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

Altcoins

web3

BitTorrent Token (BTT) is a TRC-20 utility token on the BitTorrent Chain (BTTC) that integrates web3 technology into torrenting.

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Before Netflix, Hulu and Amazon Prime Video ruled the entertainment space, there was BitTorrent. Created in 2001 by American programmer Bram Cohen, BitTorrent allowed the peer-to-peer sharing and downloading of large files on the web.

Unlike other internet protocols at the time, BitTorrent had faster transmission rates and permitted the simultaneous downloading of files. By 2005, 

 showed that BitTorrent led the P2P platforms which accounted for over 70% of internet traffic at the time.

However, despite ruling the internet world, BitTorrent faced serious challenges such as increased piracy, privacy breaches, content unavailability and slow internet speeds that led to inconsistencies when downloading.

Additionally, BitTorrent faced serious challenges in monetizing the platform. Despite its game-changing technology, there seemed to be no viable business model to turn the innovation into a money-making enterprise.

In 2018, the Tron Foundation — led by its founder, Justin Sun — acquired BitTorrent with the vision of decentralizing its services. Following the multi-million dollar acquisition, Tron introduced BitTorrent Token (BTT) in 2019, which was a cryptocurrency designed to provide incentives to 

Let’s explore how shifting from traditional file storage systems to blockchain has been for BitTorrent. Will the use of the BTT token be the magic that transforms BitTorrent into a money mint? Let’s find out.

 of the BitTorrent ecosystem designed to integrate Web 3.0 technology into torrenting.

 The BitTorrent team believes that blockchain technology will facilitate a decentralized torrent platform that provides a bridge between content creators and viewers, without the need for intermediaries.

Further, the use of BTT cryptocurrency resonates with the torrenting community’s need for uncensored sharing of content in an open and rewarding way. Tron’s

 provide the requisite infrastructure to do exactly that.

The strategic merger between Tron and BitTorrent’s file sharing Protocol via BTT will also assist the mass adoption of blockchain. The BitTorrent P2P platform has millions of active users who are ripe for using the decentralized services provided by the Tron ecosystem. Ultimately, this significant traffic from BitTorrent will help Tron’s scalability in using BTT tokens.

BTT tokens work by merging the P2P file-sharing solutions provided by BitTorrent as a protocol, and Tron as a TRC-20 token. As an internet communication protocol, BitTorrent uses its software to allow the distribution of large files such as movies, videos, games and other digital content by allowing users to download them as small files.

However, since users may receive a single file from multiple providers, there’s the challenge of server and network congestion. That said, BTT seeks to improve BitTorrent's distributed network by providing the incentives necessary to increase efficiency.

, BTT will be the currency used to facilitate micropayments on BitTorrent. BitTorrent employs an on-chain/off-chain approach in which all BTT transactions are first made in a private ledger then transferred to be recorded on Tron’s blockchain which ensures transparency and accountability.

BitTorrent has also launched its own blockchain in December 2021, the BitTorrent Chain (BTTC). 

BTTC is the world’s first heterogeneous cross-chain interoperability protocol, and runs on the proof of stake (PoS) mechanism, using sidechains for scaling of smart contracts. It supports the seamless transfer of assets between multiple chains at a low cost, such as 

, Binance Smart Chain (BSC), and of course, Tron. BTT is the native token that drives the BTTC, and is used to pay for gas, staking, and voting.

Since BitTorrent software hit the market, it’s caught the attention of web users globally. With huge clients such as 

, the BitTorrent protocol remains a dependable file-sharing system. Using a torrent platform ensures faster downloads, even of large data, without the need for expensive server equipment.

BitTorrent now has premium paid services for torrent downloaders that ensure a safer torrenting experience. As premium clients, users can enjoy features such as threat protection with automatic scanning before a download, detailed torrent information, and a VPN for one year.

Some of the unique attributes of BitTorrent include:

As a protocol, BitTorrent has been struggling with architectural inadequacies that have severely affected “swarms” (all the peers sharing a file), who have struggled with an imbalance between the upload and download speeds. Once a download is complete, a torrent downloader isn’t incentivized to seed content for other downloaders.

 for its clients to offer seeders BTT as a reward for prolonged seeding, even after a download is complete. The product ensures faster download speeds, since the users have an incentive to share their bandwidth. As a result, there are fewer “swarm deaths,” which has been a perennial problem on BitTorrent.

BitTorrent Speed presents clients with various features. First, the users can create a local BitTorrent wallet, or import an existing one that’s compatible with Tron’s blockchain. Secondly, as an incentive, new users are eligible for a 50 BTT airdrop. Lastly, CAPTCHA integration is added within the Airdrop flow as a security measure against bots. 

BitTorrent File System (BTFS) is the company’s innovative file sharing and storage system. Through decentralization, 

 seeks to address the challenges faced by centralized traditional file storage systems, such as censorship, blown-up maintenance costs and 

Driven by smart contracts, BTFS has a complex interplay of vault, staking, price, 

 and airdrop contracts. Its advanced web3 architecture is composed of nodes that have renters and hosts. The nodes aren’t mutually exclusive; a node can be both a renter and a host. BTFS is powered by two tokens: BTT and 

 (WBTT), which are equal and interchangeable. 

Hosts receive BTT airdrops every seven days for providing file storage services, while renters pay to upload files into the system. As an advanced file storage system, BTFS features user-friendly operations such as file removal, encryption/decryption of files, and multiple file pinning.

BTFS is part of the BitTorrent Chain (BTTC). A combination of BTFS, BitTorrent and BTTC will enhance the development of 

 (DApps), which in turn will ensure scalability and growth.

