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).
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