2024

Gateway Protocol

Algorand

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The Layer 1 blockchain network&nbsp;<a href="https://u.today/sui-sui-up-by-50-in-seven-days-reasons" rel="noopener noreferrer nofollow">SUI</a> is currently in the spotlight. A few days ago, Sui became the first blockchain to activate a secure alternative to the Border Gateway Protocol. It achieved this with the integration of <a href="https://u.today/press-releases/sui-integrates-scion-as-a-first-of-its-kind-security-protocol-for-network-validators" rel="noopener noreferrer nofollow">SCION for network validators</a>. Sui’s activities appear to have caught the interest of a notable crypto player, Charles Hoskinson, the Cardano founder.
<h2 id="hoskinson-s-praise-sparks-excitement">Hoskinson's praise sparks excitement</h2>
The Cardano founder appears to have followed Sui’s growth journey in crypto. In a&nbsp;<a href="https://x.com/IOHK_Charles/status/1842281619840806931" rel="noopener noreferrer nofollow">post</a> on X, Hoskinson expressed support for the Sui blockchain with a post that gained support from his followers.
"Reading about Sui. It's good to see George's work come to life. They deserve great success in the space," he posted.
<blockquote>
 Reading about Sui. It's good to see George's work come to life. They deserve great success in the space— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1842281619840806931?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 4, 2024</a>
</blockquote>
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.
Many of Hoskinson’s followers on X have also lauded the Sui blockchain. A user, HtownCryptoD₳D (@htowncryptodad), teased the Cardano founder about Sui being a possible "future partner chain." This aligns with a related offer presented to the Algorand protocol earlier.
Overall, there was praise for Sui's technology in the crypto space.
<h2 id="growing-interest-in-sui-network">Growing interest in Sui Network</h2>
Notably, the SCION technology currently lives on Sui’s testnet, which aims to address security concerns that the Border Gateway Protocol does not tackle. It is believed that SCION would decrease the incessant cases of malicious actors rerouting traffic to their infrastructure, preventing network hijacks by fraudsters.
A chart shared by Sui Network shows the <a href="https://u.today/press-releases/sui-becomes-official-blockchain-partner-for-one-championship" rel="noopener noreferrer nofollow">growing interest</a> the blockchain has generated over time. The chart reveals that while only moderate interest has been shown in 11 months, there is a significant shift.
This increased attention grew in September and peaked with the unveiling of SCION, and Hoskinson’s post confirms it.

Did Charles Hoskinson Just Endorse Sui Network?

Table of Contents

U_Today

Other articles published on Oct 5, 2024

Coinbase Seeks Appeal Over SEC’s Unclear Stance on Secondary Market Sales

Experts Named Best Altcoins for 2024 Bull Run: FTT, DOT, KAS, CYBRO, SOL

China Rumored to Unban Bitcoin: How Likely Is It?

Syria submits formal request to join BRICS

Tether’s USDT Faces Potential Delisting from Coinbase

Revealed: The Impressive Amount of Treasury Bonds Tether Holds Surpasses Entire Nations!

Join our free newsletter for daily crypto updates!