Cryptocurrencies have attaining attention in the financial world since the inception of Bitcoin. While Bitcoin remains the most popular cryptocurrency, there has been a increasing trend in the popularity of altcoins in recent years. Altcoins are alternative cryptocurrencies to Bitcoin, which offer unique features and functionalities. In this article, we will be exploring two altcoins, Celestia and SUIDO, which have been buzzing in the crypto world. We will discuss their features, benefits, and potential for growth in the current market.
Celestia – The Modular Blockchain
Celestia is a modular blockchain that offers a unique framework for building decentralized applications (DApps). Modular blockchains are designed to specialize in a few functions, such as execution, settlement, consensus, and data availability. These functions are arranged in a stack that combines to achieve the overall functionality of the blockchain. Celestia is based on the principle of modular design, which gaves users permissions for the system to be divided into smaller parts that can be independently created and exchanged.
Modular blockchains have several benefits, including scalability and sovereignty. They allow for the launching of blockchains to be more accessible and do not require handling all functions. Celestia uses the benefits of modular blockchains to allow the project to grow while providing a secure and scalable platform. The Roll-Ups feature of Celestia specializes in execution, offloading settlement and consensus. This design allows for the utilization of other layers and the launching of new modular blockchains, making it a fantastic project to keep an eye on.
SUIDO – The Boundless Platform
SUIDO is another altcoin that is gaining popularity in the crypto world. It is a boundless platform that allows for the building of rich and dynamic on-chain assets from gaming to finance. SUIDO is horizontally scalable, instantly fine, and designed for real people. It offers low fees, and assets live directly in your account, not in someone else’s smart contract. The platform is designed to be human-readable, allowing users to know exactly what they’re getting and easily onboard.
SUIDO has several features that make it unique and promising. It is trending well and considered one of the top smart contracts in the current market. It allows for the creation of more utility into non-fungible tokens (NFTs) and stores them directly on the chain. The platform also allows for different anonymous parties to be created in a central body, improving security. With over 227.9k followers on Twitter since its launch in August 2021, SUIDO is a project worth keeping an eye on.
Conclusion:
In conclusion, altcoins are gaining popularity in the crypto world, and Celestia and SUIDO are two projects worth exploring. These altcoins offer unique features and benefits that make them promising in the current market. Modular blockchains offer scalability and sovereignty, making Celestia a fantastic project to consider. Meanwhile, SUIDO’s boundless platform offers low fees and human-readable design, making it a platform for real people. While this article does not offer financial advice, it aims to provide education and insights into altcoins worth considering.