Source

Canto, a Cosmos-based Layer-1 blockchain, suffered a major outage after its recent “Callisto” upgrade on Saturday. The upgrade led to the mainnet shutdown at around 18:43 UTC, which impaired the blockchain’s capacity to handle new transactions. 
On Sunday afternoon, the Canto’s X (ex-Twitter) account highlighted the problem as an “issue with consensus.” The team shared that they are planning another update on Monday at 12:00 UTC to address the issue and emphasized that users’ funds are safe. 
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 <img decoding="async" width="531" height="273" src="https://www.cryptotimes.io/wp-content/uploads/2024/08/Canto-Blockchain-Faces-28-Hour-Outage-After-Upgrade-Issues.png" alt="Canto Blockchain Faces 28-Hour Outage After Upgrade Issues" class="wp-image-195266" style="width: 100%;height:auto">
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 <a href="https://x.com/CantoPublic/status/1822733054689026460" target="_blank" rel="noreferrer noopener nofollow">Source: X</a>
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Canto had previously declared its intention to move to Ethereum as a Layer-2 solution. But it later changed its mind and decided to stay as a Layer-1 blockchain, which was a U-turn. 
Specifically, the trading volume of Canto increased significantly in January 2023. However, it has since fallen to the 78th rank by total value locked (TVL) as per data from <a href="https://defillama.com/chains" target="_blank" rel="noreferrer noopener">DefiLlama</a>. 
This incident shows the problems associated with large-scale changes and the stability of the blockchain. The users are encouraged to follow Canto’s official channels for any further updates and to confirm the safety of their funds. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/06/ripplex-announces-xrpl-testnet-reset-on-aug-19-for-upgrades/" target="_blank" rel="noreferrer noopener">RippleX Announces XRPL Testnet Reset on Aug 19 for Upgrades</a> 
</blockquote>

Canto Blockchain Faces Outage After “Callisto” Upgrade

The Crypto Times

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