As a seasoned researcher with a keen interest in blockchain technology and its applications, I find VanEck’s launch of the SUI ETN particularly intriguing. Having witnessed the struggles of earlier blockchains like Bitcoin and Ethereum when it comes to transaction speed and cost efficiency, I am excited about the potential of SUI to revolutionize decentralized finance and other real-time interaction applications.
VanEck has recently introduced a Swiss Franc (CHF) Ethereum Tracker Note (ETN) on European trading platforms, providing investors with an opportunity to invest in a rapid blockchain technology that’s particularly designed for decentralized financial applications.
According to a press release observed by crypto.news, asset management company VanEck unveiled the availability of its SUI (SUI) exchange-traded note on both Euronext Amsterdam and Paris exchanges.
Through this Exchange-Traded Note (ETN), European investors can indirectly invest in the Swiss blockchain bypassing the need to acquire or maintain any SUI tokens directly. This investment instrument is slated for availability across multiple regions such as Germany, France, and Sweden.
SUI’s rise in popularity
The SUI blockchain is specifically engineered to handle transactions swiftly, tackling a major issue present in previous blockchains such as Bitcoin (BTC) and Ethereum (ETH), where transactions are executed one after another, frequently causing delays and increased expenses.
The design of SUI facilitates concurrent processing, which makes it particularly suitable for applications requiring swift and immediate interactions like decentralized financial systems and video games.
🚨NEWS FLASH🚨: Investment company VanEck has introduced a new product linked to SUI!
By utilizing Sui’s reliable and proven technology, VanEck is connecting the worlds of blockchain and conventional finance, providing millions of investors with safe access to SUI.— Sui (@SuiNetwork) November 13, 2024
Martijn Rozemuller, VanEck Europe’s CEO, underscored the possible influence of SUI on the realm of decentralized finance, stressing the importance of swift transaction speeds in this context. He likened SUI to a “link” connecting conventional online platforms with the rapidly advancing world of Web3, emphasizing its user-friendly structure.
As an analyst, I’d rephrase it as follows: Having worked in the industry with stints at Microsoft, Apple, and Meta, the founders of Mysten Labs have now brought forth SUI. Notably, SUI is built upon a variant of the Move programming language, which was first conceptualized for Meta’s Diem project. This choice of language bolsters SUI’s functionality, enabling it to scale effectively while maintaining an intuitive interface for both developers and end users.
SUI’s price is up over 40% in the last seven days.Â
Read More
- Niecy Nash-Betts Tracks a Sinister Killer in ‘Grotesquerie’ Trailer
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- AI16Z PREDICTION. AI16Z cryptocurrency
- Will Smith’s Bad Boys Co-Star Describes His ‘Intense’ Habits On Set And Shares The Funny Reason Why He Can’t Look Him In The Eye Amid Filming
- Blockaid new dashboard to track Web3 activity and threats
- MicroStrategy to hold 2025 shareholders meeting to vote on boosting capital stock to 10.33b shares
- Amy Adams’ Nightbitch Has A Scene That Was So Disgusting, Crew Members Had To Leave The Room While They Filmed It
- Crypto x AI makes up just 1% of crypto market cap, says analyst
- Felicity Jones Has a Fresh (and Minimalist) Take on Method Dressing Trend at ‘The Brutalist’ Premiere
- When Dharmendra said Sunny Deol and Bobby Deol didn’t have affairs with heroines and were ‘innocent’, recalls Gadar 2 director Anil Sharma
2024-11-13 18:12