Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
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
Facebook Twitter Pinterest LinkedIn Tumblr Email
Canto Network Restarts After Outage Due to ‘Consensus Issue’
Share
Facebook Twitter LinkedIn Pinterest Email
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.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025
Most Popular

House Financial Services panel explores combating illicit finance in cryptocurrencies.

February 16, 2024

Is Ethereum due for a massive rally? Options traders were betting heavily on a June target above $3,600.

May 14, 2024

Minutes Network Forms Strategic Relationship with USA Wholesale Voice Communications Aggregator Next Communications, Inc.

January 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.