Video Description
What actually happens when a blockchain stops working and what does it mean for the money sitting on it?
Kostas Chalkias (co-founder of Mysten Labs) joins Michaël van de Poppe to break down the Sui outage that had crypto Twitter in a frenzy: why the network halted, what was really going on behind the scenes, and why he argues it was the system working exactly as designed.
As co-founder and Chief Cryptographer of Mysten Labs, the team behind Sui, Kostas was in the war room when it happened. He explains why no funds were lost, why halting was the right call, and why a decentralized network recovers differently than a single company flipping a switch.
"By the way, as you realized there was no money lost in this situation. And this is by design."
They discuss what triggered the...
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