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Cryptocurrency News Articles

Sui Blockchain Suffers First Major Outage, Raising Questions About Its Stability

Nov 22, 2024 at 11:41 am

The Sui blockchain, a rising contender in the layer-1 space, suffered its first significant network outage on November 21, halting block production for over two hours.

Sui Blockchain Suffers First Major Outage, Raising Questions About Its Stability

The Sui blockchain, a layer-1 protocol that has quickly gained attention in recent months, encountered its first major network outage on November 21. The incident, which lasted for over two hours, halted block production and transaction processing on the network.

According to Sui Network, the outage was caused by a bug in the network's congestion control system, which was recently upgraded to improve shared object utilization. A specific type of transaction with zero execution cost triggered the bug, causing all validators to crash and enter a crash loop.

To resolve the issue, Sui contributors rapidly deployed a code fix, which was applied by validators to restore normal network activity within 2.5 hours. The network remained offline from 1:15 to 3:45 AM PT.

The outage, while quickly resolved, served as a critical stress test for Sui's systems. In a post-mortem statement, the Sui team noted that it will be enhancing its testing protocols to simulate a broader range of potential adversarial transactions and streamline build workflows for faster response times in the future.

The incident also had an impact on the price of SUI, the native token of the Sui blockchain. Following the news of the outage, SUI's price dropped sharply by 10%, falling to a low of $3.35 according to data from CoinGecko.

However, investor sentiment remained positive, as the token quickly recovered and was trading at $3.63 shortly after the network resumed operations. At the time of writing, SUI was valued at $3.56.

Despite the setback, SUI remained among the top-performing assets in the past month, with a 30-day price increase of 75%.

Some analysts have noted that Sui has the potential to challenge both Solana and Ethereum as a leading platform for decentralized applications (DApps). The incident, while highlighting the challenges of scaling high-throughput blockchains, could also serve as a parallel to Solana's early trajectory.

Solana, which is known for its speed and low transaction costs, also experienced several downtimes in its early days, including a seven-hour network halt in 2021 and a record-breaking 17-hour outage in 2020, both of which were caused by network congestion and bugs.

These downtimes sparked comparisons between the two networks, as both Solana and Sui prioritize high performance and utilize novel consensus mechanisms.

Solana's outages were largely attributed to the challenges of scaling its unique Proof-of-History (PoH) consensus algorithm, which is designed to achieve high throughput and fast finality.

While Solana's downtimes were shorter in duration than Sui's recent incident, both events highlighted the trade-offs involved in pursuing极致 performance.

However, it's worth noting that Solana's outages did not ultimately hinder its long-term growth. Following its early challenges, SOL experienced a remarkable rally, surging by over 1,000% in 2021.

Many observers remain optimistic that Sui, with its strong community support and technological strengths, could follow a similar path, using this setback as a valuable learning experience to strengthen its technology and community bonds.

News source:www.blockhead.co

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