation to Move: