{"id":89439,"date":"2024-08-12T03:22:19","date_gmt":"2024-08-12T07:22:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=89439"},"modified":"2024-08-12T03:24:22","modified_gmt":"2024-08-12T07:24:22","slug":"canto-chain-addresses-outage-to-consensus-issue","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/canto-chain-addresses-outage-to-consensus-issue\/","title":{"rendered":"Canto Chain Addresses 33-hour Outage Due to Consensus Issue"},"content":{"rendered":"\n

Canto<\/a> plans Aug. 12 upgrade to resolve 33-hour outage caused by consensus issue.<\/p>\n\n\n\n

\"Canto
Canto Chain Addresses 33-hour Outage Due to Consensus Issue<\/figcaption><\/figure>\n\n\n\n

Cosmos-based layer-1 blockchain According to Canto, the ongoing 33-hour disruption was the result of “an issue with consensus.” To resolve the situation, the company intends to implement an upgrade on August 12.<\/p>\n\n\n\n

Canto, which was introduced in August 2022, is a permissionless general-purpose blockchain that is compatible with the Ethereum Virtual Machine (EVM)<\/a> and is specifically designed for decentralized finance (DeFi) applications.<\/p>\n\n\n\n

The Canto blockchain has been offline for more than a day, as indicated by the CantoScan block explorer. The most recent transaction, block 10847516, was executed at 2:29 am on August 11.

Additionally, Etherscan indicates that there have been no new transactions on Canto in the past 33 hours, and there have been only two transactions in the past 46 hours.

The team confirmed a problem that has momentarily halted the chain in an update posted to Canto's official social media account on X on Aug. 12.

On August 12, Canto asserts that the outage is the result of “an issue with the consensus.” However, it did not provide any additional information beyond the fact that a “upgrade to address this issue” is scheduled for 12:00 pm UTC.

A transaction is authenticated and listed on the blockchain by a consensus mechanism<\/a>.

On August 9 at 14:30 UTC, the blockchain was updated with the Callisto revision. Canto has not disclosed whether this occurred or whether there is a correlation between the Callisto upgrade and the present disruption.<\/p>\n\n\n\n

Canto has stated that users should not be concerned about the ongoing disruption, and they anticipate that all standard functions will resume as usual once the consensus issue has been resolved.

“All funds are secure.” “Users will be able to access all activities as usual once the chain resumes,” Canto stated.

In September 2023, the Canto blockchain disclosed its intention to transition to the Ethereum Network\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and establish itself as a layer-2 network. Nevertheless, that decision was rescinded in March 2024, and it has continued to operate as a layer-1 blockchain.

According to DefiLlama data, the blockchain experienced a significant increase in activity in February 2023. However, it has since fallen in the rankings to become the 80th largest blockchain by total value locked.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canto plans Aug. 12 upgrade to resolve 33-hour outage caused by consensus issue. Cosmos-based layer-1 blockchain According to Canto, the ongoing 33-hour disruption was the result of “an issue with consensus.” To resolve the situation, the company intends to implement an upgrade on August 12. Canto, which was introduced in August 2022, is a permissionless […]<\/p>\n","protected":false},"author":36,"featured_media":89447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19608,21248,21249],"class_list":["post-89439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-addresses","tag-canto-chain","tag-consensus-issue"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/1_Fg_zfS2_NUsyuU71cclcQA.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=89439"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/89447"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=89439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=89439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=89439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}