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In today’s video, I’m going to be sharing with you a new Altcoin that is not gone mainstream yet, and the best part is, this crypto isn’t even in the market, giving you the chance to be one of the first to get in.
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00:00 The next 50-100X Altcoin gem is launching soon
00:50 What is this new Altcoin?
02:35 Team & Community
04:20 Join the class & VIP group
04:57 Earning staking rewards
05:25 Where to buy this coin?
05:46 Price prediction
06:19 Join the class & VIP group
06:45 Learn for free
So, what is this next 50-100X Altcoin gem that is launching soon?
Sui is a low-latency, high-throughput layer-1 chain. Its instant transaction finality makes Sui a prime candidate for on-chain use cases like DeFi and GameFi. The blockchain is programmed in Rust, a programming language with a focus on fast and secure transaction executions. Rust is also the programming language of Solana, another high-speed blockchain.
Sui’s declared goal is to “cater to the next billion users in web3” by offering decentralized application (Dapp) deployment with a superior smart contract architecture compared to rival chains like Ethereum. The blockchain utilizes a process called “transaction parallelization” to achieve that, which allows transaction processing in “parallel agreement.” This “horizontal scaling,” as Sui dubs it, leads to better data organization in the byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism.
Sui was founded by a team of ex-Meta engineers: Evan Cheng; Adeniyi Abiodun; Sam Blackshear; George Danezis; Kostas Chalkias.
Before founding Mysten Labs, the company behind the Sui blockchain, the group of five worked in the Novi division. Mysten Labs secured backing from high-profile crypto VC funds like a16z, which invested $36 million in a Series A raise in December 2021. Another $300 million Series B announcement followed, putting the company valuation at $2 billion.
Sui aims to overtake other layer-one blockchains by employing a different consensus and transaction processing mechanism. Instead of focusing on vertical scaling, Sui aims to immediately scale horizontally, which is to lead to the promised high throughput that distinguishes the blockchain.
Sui recognizes that many transactions have no relationship with each other. Instead of having each node validate each and every transaction, nodes only look at pieces of data relevant to them.
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Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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