JustGiving now accepts over 60 cryptocurrencies for people to donate with
94% of crypto users are Millennials and Generation Z
More than $2 billion has been donated to charitable causes over the past five years
UK-based fundraising platform JustGiving is teaming up with The Giving Block, a digital asset company, to start accepting crypto donations.
JustGiving now allows users to donate in more than 60 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Doge, according to a report from UK Fundraising. The move comes as the crypto market is experiencing a surge in value, with Bitcoin recording a new all-time high of over $94,000 yesterday on CoinMarketCap.
According to JustGiving’s website, over the past 24 years, the fundraising platform has raised $7.2 billion (£6 billion) and is trusted by thousands of charities worldwide, including the Alzheimer’s Society, the British Heart Foundation, Macmillan Cancer Support, and Mind.
Pascale Harvie, President and General Manager of JustGiving, said:
“In recent years there has been a surge in the use of cryptocurrencies and our decision to enable cryptocurrency donations is the latest demonstration of our commitment to forward-thinking innovation.”
Tapping into a tech-savvy demographic is also key. According to JustGiving, 94% of crypto users are Millennials and Gen Z.
Alex Wilson, co-founder of The Giving Block, said that “charities need to tap into this new donor demographic,” adding:
“580 million people now use cryptocurrency around the world and the market is worth nearly $3 trillion. Our goal is to make accepting cryptocurrency donations just as easy as taking any other online donations.”
In a 2024 Annual Report from The Giving Block, it noted that more than $2 billion has been donated to charitable causes over the past five years.
Trump’s team is considering creating a White House role dedicated to crypto policy.
The proposed “crypto czar” would provide direct access to the President for the industry.
Donald Trump’s past promises include ending the SEC crypto crackdown and a Bitcoin reserve.
As President-elect Donald Trump prepares to take office, there are reports that his transition team is actively exploring the creation of the first-ever White House position dedicated to cryptocurrency policy.
According to a Bloomberg report, discussions are underway about appointing a senior figure to oversee the growing digital assets industry and its regulation at the highest level of government.
The proposed role, often referred to as a “crypto czar,” would provide the crypto industry with a designated point person at the White House, offering a direct line to the President.
If established, this position would serve as a liaison between the digital assets sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Industry advocates are pushing for the role to be one with significant access to Trump, ensuring that the industry’s concerns are heard at the highest levels of power.
Though no final decision has been made regarding the creation of the role, Trump’s team has reportedly consulted with several leaders from the crypto space, including Brian Brooks, the former CEO of Binance.US, and Brian Armstrong, the CEO of Coinbase.
These discussions signal the potential for significant changes in the way the U.S. government engages with the cryptocurrency industry.
Trump’s support for crypto has been evident since his campaign, where he promised to end the SEC’s crackdown on digital assets and even proposed the establishment of a federal strategic Bitcoin reserve. His appointments, including that of Howard Lutnick to head the US Department of Commerce, further reflect his engagement with the sector, though Lutnick’s position holds less influence over crypto regulation.
The crypto czar role would allow the White House to more effectively address the complexities of cryptocurrency regulation, giving the digital assets industry a more structured and prominent voice in policymaking.
As Trump moves closer to taking office, the creation of such a position would mark a pivotal moment for the US crypto landscape.
JUP price has retested a key resistance line after bouncing above $1.
Crypto analyst Rekt Capital suggests holding above support level will help bulls soar.
As Solana price surges above $240 and nears its all-time high, crypto analyst Rekt Capital says Jupiter (JUP) could follow suit.
The native token of the decentralized exchange (DEX) aggregator, which counts as a major ecosystem player for Solana, is attracting attention for its potential.
“Jupiter was able to successfully retest the previous resistance area (red) into new support. In fact, JUP performed a volatile downside retest into the multi-month blue diagonal resistance as well. Continued stability here and JUP could follow SOL,” the analyst wrote on X on Nov. 18.
Here’s the chart the analyst shared, indicating possible support levels for JUP on the weekly time frame.
JUP weekly price chart by Rekt Capital
JUP price at key level
Earlier, the analyst had pointed to JUP’s bullish weekly close above $1.10. Noting that price was “showing initial signs of support,” Rekt Capital said:
“JUP will need to form a base here at the red region to enable a move above $1.29 (black) which needs to be reclaimed for future trend continuation.”
The altcoin rose to above $1.30 on Nov. 17, breaking to highs last seen in May. While profit taking deals have pushed JUP lower to $1.20, sentiment suggests a rebound is imminent. At the time of writing, JUP is hovering above the psychological $1 level, having bounced from lows of $1.04 to retest levels seen in May.
Breaking to the supply zone means a rally riding broader market momentum could see buyers target the all-time high of $2.00 reached in January 2024.
On the downside, the rejection at $1.30 could see bears push JUP beyond the primary support area. A retreat to below the horizontal support near $0.70 will bring the $0.50 area into view.
Apex Digital Exchange (ADEX), a pioneering new decentralized exchange (DEX), aims to close the gap between traditional finance (TradFi) and decentralized finance (DeFi) by delivering a comprehensive ecosystem that extends beyond simple crypto trading and asset purchasing. Positioned as an accessible, secure, and user-centric platform, ADEX aspires to make DeFi mainstream and accessible for all levels of users.
“DeFi isn’t just a buzzword—it’s the future of finance,” says Ben Bateman, CEO of ADEX. “We’re here to simplify DeFi and deliver a platform that empowers everyone, from curious first-time investors to seasoned crypto enthusiasts.”
The Vision of ADEX: Bringing DeFi to Everyone
ADEX was designed with a simple yet ambitious mission: to make DeFi accessible to everyone, regardless of their financial background or familiarity with crypto. The platform incorporates features like cross-chain interoperability, fiat on/off ramps, and native Bitcoin support to ensure users have all the tools they need in a connected, user-friendly system.
“People are waking up to the possibilities of decentralized finance, but the entry barriers are still high,” Bateman explains. “At ADEX, we’re eliminating those barriers by blending the transparency and control of DeFi with the familiarity and reliability people expect from traditional banking.”
Bridging the Worlds of TradFi and DeFi
ADEX was built as an integrated financial ecosystem that combines the strengths of both traditional and decentralized finance. Key features include a highly secure digital wallet, integrated fiat-to-crypto options, and a forthcoming gold-backed stablecoin. “We wanted to create a DEX that didn’t just meet technical needs but also felt accessible and intuitive, as if you’re working with your bank,” Bateman shares.
Unlike other exchanges, ADEX stands out through its direct partnership with a financial institution, which enables seamless fiat-to-crypto transactions without relying on third-party services. “With our bank-backed infrastructure, we can deliver faster, more secure, and cost-effective transactions by removing intermediaries,” Bateman says. This setup reduces fees, enhances trust, and provides users with a transparent and reliable experience.
Expanding Across Chains and Prioritizing Security
ADEX’s chain-agnostic approach gives users flexibility, with network-specific benefits across platforms such as ZenChain, Sonic Chain, and an upcoming launch on Solana. ZenChain enables secure cross-chain asset swaps, Sonic Chain enhances transaction speeds, and the Solana integration will offer increased scalability and support for a broader range of assets.
“Security and user experience are at the core of what we do,” Bateman emphasizes. ADEX has partnered with ID Crypt Global to develop a digital asset wallet with biometric security, one-tap fiat on/off ramps, and ID-to-ID asset transfers, all within a single, easy-to-navigate interface.
Community-Centric Revenue Model: A New Paradigm
ADEX is reshaping traditional revenue models by implementing a community-first, revenue-sharing approach. Users who hold $ADEX tokens in their ID Crypt wallets receive a portion of the platform’s trading fees. Unlike the traditional banking model where institutions keep profits from fees and investments, ADEX’s revenue-sharing initiative aligns with its mission to put users first.
“By participating in the ADEX ecosystem, our community members benefit directly as the platform grows,” Bateman says. “We’re building a shared-success model that rewards users, giving them a meaningful stake in the future of DeFi.”
ADEX: A Comprehensive Financial Solution for All
In its drive to blend the accessibility of TradFi with the innovative possibilities of DeFi, ADEX is building more than a DEX—it’s creating an inclusive ecosystem that supports a seamless transition from fiat to digital assets. For those looking to confidently navigate the evolving world of DeFi, ADEX offers an end-to-end solution that’s both secure and rewarding.
As Bateman puts it, “We’re reimagining what DeFi can achieve, making it simple and secure for everyone—whether it’s your grandparents or your siblings, ADEX is built for everyone. We’re inviting our community to join us in redefining decentralized finance.”
ADEX is set to launch later this month, and readers are invited to join the ADEX Telegram community HERE for the latest updates, exclusive insights, and early access to the platform.
KEY Difference Wire stands out as a PR newswire designed exclusively for the blockchain sector. Unlike traditional wire options, we’re uniquely integrated with leading Web3 news platforms, offering unparalleled coverage for blockchain-related releases.
Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week
Over the past 30 days, Bitcoin has increased in value by more than 30%
Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.12 billion in daily inflows
Bitcoin has hit another record, reaching over $82,000 on Monday, boosted by Donald Trump’s re-election to the White House last week.
According to data from CoinMarketCap, Bitcoin’s value has risen more than 19% in the past seven days and 30% over the past 30 days. Taking to X, Anthony Pompliano, host of the Pomp podcast, said:
“The first pro-Bitcoin President was elected in US history and Bitcoin hit $80,000 within a week. The market is preparing itself.”
The first pro-bitcoin President was elected in US history and bitcoin hit $80,000 within a week.
While Trump’s win has helped push crypto prices up, many don’t think it’s the sole reason. In response, Sleep Money Maker said: “Think bigger than one week or one event. We’re watching decades of regulatory friction starting to dissolve. When barriers fall, capital flows – that’s just market physics in action.”
Speaking to CoinJournal last week, James Toledano, COO at Unity, a self-custody crypto wallet, said it was “disingenuous” to say the US election directly caused the price increase.
In the long-term, it won’t be the election that moves the crypto market, but “broader macroeconomic events, technological advancements, shifting market sentiment, and factors outside of the next President’s control,” Toldeano explained.
Institutional appetite for Bitcoin is rising
Institutional interest in Bitcoin has also reached new levels, noted by BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) bringing in a record $1.12 billion in daily inflows. This followed BlackRock setting a new record in October when its total assets reached $30 billion in 293 days.
Speaking of the recent price rally, Toledano, said:
“There is clearly heightened confidence in Bitcoin as a key investment vehicle and institutional investors are not only recognizing Bitcoin’s resilience as an asset class but are increasingly allocating capital in response to favorable macroeconomic conditions, including recent rate cuts and political shifts.”
Other coins that are rallying include Ethereum, trading over $3,100, Solana, at $216, and Dogecoin, up nearly 158% in the past month at $0.2877.
Dubai, United Arab Emirates, November 8th, 2024, Chainwire
Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing its innovative derivatives offerings.
Expanding Responsibilities for a Dynamic Industry
Shunyet Jan joined Bybit with a wealth of experience in both traditional finance and high-frequency trading, bringing a fresh perspective to the crypto space. “Bybit has been an exciting place to work, with a strong focus on innovation and rapid execution,” Shunyet noted. “The culture here is remarkably collaborative, and it’s clear that agility and teamwork are at the heart of everything we do.” His positive first impressions of Bybit’s team and culture, shaped by his background across diverse financial environments, have only reinforced his enthusiasm for advancing Bybit’s role in the market.
In his expanded role, Shunyet will leverage his insights from a distinguished career, which includes roles in program trading, ETFs, and index arbitrage on Wall Street, as well as algorithmic and high-frequency trading in Asia. His leadership will guide Bybit in crafting solutions that cater specifically to institutional needs, bridging traditional finance principles with the flexibility of digital assets.
Championing Bybit’s Vision for Institutional Growth
With deep experience in serving sovereign wealth funds, pension funds, hedge funds, and market makers, Shunyet understands the unique needs of institutional investors. “Institutional sales and derivatives share a common goal: providing seamless access to liquidity and effective support,” Shunyet explained. His dual background as both an institutional client advisor and a top global market maker allows him to anticipate and address the nuanced demands of these clients, helping Bybit solidify its reputation as a trusted partner for sophisticated trading solutions.
In his new role, Shunyet’s focus is clear: “I’m focused on positioning Bybit as the top choice for institutional clients by enhancing our custody solutions, expanding loan products, and strengthening liquidity across the platform.” He envisions building a robust environment that not only attracts institutional clients but also elevates their experience through refined trading conditions and innovative tools. By refining custody options and liquidity enhancements, Bybit aims to further solidify its foundation in a rapidly growing sector.
