News

Sui Network Halted for Over 2 Hours

Key Points:

  • The Sui network experienced an outage, halting block production for over 2 hours.
  • The issue, attributed to a bug in transaction scheduling logic, has been resolved, and the Sui network is back online.
The Sui network experienced a temporary halt in block production, raising concerns about network stability and drawing comparisons to Solana’s past outages.

Sui Network Experiences Outage, Block Production Halted

On the afternoon of November 21, 2024, the Sui network, a blockchain project built on the Move programming language, experienced an outage. Block production ceased at approximately 4:15 PM Vietnam time, effectively halting network activity.

On-chain data from Sui Explorer indicated that the network had not recorded any new blocks or transactions for over an hour.

Latest blocks of Sui network, screenshot suivision.xyz at 06:05 PM on November 21, 2024

Preliminary reports suggest the issue stemmed from validator difficulties, and the Sui team is currently investigating and working to resolve the incident.

Read more: First Digital’s FDUSD Stablecoin is Officially Live on Sui

Issue Resolved, but Comparisons with Solana Arise

By the time of reporting, the Sui team announced that the issue had been resolved, allowing block production to resume. The root cause was identified as a block-ordering logic error, which disrupted validator operations.

However, the incident revived discussions about Sui being referred to as a “Solana Killer” or “Solana 2.0,” referencing Solana’s past struggles with frequent outages. The term “Solagna” has even been coined by the community to mock Solana’s history of technical issues.

Screenshot of some comments from the investor community on X saying Sui is “Solana 2.0” or “the next Solana”

In September 2021, Solana experienced a 16-hour outage that caused significant disruption and losses. The most recent Solana incident occurred on February 6, 2024. Since then, Solana has been operating smoothly without any major technical issues.

In response to Sui’s downtime, its native token (SUI) saw a sharp decline, trading around $3.40 at the time of writing. This drop reflected market reactions as news of the incident spread.

Harry

Recent Posts

Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future

Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…

1 hour ago

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

7 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

10 hours ago

Bitcoin Quantum Computing Threat Expected to Take Decades

The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…

10 hours ago

Best New Meme Coins to Invest in Today: BTFD Coin Wows Investors with Unmissable Stage-7 Price Reversal as Book of Meme and Snek Crash

Don't miss BTFD Coin's Stage-7 presale dip! Find out why it's leading the pack of…

10 hours ago

Crypto Hedge Funds Banking Issues Persist Over Recent Years

A WSJ survey reveals crypto hedge funds banking issues over three years, with 120 out…

10 hours ago

This website uses cookies.