Sui Crypto [SUI] Explained Simply For Beginners
Read summaryIn 2022, Meta shut down its cryptocurrency project Libra and Novi, leading a group of employees to leave and create their own cryptocurrency. One year later, the SOI cryptocurrency was launched. SOI is a fast blockchain similar to Solana, able to process up to 120,000 transactions per second. Created by miston Labs, the team previously worked at Meta on Novi. SOI uses an updated version of the move programming language originally designed for Meta's blockchain Libra. The key to SOI's efficiency lies in its shortcut for validating transactions. Simple transactions are processed quickly, bypassing the traditional method of validation. This alternative structure makes SOI a potential competitor to Solana. It's important to research and understand before investing in SOI. This information is provided for educational purposes, not financial advice. Keep an eye on SOI's potential growth and red flags. Share this video with friends interested in cryptocurrency investing.
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