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Home»ADOPTION NEWS»Canto Network Restarts After Outage Due to ‘Consensus Issue’
ADOPTION NEWS

Canto Network Restarts After Outage Due to ‘Consensus Issue’

By Crypto FlexsAugust 11, 20242 Mins Read
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Canto Network Restarts After Outage Due to ‘Consensus Issue’
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Tier 1 • August 11, 2024 6:00 PM EDT

Posted 1 minute earlier ~ in

According to block explorers, Canto, a Cosmos-based layer 1 blockchain, experienced an outage on Saturday following the “Callisto” upgrade, which caused its mainnet to go down at approximately 6:43 p.m. UTC.

The blockchain was unable to process new transactions after the outage. On Sunday afternoon, Canto’s X account acknowledged the outage and attributed the downtime to a “consensus issue.” Canto said an upgrade designed to address the issue would be implemented on Monday at 12:00 UTC and assured users that their funds were safe.

Canto announced its intention to migrate to Ethereum last year and become a layer-2 network, but the blockchain has since changed course and decided to remain a layer-1 network.

According to DefiLlama data, Canto saw a surge in trading activity in January 2023, but has since fallen to the 78th-ranked blockchain by total value locked (TVL).


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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