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Cryptocurrency News Articles
Sui Network Outage Raises Concerns About Reliability
Nov 22, 2024 at 05:01 am
Layer-1 blockchain Sui has emerged as one of the year's rising stars, celebrated for its strong performance and fast-expanding ecosystem.
Layer-1 blockchain Sui has enjoyed a stellar year, boasting impressive performance and a rapidly expanding ecosystem. In just over a year since its launch, the network has established itself among the top performers, maintaining a remarkable growth trajectory throughout.
However, a recent setback on the Sui network has tarnished its otherwise spotless record.
Darkness Descends on Sui
On Thursday, November 21, 2024, the Sui blockchain encountered a major disruption when block production abruptly ceased, plunging the network into a blackout.
The outage, the first significant one on Sui since its launch, began around 9:15 a.m. UTC and persisted for nearly two hours. It sparked widespread frustration within the community, with users expressing concerns that the incident compromised the network's reliability.
In the immediate aftermath of the disruption, the blockchain's native token took a hit, experiencing a 5% price decline within a short period. The blackout also affected various platforms, including South Korean exchange Upbit, which briefly halted deposits and withdrawals due to the downtime.
Amidst growing concerns, the Sui team issued a public statement to provide updates and address the situation.
Sui Network Acknowledges Outage
Around an hour after the issue began, the Sui network took to X (formerly Twitter) to provide an update on the situation. The team acknowledged the problem, assuring the community that they had identified the issue and deployed a fix.
In the statement, the network also disclosed the root cause of the two-hour downtime, revealing that a bug in transaction scheduling logic led to a crash in its validators.
The Sui network is back up and processing transactions again, thanks to swift work from the incredible community of Sui validators.
The 2-hour downtime was caused by a bug in transaction scheduling logic that caused validators to crash, which has now been resolved. https://t.co/TJh2zwvQcD
Following the fix, the Sui network announced the full resumption of services, highlighting that the chain was now operational and processing transactions as normal.
On the Other Side
The Importance of Network Stability
Network outages can have a significant impact, particularly in blockchain networks, where users rely heavily on the system's reliability. Sui's recent outage serves as a reminder of the non-negotiable nature of stability and reliability in blockchain networks to ensure a secure and dependable user experience.
Read this article for more on recent declines in the SUI token:
SUI Struggles to Grip $3 in 10% Retreat from Record High
U.S. President-elect Donald Trump's crypto agenda continues to unfold. Discover the latest rumors surrounding his administration's potential pro-Web3 stance.
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