The Sui Community, a layer-1 blockchain developed by Mysten Labs, is experiencing a community outage on Thursday after the venture introduced that its mainnet was “outage” and transaction processing was briefly halted.
“Sui Mainnet is at the moment experiencing a community outage. The Sui Core workforce is actively engaged on an answer,” the venture posted on X. “Please word that transactions could also be suspended at the moment. Updates might be shared as they turn into obtainable.”
The disruption appeared to trigger a pause in exercise throughout the community, however the workforce had not but revealed the reason for the difficulty as of this writing.
The incident is the newest in a collection of technological disruptions for Sui. Blockchains have confronted efficiency degradation and outages previously, together with one earlier this yr.
Launched in 2023, Sui is one among a gaggle of recent layer 1 blockchains competing with Ethereum and Solana by providing quick transactions and low charges. Whereas circumstances within the broader cryptocurrency market have been blended, the community’s native SUI token has fallen 8% previously 24 hours.
Blockchain outages proceed to be a carefully watched problem for merchants and builders, particularly for networks marketed as high-performance infrastructure for decentralized finance and gaming functions.
SuTeam mentioned it’s going to present further updates because the investigation continues.
Learn extra: Crypto for Advisors: Disrupting the Sui Blockchain
