#COSSocialFiRevolution The exchange rate of the digital currency Sui ($SUI
) quickly rose to $3.64 after a temporary network outage that occurred due to an error in the transaction planning logic. Less than an hour ago, the cryptocurrency quotes were barely above the value of $3.4, having lost almost 10% in a few hours. It is reported that for about 2 hours, users could not perform operations, which caused a short-term drop in the value of the asset. However, the development team and network validators promptly fixed the problem by restoring the functionality of the blockchain.
Earlier, the developers confirmed that the problem had been identified and the prepared fix was quickly implemented. This helped reduce the negative impact on users and maintain trust in the network, as well as stabilize the value of the cryptocurrency, which returned to the 17th place in terms of maximum capitalization in the market with a result of $10.31 billion.
The restoration of the network was accompanied by a sharp increase in trader activity, which was reflected in the price chart. Analysts suggest that confidence in Sui's technical support remains strong, which has encouraged investors to return.
Such incidents highlight the importance of stability in the blockchain. A quick solution to the problem strengthens the reputation of the network and demonstrates the professionalism of the developers. Sui continues to hold its position as one of the key players in the market.
Recall that a few days ago, the developers updated the main Sui network to version 1.37.3. In addition, they launched an update of the protocol to version 68. The upgrade is designed to increase performance, as well as the security of the blockchain. At the moment, it is possible that problems with the stable operation of the network could be caused by these updates.
