Sui blockchain suffers another network outage as transactions grind to a halt
Sui community, a layer 1 blockchain developed by Mysten Labs, is experiencing a community outage on Thursday after the venture stated its mainnet had “stalled,” briefly halting transaction processing.
“Sui Mainnet is at present experiencing a community stall. The Sui Core crew is actively engaged on an answer,” the venture posted on X. “Remember that transactions could also be paused presently. Updates shall be shared as quickly as they’re obtainable.”
The disruption appeared to pause exercise throughout the community, although the crew had not but disclosed the reason for the difficulty at press time.
The incident marks one other in a collection of technical disruptions for Sui. The blockchain has beforehand confronted intervals of degraded efficiency and outages, together with one earlier this 12 months.
Sui, which launched in 2023, is amongst a gaggle of newer layer 1 blockchains competing with Ethereum and Solana by providing high-speed transactions and low charges. The community’s native SUI token is down 8% within the final 24 hours, although broader crypto market circumstances had been blended.
Blockchain outages stay a carefully watched challenge for merchants and builders, significantly for networks that market themselves as high-performance infrastructure for decentralized finance and gaming functions.
The Sui crew stated it could present extra updates because the investigation continues.
Learn extra: Crypto for Advisors: Breaking down the Sui blockchain
