With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Sui and Wrapped Bitcoin can be challenging. Our dedicated Sui to Wrapped Bitcoin price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of sui vs. wbtc. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips
1 Sui (sui) == 1.7416383219955E-5 Wrapped Bitcoin (wbtc).
Rate : 1.7416383219955E-5
Sui (sui) Price: 0.49156$
Wrapped Bitcoin (wbtc) Price: 28224$
1 Sui is 1.7416383219955E-5 Wrapped Bitcoin.
Sui is a layer-1 blockchain that focuses on optimizing low-latency blockchain transfers. Its primary objective is to ensure instant transaction finality and high-speed transaction throughput, making it an ideal platform for on-chain use cases such as games, finance, and real-time applications. The smart contracts on Sui are written in Move, a Rust-based programming language that prioritizes fast and secure transaction executions.
Sui achieves horizontal scaling through a process called "transaction parallelization," enabling parallel agreement across different independent types of transactions. This scalability approach allows for efficient validation of transactions by Sui nodes through a byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism. By organizing data as independent objects, Sui ensures that transactions independent of one another can be validated securely.
Wrapped Bitcoin (WBTC) is a tokenized representation of Bitcoin (BTC) on the Ethereum blockchain. As an asset platform, WBTC operates on the Ethereum network. It is categorized as a tokenized BTC and belongs to various ecosystems such as Polygon, Gnosis Chain, Arbitrum, and more.
As of now, WBTC is ranked 17th in terms of market capitalization. However, it has experienced a decrease in value with a price change of -12.75347 percent in the last 30 days.
Sui and WBTC serve different purposes in the blockchain ecosystem. Sui focuses on providing low-latency transfers and high transaction throughput for on-chain applications. It employs a unique horizontal scaling technique and utilizes the Move programming language for efficient and secure transaction execution.
On the other hand, WBTC offers users the ability to access Bitcoin's liquidity and benefits while utilizing the Ethereum network. It provides a bridge between Bitcoin and Ethereum, allowing users to interact with BTC in the Ethereum ecosystem.
In conclusion, Sui and WBTC are distinct blockchain assets with different focuses and use cases. Sui aims to optimize transaction speed and scalability for on-chain applications, while WBTC provides access to Bitcoin's value within the Ethereum ecosystem. Both assets offer unique benefits and cater to different needs within the blockchain space.