Sui Network Resumes Transaction Processing After 2-Hour Outage
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Sui Network, a Layer-1 blockchain popularly referred to as Solana Killer, is back online after experiencing a two-hour outage. The technical team behind the L1 blockchain announced the development in the hours leading up to press time, emphasizing that Sui Network is now operational again. Following the quick recovery, validators can now approve transactions on the network. First Major Network Issue For context, Sui experienced its first major network issue today, halting block production for more than two hours. The outage stemmed from an issue within the transaction scheduling logic, which eventually crashed the network’s validators. Notably, Sui’s official X handle issued a public service announcement confirming its awareness of the network outage. It disclosed that the technical team had identified the issue and would provide a quick fix. Interestingly, it issued another announcement a few minutes later, revealing that the network is back online and processing transactions again. According to the announcement, its community of validators carried out the quick recovery. 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 — Sui (@SuiNetwork) November 21, 2024 Sui and Solana Comparison Launched in May 2023, Sui Network is a decentralized L1 blockchain that allows developers to deploy smart contracts while enabling simultaneous processing of multiple transactions. Many crypto enthusiasts labeled it the Solana Killer because it has not experienced any major outage before now. However, with its recent outage, some critics referred to Sui as the next Solana, referencing the latter’s history of network disruption. For context, Solana has experienced major outages since its launch in March 2020. Its first technical issue occurred in January…
Filed under: News - @ November 21, 2024 11:27 pm