In line with BitTorrent’s vision of disrupting the entertainment space, the network has brought users 

, a decentralized live streaming platform. Dlive allows low-cost streaming from anywhere around the globe. Since it’s built around BitTorrent’s architecture of nodes and swarms, each viewer’s stream can be distributed outwardly to other peers in the network. Viewers can earn through watching the streams and even stake their BTT on the platform to earn more BTT.

As a peer-to-peer decentralized live streaming network, Dlive doesn’t need servers, CDNs or data warehouses to connect. Streaming on Dlive is easy; you don’t need a password or account to start, and streamers can easily receive tips from their viewers during their livestream. With a feature-packed road map, Dlive will be instrumental in the mass adoption of BitTorrent Token.

 with valid use cases. As the native cryptocurrency for BitTorrent, BTT is used for governance, incentives, rewards and low-cost transactions on the entire ecosystem.

As a unit currency, BTT will ensure precise pricing of services and decentralized trading of computing resources. Due to the immense traffic on BitTorrent, it is not possible to make transactions directly on the Tron blockchain. Instead, the BitTorrent network uses a private ledger that is then transferred to Tron’s public blockchain. Such a system helps process BTT transactions faster, which adds to the health of the entire ecosystem.

BTT tokens provide the necessary incentives for network users to continue seeding, even after they’re done downloading. As mentioned, the abandonment of swarms once downloads are complete has negatively impacted the network.

Every BitTorrent user gets the option to create a cryptographic BTT wallet as a way of getting oriented into the BTT-powered platform. The initiative hopes to drive the mass adoption of BTT, whereby millions of users will hold BTT tokens in these wallets to power the network.

Looking toward the future, the BitTorrent team is working toward new options of earning and spending BTT. Outside the BitTorrent ecosystem, it is also possible to 

 such as CoinPayments, Plisio, and CoinGate. 

The old BitTorrent Token (token symbol BTTOLD) is a

 powered by the Tron blockchain. It has a total supply of 990 billion tokens. Six percent of the total supply was floated to the public through an initial coin offering (ICO) in 2019, while 2% was allocated to a private sale. Tron Foundation and BitTorrent share an equal allocation of 20% of the supply each. 

The new BitTorrent Token (token symbol BTT) increased its total supply to 990 trillion tokens, and has a current circulating supply of 934.78 billion. It is an upgrade of the old token, from TRC-10 to TRC-20 contract standard. 

Currently, the BTTOLD tokens can be swapped for the new BTT tokens in a centralized exchange or 

After its acquisition by Tron, the BitTorrent network has introduced a lot of new value to torrenting. 

 (its new name) has released incredible and innovative products, such as BitTorrent Speed, BTFS and Dlive Protocol which are set to decentralize the entertainment industry.

With an ever-increasing market cap across various cryptocurrency exchanges, BitTorrent cryptocurrency seems to be gaining momentum in the crypto space. However, similar to any other crypto investment, time is a key determinant to the expected ROI on your BTT assets. There’s also the impact of bullish and 

 cycles on BTT’s price for long-term investors. The 

 in the first half of 2022, for instance, has caused a major price drop in BTT’s price, from its ATH of $0.000003035 on January 18, 2022 to $0.0000007118 on June 19, 2022.

 as of the time of writing. Despite the current crypto winter, BTT’s innovation has led various experts to take a bullish outlook on its value. 

 forecasts that BitTorrent’s price will reach an average of $0.00000327 by 2023 and eventually hit $0.00004376 by 2030. However, 

 technical analysis is a little less bullish on BTT, with a price prediction of $0.00000180 by the end of 2023, rising to an average of 0.00000495 by 2030.

Remember, this is not financial advice. It's always wise to do your own research before investing in any token.

BitTorrent tokens are available for purchase on numerous top-tier cryptocurrency exchanges, including Binance, Kraken and Bybit. When selecting a suitable and active exchange to trade BTT tokens, it’s important to consider factors such as security, privacy, fee, customer service and availability of trading pairs. Bybit is a top-notch, customer-focused crypto exchange that offers all of these features and more.

As a one-stop destination for your crypto needs, Bybit offers features such as a revolutionary pricing system, lightning-fast matching engine, significant market depth and an HD cold wallet to keep your assets safe.

How to Buy BitTorrent Token (BTT) on Bybit

Once you’ve familiarized yourself with BitTorrent’s price and are ready to actually own the asset, you can easily do so on Bybit, which offers 

. You can follow the simple steps outlined below to buy BTT on Bybit:

 and verify it to complete the registration process.

 To transact BTT on Bybit, you’ll first need to own USDT. To purchase USDT, visit the 

. There, you’ll see several options to buy USDT: 

. Choose the option that’s most convenient for you.

Once you’ve purchased your USDT, click the

 from the drop-down menu. You’ll be directed to the spot trading terminal.

 trading pair on the left side of the trading platform, which usually displays 

To enter a trade, enter the amount of BTT tokens you wish to buy by filling in the values on the right side of the trading terminal.

The strategic partnership between BitTorrent and Tron Network to create the BitTorrent coin was a game changer for the crypto industry, and rightfully so. By leveraging Tron’s robust ecosystem, the BitTorrent protocol has managed to use the BTT token to incentivize its users and enhance the overall torrenting experience on the platform.

With the introduction of innovative products such as BitTorrent Speed, BitTorrent File System and Dlive protocol, Rainberry, Inc. is strategically placed to disrupt the entertainment industry. Decentralized sharing of seed files and downloading is necessary for the torrenting world, especially with increased censorship, and invasion of privacy by different entities. 

Indeed, BTT token brings a viable product to the crypto market, and will remain relevant as the world transitions into the Web 3.0 internet revolution.

What Is BitTorrent (BTT): Sharing Files The Decentralized Way

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards