Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

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Altcoins

Cartesi is a Layer 2 infrastructure that facilitates the development of DApps on the blockchain using Linux. Find out more about how it works in this article.

Since the inception of cryptocurrency, software developers have used blockchain-specific programming languages to build a variety of apps on the 

 offers an easier alternative to creating 

 (DApps) on the blockchain using the mainstream language 

This article explores the potential use of Cartesi and explains why the CTSI token is worth investing in.

Cartesi is a decentralized Layer 2 infrastructure that facilitates the development of DApps on the blockchain using the well-known Linux programming environment.

It's also said to be the first operating system on the blockchain because it bridges the gap between mainstream software and 

The infrastructure incorporates both on-chain and off-chain components to solve problems associated with scalability. In addition, its network nodes are blind to the blockchain, which means that Cartesi's DApps-building platform can be used across multiple blockchains.

Since most software developers have some Linux-programming experience, they can code scalable smart contracts on Cartesi with the use of rich software tools and services they are used to. Ultimately, this knowledge transfer will help accelerate the development of 

The project is the brainchild of four aspiring individuals: 

Originally conceived as a trustless artificial intelligence marketplace, it evolved into a blockchain OS when Chief Operating Officer Augusto Teixeira convinced his experienced friend 

 to invest in the infrastructure. One of the co-founders of the 

 foundation, Popov also acts as an advisor to the founding members of Cartesi.

Cartesi's co-founders have experience in startup space and software development; for example, CEO Erick de Moura previously worked as a software developer, designer and engineer.

As part of the initial offering, 100 million CTSI tokens were sold in April 2020. The IPO fetched $1.5 million for the project. Besides the IPO, Cartesi has also received funding from various prominent sources that include 

Governed by the Cartesi Foundation, the project aims to increase ecosystem and network adoption. Its co-founders, partners and community members will all play their respective roles in the evolution of the project.

At this time, the co-founders have a majority stake in the decision-making process. As the project matures, the foundation will gradually decentralize the government.

Calling itself “the first blockchain operating system,” Cartesi lets developers utilize the capabilities of Linux to build DApps for blockchain. In other words, Cartesi bridges the gap between mainstream software and the smartchain. Since everything from supercomputers to smartphones utilizes Linux, building an app using the Linux platform and running it on the blockchain sounds like an interesting proposition.

Using Linux also offers developers the opportunity to perform intensive computations otherwise not available through traditional blockchain resources. By relying on the processing power of Linux, Cartesi enables developers to access every tool designed for Linux in the last two to three decades.

As explained earlier, the platform uses a combination of off-chain and on-chain components. Here is a brief overview of these components and their prominent features:

 is a groundbreaking virtual machine that can run a full-fledged Linux operating system. It's used to implement DApp calculations off-chain. DApps running inside the Cartesi Machine can seamlessly process a virtually unlimited amount of data. By moving most of the DApp logic inside the machine, developers are free from the limitations imposed by a typical blockchain.

The level of knowledge required to interact with the Cartesi Machine depends on the complexity of the DApp. A simple application may require only a few steps. In contrast, you will need to understand the hash-based state manipulation primitives to run high-end apps.

Cartesi offers its own version of optimistic rollups. 

 is a Layer 2 system that lets the blockchain provide data availability and order input data. It can also bridge tokens between Layer 1 and Layer 2, and resolve disputes.

Using an interactive fraud-proof mechanism, Cartesi Rollups require only a single instruction to distinguish between an honest and a misbehaving element. Just like other components, Cartesi Rollups achieve scalability by moving the bulk of computation off-chain.

 sidechain decreases the data load by storing the bulk of data off-chain. It helps developers use more data than the existing 

 layer and other base layers. When the data is no longer needed, Noether deletes the data to save space, creating greater efficiencies in the long term. This also results in reduced 

 is a simple infrastructure that developers can use to run computations that otherwise are too expensive to execute.

On a traditional blockchain, computations are run by every full node on the network. However, in the case of Descartes SDK, DApp participants verify computation off-chain, which eliminates a transaction fee. The blockchain is used only if participants don't agree with the results, and when it’s used, the transaction cost of performing such computations is negligible.

The main purpose of the Cartesi project is to introduce a blockchain platform that’s similar in scope to traditional platforms.

Just like the standard platform interface, Cartesi DApps are composed of a front-end and a back-end part. The front end can be UI or a command-line interface. Similarly, the back end comprises verifiable logic that runs inside the Cartesi Rollup infrastructure.

Another way that Cartesi is unique is that it allows developers to use their mainstream environment for more than 90 percent of their work. As blockchain or Cartesi-specific procedures are seldom required, the learning curve involved in the creation of DApps on the platform is negligible.

Cartesi blockchain OS aims to bring the scalability and power of mainstream software development to the blockchain, which is why many developers have used it to build highly immersive applications. Take a look at some examples:

 is an IoT commercial building control system that helps occupants reduce their carbon footprints. The project is part of the incubation program launched by Cartesi. It lets users set targets to lower their energy impact.

 is a virtual marketplace designed for eSports lovers and simulated racing fans. The decentralized marketplace will enable you to sell and purchase 

 racing assets. You can own your car and parts, which are represented by NFTs. SimThunder uses Cartesi's Descartes SDK to ensure the safety and privacy of digital assets.

 Developed using the Cartesi blockchain OS, 

 is a decentralized package manager that allows developers to share and store data components in a way that lets other developers reuse their work.

A maximum of 1 billion CTSI are in circulation and, according to the CTSI Foundation’s April 2022 report, approximately 604 million of these are unlocked. The total supply will be gradually unlocked until April 2024.

The supply distribution of tokens is divided into eight parts: launchpad sale, mining reserve, foundation reserve, seed sale, private sale, strategic sale, team and advisors.

 The 10 percent launchpad token sale was initiated on Binance Exchange in April 2020.

 Mining reserve tokens comprise 25 percent of the total supply. These are reserved for rewarding mining operations. You can read a detailed transparency report

 Almost 40.22 percent of tokens are allocated to this fund. These tokens are used for the continued research and development of the Cartesi blockchain operating system. The foundation will also use them for marketing, community-based objectives, business operations, development grants and legal expenses.

 Two percent of the total supply is dedicated to seed sale, which is scheduled to occur every quarter until October 23, 2022.

 Comprises 5 percent of the total CTSI token supply.

 The strategic sale comprises only 0.67 percent of the entire allocation. This has been 100 percent allocated.

 Team tokens make up 15 percent of the entire supply. Approximately 4.29 percent of the 15 percent has already been allocated through two previous unlocks.

 Tokens dedicated to advisors are 2.11 percent of the total token supply. As of this writing, six advisors are on the Cartesi team.

 of Cartesi blockchain OS defines how it delivers sustainable performance in the long run. Based on the existing analysis, it seeks to develop effective protocols and infrastructure for the foreseeable future.

According to executive management, the road map is mainly designed to improve the information flow between Cartesi’s primary contributors and its community. Accordingly, the existing road map defines four milestones:

The completed first milestone included basic deliverables critical to understanding the concept and managing the infrastructure. This phase supported the implementation and testing of full DApps, literature, and setting up simple DApp examples for developers.

Still in progress, the second milestone helps developers deploy applications on the 

 Testnet. Polygon is elected for the Cartesi Rollups’ first version because it’s cost-efficient and offers high performance. 

At this time, the team intends to design and test the Cartesi node infrastructure, as well as review and re-factor features such as voucher execution. Periodic functionality tests and resolution of essential issues will further contribute to the overall improvement. In the future, the rollup will be integrated with other chains.

Also in progress, the third milestone includes the official release of HTTP API documentation and testing. In this phase, the management seeks to offer economic incentive for validators using a Cartesi validator node. Incentives will be paid in CTSI.

In addition, the third milestone also seeks support for packaging and deploying DApps to local and remote networks, including comprehensive SDK documentation.

The final milestone is contingent upon the completion of the third milestone. Tasks awaiting execution include final test, auditing and Mainnet deployment.

If you'd like to invest in the Cartesi project, keep in mind that the road map isn’t final. As executive management seeks to compile a definite plan, they will offer frequent updates. In the future, you may see a revised version of the road map that community members can access and update.

The token was first released in April 2020 on Binance Exchange. Since the initial launch, the price trajectory has somewhat followed the overall crypto market. During this time, CTSI price peaked at $1.75 in May 2021.

It's been said that CTSI experiences a slight rise in its value when a new set of tokens is unlocked. While the pattern may not entice investors looking to invest in the long run, it's something you may want to keep an eye on.

Due to the fluctuation in price, uncertainty in global markets, and regulations, predicting the price of crypto is a difficult task. However, everyone agrees that some projects will stand out over the long run. Cartesi certainly falls in this category as it offers a unique proposition to the crypto community.

Having said that, you can expect the CTSI price to double within the next twelve months, if the crypto markets continue to gain traction. This projection is consistent among analysts. The medium-term trend is also encouraging; however, don't expect the price to skyrocket in two or three years unless there is another crypto boom.

Investing in CTSI will pay off in the next seven to ten years. If the crypto market continues to yield stable returns, there’s no doubt that 

You can buy CTSI tokens from a variety of online exchanges, including Bybit. Simply 

 with your email or mobile phone. Depending on your preference, you can register either on the desktop or mobile app.

Bybit is one of only a few crypto exchanges where CTSI is traded as perpetual contracts, which are derivatives without an expiration date or settlement. In other words, you can trade them as easily as any other financial instrument, including the ability to use very high leverage.

To buy CTSI, you need to deposit a certain amount to the Bybit exchange. There are multiple ways to do it. The easiest method is to deposit USDT using one of a variety of payment methods. Here are the steps:

Depending on where you live, you will be presented with multiple options to buy USDT at the existing rate.

Choose from a variety of payment options that may include bank transfer, credit card, Google Pay and local payment merchants.

Once USDT is deposited in your account, look for the CTSIUSDT pair under the 

An investment is only as good as its underlying fundamentals. If you want to invest in crypto, you need to review its unique selling proposition, road map, major investors, the team behind the project and the community.

Based on what we've learned so far, CTSI is definitely worth a place in your portfolio. It's impressive because Cartesi bridges the gap between mainstream software development and the blockchain. Similarly, it has a very experienced management team, as well as astute advisors. All of these people come from software and academic backgrounds with years of development experience behind them.

As discussed already, there is a clear road map and there are guidelines for everyone to follow. Everything from documentation to testing and implementation is working according to plan. The development is marked by regular investment from high-profile firms from around the globe. Finally, everything is backed by a highly active community that seems keenly interested in the latest development.

Cartesi is built on a concept that will decisively impact the development of DApps on blockchain. Prior to Cartesi, everyone used 

 as the only object-oriented language for implementing smart contracts. Now Cartesi has changed the DApp landscape by empowering developers to use a mainstream programming language.

These developments are enough to make Cartesi one of the most inspiring projects in the crypto space. This also means that the existing price of Cartesi is irrelevant, because it doesn't portray the upside potential of CTSI. As long as investors are willing to contribute to the project, Cartesi is a future gold mine.

If you're ready to invest in a crypto project, Cartesi is a mouthwatering prospect. While much is going on in the crypto space, very few projects pack a punch, and Cartesi is one of them.

Cartesi (CTSI): Build Revolutionary DApps on a Blockchain OS

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards