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Home»ALTCOIN NEWS»Sui Network suffers first major outage with two-hour outage
ALTCOIN NEWS

Sui Network suffers first major outage with two-hour outage

By Crypto FlexsNovember 22, 20243 Mins Read
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Sui Network suffers first major outage with two-hour outage
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  • The Sui network recently suffered an outage.
  • The downtime led to user dissatisfaction and a decline in token prices.
  • Sui addressed the community.

Layer 1 blockchain Sui has emerged as one of this year’s rising stars, receiving rave reviews for its powerful performance and rapidly expanding ecosystem. The network has established itself as one of the highest-performing blockchains in just over a year since its launch, and has maintained solid growth throughout the year.

However, recent network glitches have weakened the record.

Sui’s lights out

The Sui blockchain suffered a severe outage on Thursday, November 21, 2024, when block production suddenly stopped, leading to a network outage.

Sui’s outage, the first major outage to occur on the network since launch, began around 9:15 a.m. UTC and lasted nearly two hours. This sparked widespread discontent across the community, with several users expressing concerns that the incident had undermined the network’s credibility.

The blockchain’s native token took a hit immediately after the outage, suffering a 5% price drop within a short period of time. Additionally, the outage disrupted services on various platforms, including Korean exchange Upbit, temporarily halting deposits and withdrawals due to downtime.

In response to growing concerns, Sui’s team spoke publicly to clarify the situation and provide an update.

Sui network address outage

About an hour after the issue began, Sui Network contacted X (formerly Twitter) to resolve the situation. The team has acknowledged the issue and confirmed to the community that it has identified the issue and deployed a fix.

The network explained the root cause of the two hours of downtime, stating that a bug in the transaction scheduling logic caused the validator to crash.

Thanks to the quick work of our amazing community of Sui validators, the Sui network is back up and processing transactions.

The two-hour downtime was caused by a bug in the transaction scheduling logic that caused a validator to crash, but has now been resolved. https://t.co/TJh2zwvQcD

— Sui (@SuiNetwork) November 21, 2024

Following the fix, Sui Network announced a full resumption of services, emphasizing that the chain would be operational again and transactions would be processed normally.

On the flipside

Why This Matters

Network outages can cause significant disruptions and erode trust among users using the system. Sui’s outage is a reminder that stability and trustworthiness are non-negotiable in blockchain networks to ensure a safe and reliable user experience.

To learn more about the recent SUI token drop, read this article.
SUI has retreated 10% from record highs and is struggling to secure $3.

US President-elect Donald Trump is still discussing his cryptocurrency agenda. Find out more about his latest moves here.
Cryptocurrency in the Trump White House? Whispers of growth in new Pro-Web3 role

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