As a seasoned analyst with years of experience in the dynamic world of blockchain and cryptocurrencies, I find myself intrigued by the recent developments surrounding SUI, a promising Layer 1 network. The integration of SCION for network validators is indeed an innovative step, and one that seems to have caught the attention of industry heavyweights like Charles Hoskinson, the founder of Cardano.
Currently garnering attention is the Layer 1 blockchain network, SUI. Recently, Sui made history by activating a secure substitute for the Border Gateway Protocol, an achievement facilitated by the incorporation of SCION into its network validators. This development has piqued the interest of a well-known figure in the crypto world, Charles Hoskinson, founder of Cardano.
Hoskinson’s praise sparks excitement
It seems that the creator of Cardano has been observing the development path of Sui within the cryptocurrency realm. On platform X, Hoskinson publicly endorsed the Sui blockchain, which garnered approval from his supporters.
In a post, it was mentioned: “Learning more on the topic of Sui. It’s wonderful to witness George’s efforts bearing fruit. They truly merit tremendous success in their field.
Delving into the topic of Sui, it’s heartening to witness George’s efforts manifesting. Their accomplishments certainly seem destined for remarkable success in the field.
— Charles Hoskinson (@IOHK_Charles) October 4, 2024
The Cardano founder’s post recognizes the efforts of the Sui development team in just over a year since its launch. Hoskinson seems aware of the work needed to achieve this and acknowledges Sui’s contribution to the blockchain ecosystem.
Among Hoskinson’s supporters on platform X, there’s been a lot of praise for the Sui blockchain too. One user, HtownCryptoD₳D (@htowncryptodad), playfully hinted at Cardano’s founder that Sui might become a potential collaborator in the future. This suggestion is consistent with an earlier proposition made to the Algorand protocol as well.
Overall, there was praise for Sui’s technology in the crypto space.
Growing interest in Sui Network
Significantly, the SCION technology is being tested on Sui’s network, with the goal of addressing security issues that are not addressed by the Border Gateway Protocol. It is thought that SCION could reduce the frequent occurrences of malicious entities redirecting traffic to their infrastructure, thus preventing unscrupulous network hijacks.
A graph posted by Sui Network demonstrates the increasing enthusiasm surrounding the blockchain, with a noticeable surge in interest observed after the first eleven months.
The heightened interest in this topic saw a significant growth in September, reaching its zenith when SCION was revealed, as Hoskinson’s post corroborates.
Read More
- SOL PREDICTION. SOL cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- TON PREDICTION. TON cryptocurrency
- USD ZAR PREDICTION
- USD PHP PREDICTION
- Top gainers and losers
- ENA PREDICTION. ENA cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
2024-10-05 19:16