A Vision for Bybit’s Derivatives and Institutional Future
Shunyet’s career trajectory highlights a commitment to adapting the best practices from traditional finance to the crypto industry. He sees significant potential in options trading for the crypto sector, especially in the APAC region, where demand is rapidly increasing. “While options are standard in traditional markets, they remain underutilized in crypto. My goal is to build a world-class options trading platform that offers the same level of sophistication and reliability that institutional investors expect.”
“Bybit has a vision of creating a secure, innovative environment for traders, and I’m eager to contribute to the growth of our platform, enhancing institutional offerings while expanding sophisticated retail solutions,” Shunyet added.
Helen Liu, Chief Operating Officer of Bybit, commented, “Shunyet’s dual expertise in traditional finance and crypto markets equips him to elevate our platform for institutional clients. His insights and leadership will be instrumental as we broaden our reach in institutional services and enrich our derivatives offerings.”
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press
A French Trader “Théo” made nearly $50M betting on Trump using the “neighbour polling” method on Polymarket.
Théo’s private polls and unconventional data use raise transparency concerns.
French regulator ANJ is investigating Polymarket’s compliance with gambling laws.
The crypto betting platform Polymarket is facing potential regulatory action in France after an anonymous trader, known as “Théo” or the “Trump Whale,” made headlines by netting nearly $50 million wagering on Donald Trump’s victory in the US presidential election.
Théo’s remarkable success has raised questions about prediction market methodologies, data reliability, and the transparency of such platforms.
How Théo made approx. $50M wagering on the US presidential election
Théo, a former bank trader from France, used four anonymous Polymarket accounts to place more than $30 million in bets on Trump winning the popular vote. His strategy, as disclosed in an interview with The Wall Street Journal, revolved around what he termed the “neighbour polling” method.
Unlike traditional polling that directly asks individuals who they would vote for, this technique asks respondents who they believe their neighbours support. This approach can reveal hidden preferences, especially when voters may be reluctant to disclose their true choices.
Publicly released neighbour polls conducted in September, which Théo cited, showed that support for Vice President Kamala Harris was significantly lower when respondents were asked about their neighbours’ preferences compared to direct questioning.
Théo viewed this as an indication that conventional polling underestimated Trump’s support, leading him to make a high-risk bet when Polymarket odds suggested only a 40% chance of Trump winning the popular vote.
To bolster his confidence, Théo commissioned private surveys with a major pollster, which reportedly yielded “mind-blowing” results favouring Trump. However, these findings were kept private due to a confidentiality agreement, fueling speculation about the accuracy and impact of such data on prediction markets.
Autorité Nationale des Jeux (ANJ) investigating Polymarket
The success of Théo’s wager has drawn increased attention to Polymarket’s role in election betting. French authorities, particularly the Autorité Nationale des Jeux (ANJ), are reportedly scrutinizing the platform’s compliance with local gambling laws.
Although Polymarket operates from the US, it only permits non-US users to participate following a 2022 settlement with the Commodity Futures Trading Commission (CFTC). The ease with which VPNs can bypass geographic restrictions adds to the regulatory challenge.
Experts are divided on the efficacy of neighbour polling. While the method has sometimes outperformed conventional surveys, studies indicate that it can also lead to misleading predictions, especially when the public lacks sufficient context or understanding.
Théo’s story exemplifies how unconventional strategies and private insights can disrupt markets, yet underscores the need for transparency and regulation as the landscape of prediction markets evolves.
Energy Web’s innovative app enables EV owners to decarbonize charging sessions with renewable energy
Energy Web is proud to announce the beta launch of AutoGreenCharge, a mobile app designed to decarbonize electric vehicle (EV) charging. With AutoGreenCharge, users can ensure that every EV charging session is powered by renewable energy. The app is accessible to owners of popular electric vehicles, including Tesla, BMW, Mercedes, and others, bringing the promise of green charging to a worldwide, mainstream audience.
Powered by the decentralized technology of Energy Web’s EnergywebX and secured by the Polkadot blockchain, AutoGreenCharge offers a simple, secure, and verifiable solution to ensure EV charging is not just electric, but 100% renewable. By integrating renewable energy certificates (RECs), the app will automatically match EV charging sessions with clean energy, providing verifiable green charging in real time. While in the beta phase, users can familiarize themselves with the app’s core features and experience the future of EV charging firsthand.
