Sui Network Outage Impacts SUI Price: What Investors Need to Know

• SUI faced a block generation halt on November 21st for two and a half hours.
• The development team fixed the issue in a short amount of time.
• SUI has dropped 14% in the past week but is up almost 80% in the past month.

Sui Network, a prominent Layer 1 blockchain known for its focus on scalability, experienced a blockchain generation halt last week that led to a significant price crash for its altcoin in the past few days. Over the past 24 hours, the cryptocurrency dropped 5.08%, raising concerns about further declines if buyers don’t step in.

The blockchain network stopped producing blocks for a total of two and a half hours, from approximately 1:15 to 3:45 am Pacific time on November 21st. The Sui Network validators entered a crash loop, preventing the blockchain protocol from processing any transactions.

Read also: SUI Soars 440% as XRP, DOGE, FLOKI Join Crypto Rally

The block generation halt stemmed from an upgrade to Sui Network’s congestion control system. A vulnerability in the upgrade created issues for the protocol, but the blockchain network’s development team responded quickly, launching mainnet v1.37.4 and testnet v1.38.1 updates to addre…

The post Sui Network Outage Impacts SUI Price: What Investors Need to Know appeared first on Coin Edition.