Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Explore The Different Types Of Blockchain Network

    May 20, 2023

    Blockchain Firm R3 Cuts Over 20% of Global Workforce Due to Industry Slowdown!

    September 16, 2023

    UK Judge Rules Craig Wright Is Neither Bitcoin Creator Satoshi Nakamoto nor the BTC White Paper Author

    March 14, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

      July 10, 2025

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025
    • Technology

      Coinbase partners with Perplexity to unlock real-time crypto data for traders

      July 10, 2025

      Comment on Bitcoin Surges to $110K as Selling Pressure Declines; Is BTC Charting its Way to a New ATH Soon? by Bitcoin Price Prediction: BTC to Hit $145.1K by Year-End and More

      July 9, 2025

      CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

      July 8, 2025

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025
    • Learn/Guide

      Coinbase, Perplexity AI join forces to enhance crypto data access for traders

      July 10, 2025

      Top perps DEX GMX hacked for over $40m, $GMX token plunges

      July 9, 2025

      Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

      July 8, 2025

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » SUI Network Restores Blockchain Outage; $SUI Price Dips 5%
    Technology

    SUI Network Restores Blockchain Outage; $SUI Price Dips 5%

    December 29, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    SUI Network Restores Blockchain Outage; $SUI Price Dips 5%
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Sui network, a rising star in the blockchain world, has been making waves with its innovative approach to decentralized applications and transactions. The blockchain experienced a rare service interruption today on November 21, 2024. In an announcement on social media, Sui informed its users that the network had temporarily ceased processing transactions due to unexpected outage.

    Sui from its official social media platform informs its users about the outage and restoration (Source: X Post)

    The outage, which lasted for approximately two hours, was due to a bug in the transaction scheduling logic. This issue caused validators – critical nodes in the network responsible for maintaining its functionality and security – to crash simultaneously.

    The blockchain’s team quickly identified the root cause and coordinated with its community of validators to deploy a fix. “We appreciate your patience,” the team stated, highlighting the collaborative efforts involved in restoring the network.

    Sui’s Swift Resolution and Full Recovery

    Thanks to the dedicated efforts of Sui’s developers and validator community, the network was restored to full functionality within two hours. Transaction resumed smoothly, and users were reassured of the network’s commitment to stability and innovation.

    During the outage, there were no blocks added to the chain for two hours and the price of the SUI token was also affected. At the time of the outage, the price of the SUI token dropped by approximately 5% and is eventually gaining momentum. At the press time, the token is only down by 2.92% instead of 5% with its price standing at $3.62 per token.

    SUI 24 Hour Chart
    SUI 24 Hour Chart (Source: CoinMarketCap)

    Outages, while disruptive, are not uncommon in fast-evolving blockchain ecosystems. The network’s swift response demonstrates its resilience and the strength of its community driven model. Such incidents also offer opportunities for improvement, ensuring that similar issues are less likely in the future.

    As Blockchain continues to grow, its ability to recover quickly from setbacks indicates its position as a reliable and forward-thinking blockchain network. Users can look forward to enhanced stability as Sui implements lessons learned from this incident.

    Also Read: Dogecoin Whales Pump Memecoin With $214.5 Million Purchase



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Coinbase partners with Perplexity to unlock real-time crypto data for traders

    July 10, 2025

    Comment on Bitcoin Surges to $110K as Selling Pressure Declines; Is BTC Charting its Way to a New ATH Soon? by Bitcoin Price Prediction: BTC to Hit $145.1K by Year-End and More

    July 9, 2025

    CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

    July 8, 2025

    Dogecoin price double bottoms as whale accumulation continues

    July 7, 2025
    Top Posts

    5 Best Cardano Casinos, Slots & Gambling Sites in 2024

    July 1, 2024

    MetaWin losses $4 Million Worth of Crypto in Recent Hack

    December 18, 2024

    Upgrading to ZK-Powered Layer 2

    September 30, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.