AutoGreenCharge allows EV owners to easily connect their vehicles through a partnership with Smart Car. Once connected, every charging session is automatically tracked, giving users detailed insights into their energy consumption and environmental impact. As the app evolves toward full production, users will be able to retire real renewable energy certificates with each charging session, ensuring their cars are powered by clean, sustainable energy sources. Additionally, they will have the option to specify preferences for the type and location of renewable energy, offering personalized access to solar, wind, and other clean energy sources from around the globe.
Mani Hagh Sefat, CTO of Energy Web, shared, “AutoGreenCharge represents a major step forward in the electrification and decarbonization of transportation. By providing EV owners with a seamless way to ensure their cars are charged with renewable energy, we’re empowering drivers to make more sustainable choices and actively contribute to the global energy transition.”
AutoGreenCharge’s integration with the Polkadot blockchain ensures that every transaction and certificate retirement is securely recorded and verifiable, enhancing transparency and trust in the system. This cutting-edge app is a key development in the broader mission to build a more resilient, efficient, and sustainable energy system.
With the beta version now available, EV owners are encouraged to download the AutoGreenCharge app and start participating in this transformative initiative. The app can be easily found on the testflight Apple and Google Play Stores. As the app moves towards its full production release, users will play a crucial role in refining its features and improving the future of green charging.
Energy Web is driving the global energy transition through cutting-edge, open-source, decentralized software solutions. By leveraging blockchain technology, we create new market mechanisms and decentralized applications that empower energy companies, grid operators, and consumers to actively shape their energy futures. Our mission is to build a more resilient, efficient, and sustainable energy system for all.
Dogecoin is a digital asset that utilizes a custom proof-of-work consensus protocol to enhance instant payments on its ledger. Dogecoin (DOGE) has 5X potential, and another altcoin Rexas Finance (RXS) has similar potential that could match Dogecoin’s 2021 success over the next 6 months.
Dogecoin Price Prediction
Dogecoin is a meme-based project that has huge potential in the crypto world. Daily price chart of 2021’s Dogecoin parabolic rally. This rally is propelled to prominence, spiking over 1,000% in just 2 days and closing at $0.046.
Moreover, this price surge was followed by an uptrend move weeks later, where DOGE price surged 10,351% more than 100 days, reaching an ATH of $0.7. In addition, the price spike offers historic profits, however, the loss is assured after, with DOGE currently trading at $0.1091.
Dogecoin provides 5X potential for all crypto investors who have invested in DOGE.
Rexas Finance (RXS)
Rexas Finance (RXS) has huge potential as Dogecoin (DOGE).
Rexas Token Builder: Users can tokenize their real-world assets through Rexas Token Builder. More so, it easily neglects the complexity of coding in the blockchain market, enabling users to launch tokens in a minute.
Rexas Launchpad: Crypto users can begin the token funding using Rexas Launchpad. More so, the decentralized launchpad could offer a transparent and secure ecosystem for token sales on many blockchain networks.
Rexas Estate: Users can now invest in real estate with the help of Rexas Finance (RXS). This platform helps crypto users worldwide own real-world properties and earn passive income through stablecoins.
RXS is the native token of Rexas Finance. RXS is an Ethereum-based ERC-20 token. The Rexas Finance token presale was started on September 8, 2024. Moreover, the project has raised over $1,580K in funds. The presale price of Rexas Finance (RXS) is $0.05.
About Rexas (RXS)
Rexas Finance is the user’s gateway to the future of asset management. Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide. With Rexas, users gain access to a world where asset liquidity and investment choices are boundless.
For more information about Rexas Finance (RXS) visit the links below:
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Grand Cayman, Cayman Islands, October 2nd, 2024, Chainwire
Sui becomes the first blockchain to enable the most secure modern alternative to the Border Gateway Protocol
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it will be the first blockchain to provide validators with a comprehensive defense against Internet routing attacks that have caused significant downtime on other networks, addressing the risks to Web 3.0 at the layer of the underlying Internet infrastructure and fortifying what is already the most secure and reliable Layer 1 blockchain, with 100% uptime since its mainnet launch. The new infrastructure is based on a networking technology called SCION and is currently live on Sui’s testnet.
