Date: Thu, Nov 21, 2024, 11:36 AM GMTThe Sui Network, a prominent Layer 1 blockchain, has successfully resolved a technical outage that disrupted operations earlier today. According to <a href="https://suiscan.xyz/mainnet/txs/tx-blocks" rel="noopener noreferrer nofollow">SuiScan</a>, the blockchain had halted block production for 2 hours and 24 minutes.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3ebb40e62f484ef4b34cb98b4a4e4fea.png">Source: Suiscan<h3 id="what-happened">What Happened?</h3>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.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4f1ada2aafb747be817a5aac7df1e252.png">Source: @SuiNetwork (X)<h3 id="issue-resolved">Issue Resolved</h3>The Sui Network has quickly resolved the issue and resumed processing transactions, with blocks now being produced again, according to live data from SuiScan.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/dde698b0f163421a9ec8156c0e27f6c1.png">Source: <a href="https://suiscan.xyz/mainnet/txs/tx-blocks" rel="noopener noreferrer nofollow">Suiscan</a>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.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/88b5cf52da914399b6e474ec6e879b0c.png">Source: @SuiNetwork (X)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.<h3 id="market-status">Market Status</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6624b16b84b047f694ac7521f06a4b62.png">Source: CoinmarketcapAfter 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.Also Read:<a href="https://coinsprobe.com/bitcoin-cash-bch-and-bitcoin-sv-bsv-rally-with-double-digit-gains-whats-driving-the-momentum/" rel="noopener noreferrer nofollow">Bitcoin Cash (BCH) and Bitcoin SV (BSV) Rally with Double-Digit Gains: What’s Driving the Momentum?</a>

Sui Network Quickly Resolves Outage, Operations Back to Normal

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