Date: Thu, Nov 21, 2024, 11:36 AM GMT
The Sui Network, a prominent Layer 1 blockchain, has successfully resolved a technical outage that disrupted operations earlier today. According to SuiScan, the blockchain had halted block production for 2 hours and 24 minutes.
What Happened?
The outage, which also brought validator activity to a standstill for 57 minutes, was acknowledged promptly by the Sui team.
In an earlier update on X (formerly Twitter), the team assured the community that they had identified the issue and were working on a fix.
Issue Resolved
The Sui Network has quickly resolved the issue and resumed processing transactions, with blocks now being produced again, according to live data from SuiScan.
The downtime, which lasted for approximately 2 hours, was caused by a bug in the transaction scheduling logic that led to validator crashes. The issue was addressed and fixed by the validators, and the network is now fully operational.
This swift response and resolution by the team demonstrate their efficiency in handling technical challenges, helping to maintain trust within the community and avoid unnecessary panic.
Market Status
After the quick resolution of the issue, the price of SUI has jumped by over 6% in the last hour, recovering from earlier losses. The initial drop was largely driven by broader market dynamics, including Bitcoin’s (BTC) impressive surge to a new all-time high of $98,384, which boosted BTC dominance and put pressure on altcoins.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.