The protocol that routes data packets between the independent networks that form the Internet is called Border Gateway Protocol (BGP) and was created in the late 1980s. At that time, achieving scalable global routing was the main focus, without consideration for security. Since then, the Internet has become much more important and dangerous, but unfortunately, the security of BGP has not kept pace with the increasing risks.
The current lack of security enables malicious actors to reroute traffic toward their own infrastructure and then either drop it, or worse, impersonate the intended communication partners. For example, in 2018, attackers rerouted DNS traffic and redirected visitors of MyEtherWallet to their own servers – stealing over $17 million in Ethereum. Notably, the attackers didn’t just take on any small DNS server but AWS’s Route 53 service, one of the world’s largest DNS services. In 2022, an attack on KLAYswap was possible despite the fact that KLAYswap followed security best practices. Simply rerouting traffic allowed the attacker to bypass state-of-the-art security protocols DNSSEC and TLS.
So far, no blockchain has a comprehensive defense against this class of attacks. Sui will be the first blockchain to integrate SCION, which is a next-generation network architecture that solves these major vulnerabilities. Importantly, the principals from the team of Swiss researchers that invented SCION have brought their unique knowledge and skills to Mysten Labs – forming the core of the team implementing this critical infrastructure technology for Sui.
“SCION is the security layer that the Internet desperately needs: it is built from the ground up with security in mind,” said George Danezis, Co-Founder and Chief Scientist at Mysten Labs. “With the integration of this technology, Sui will be the first blockchain to provide validators with access to a next-generation internet that is cryptographically protected against attacks”
The SCION technology being implemented on Sui’s network is an Internet architecture, which, like today’s Internet, coordinates multiple smaller networks. However, on Sui, SCION radically alters the way the Sui network will find paths toward external destinations and leverages cryptography to ensure that it cannot be influenced by unauthorized parties. This renders the type of attacks described above ineffective against Sui.
Implementing SCION arms Sui with unique resilience to network hijacking attacks and the ability to fall back from one network to another results in:
More resilient consensus participation. For individual validators on Sui, the ability to fall back from one network to another in the event of attacks against either network will mean higher resilience to network attacks that attempt to take the validator offline—an event which can impact epoch rewards.
More available state-sync. For full nodes on Sui, this means higher available connections to their syncing full nodes or validators, offering an alternative to retrying other, possibly more distant nodes, and the ability to circumnavigate network bottlenecks.
Robustness in the case of IP DDoS attacks. In the event of IP DDoS attacks, in which it is targeted by an attack utilizing multiple sources of attack traffic, Sui will be able to prioritize communication over SCION instead of over IP, rendering the attack against the validators ineffective.
In contrast to the Internet Protocol (IP), which is used to send and forward packets in the current Internet, a SCION-enabled Sui node can select among multiple paths towards the intended destination and encode their choice in the packet’s header. SCION’s support for the simultaneous use of multiple paths allows Sui nodes to serve different types of traffic over different paths, such as assigning consensus and sync to different network paths with different properties.
In addition to the security benefits it provides, by employing SCION’s new packet-forwarding protocol, Sui enables new control for end hosts that also further improves the networks already industry-leading speeds. Experiments with the SCION-enabled network showed that the latency between distant nodes could be reduced by over 10%, through automatic path choice and optimization available via SCION-enabled Sui nodes.
The steps to SCION-enable a Sui node, in brief, involve obtaining a SCION connection from a SCION-enabled Internet service provider or network operator and running a SCION network appliance that is accessible by the Sui node (e.g., colocated with the node or on a separate host). As the SCION network is running side-by-side with the Internet, network connectivity is achieved on Sui if either IP or SCION connectivity is operational – achieving an unprecedented level of availability. Consequently, the new infrastructure further enhances Sui to become the prime blockchain for critical infrastructure use cases.
The SCION infrastructure was established in collaboration with Anapaya Systems, which was responsible for building the router software and other tools necessary for the Sui SCION network implementation, Cyberlink and InterCloud, which operate the global SCION infrastructure interconnecting the Sui validators, and Martincoit Networks, which helped design and coordinate the rollout of the SCION/Sui project. Karrier One is providing SCION network connectivity in Canada and beyond, and is building up SCION-enabled data center hosting services. The SCION Association, which recently welcomed Mysten Labs as a member, was involved as the organization responsible for propagating the technology.
