Replace (Nov. 21, 11:30 am UTC): This text has been up to date to incorporate an announcement from Sui Network relating to the downtime.
Sui, a decentralized layer-1 blockchain designed for speedy good contract deployment, skilled a big outage on Nov. 21, halting block manufacturing for greater than an hour.
The Sui blockchain went down with no blocks being produced for greater than an hour, according to knowledge from the Sui Network explorer, SuiVision.
In response to the info, the final block occurred at 9:15 am UTC, with no new blocks produced afterward.
The final three transaction blocks on the Sui blockchain. Supply: SuiVision
A number of trade observers reacted to the downtime, with many outlining Sui’s ambitions to be one of the biggest competitors to Solana (SOL), which is the fourth-largest cryptocurrency by market capitalization.
“SUI blockchain is down. They usually claimed to be a Solana Killer,” crypto YouTuber Ajay Kashyap wrote on X.
Exchanges disable SUI deposits and withdrawals amid the outage
The downtime additionally impacted Sui (SUI), the blockchain’s native cryptocurrency, which fell practically 11%, according to knowledge from CoinGecko. Nonetheless, it was buying and selling at about $3.40 and was nonetheless up round 75% over the previous 30 days.
SUI 24-hour value chart. Supply: CoinGecko
Some main exchanges additionally reacted to the problem on the Sui blockchain. South Korean crypto change Upbit briefly halted SUI deposits and withdrawals, citing community points.
The Sui Basis took to X to announce the outage about two hours following the block manufacturing halt, stating that the community is at present experiencing an outage and never processing transactions.
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“We’ve recognized the problem, and a repair will likely be deployed shortly,” the inspiration famous.
Supply: Sui Network
A DOS bug behind the outage?
In response to some cryptocurrency safety corporations, the outage on the Sui blockchain was seemingly on account of a DOS bug on its system.
“After our evaluation, it was discovered that the Sui Network node occurred DOS on account of integer overflow,” Web3 safety firm ExVul mentioned in an X put up.
The Sui community allegedly skilled a DOS bug. Supply: ExVul
ExVul additionally referred to the alleged bug location on GitHub, suggesting a repair patch code.
Sui is again on-line after two hours of downtime
After a two-hour outage, the Sui Basis took to X to announce that Sui is again up and processing transactions once more “due to swift work from the unbelievable group of Sui validators.”
In response to the inspiration, the downtime was attributable to a bug in transaction scheduling logic that precipitated validators to crash, which has now been resolved.
Amid the Sui community getting again on-line, the worth of SUI has virtually eliminated its day by day losses on the time of writing, buying and selling at round $3.60, in line with CoinGecko.
“First main outage on SUI”
In response to Tim Kravchunovsky, founder and CEO of Sui-based decentralized telecommunications community Chirp, Sui has solely beforehand skilled points on testnet.
“In March and June 2024, the testnet community went down for just a few hours whereas in July, we noticed just a few RPC nodes exit, which once more was fastened in about 1.5 hours,” Kravchunovsky instructed Cointelegraph.
“However that is the primary main outage we’ve got skilled,” he famous, including:
“We must always have a look at the larger image. That is the primary time one thing like this has occurred and it took such a short while to resolve, so it is an enormous exaggeration to match this to the repeated outages Solana skilled in 2022.”
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