Ethereum

2024

Cosmos-based layer-1 blockchain Canto says it is planning to implement an upgrade on Aug. 12 to address its ongoing 33-hour outage, which it says was caused by “an issue with consensus.”
Launched in August 2022, Canto styles itself as a permissionless <a href="https://cointelegraph.com/learn/how-does-blockchain-work-everything-there-is-to-know" rel="noopener noreferrer nofollow">general-purpose blockchain</a> designed for decentralized finance (DeFi) applications that is also Ethereum Virtual Machine (EVM) compatible.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-08/8fba4977-ade7-4227-9b01-b1a058f29569.JPG" alt="Canto chain targets fix amid 33-hour outage caused by consensus issue">
 <figcaption style="text-align: center;">The Canto blockchain has been down for over a full day now, pending an upgrade to try&nbsp; Source: CantoScan block explorer
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According to the <a href="https://cantoscan.com/" target="_blank" rel="noopener noreferrer nofollow">CantoScan</a> block explorer, the Canto blockchain has been down for over a day, with the last transaction, block 10847516, occurring at 2:29 am on Aug. 11.&nbsp;
Etherscan also <a href="https://etherscan.io/token/0x56c03b8c4fa80ba37f5a7b60caaaef749bb5b220" target="_blank" rel="noopener noreferrer nofollow">shows</a> no new transactions on Canto in the last 33 hours and only two transactions in the last 46 hours.
In an Aug. 12 <a href="https://x.com/CantoPublic/status/1822733054689026460" target="_blank" rel="noopener noreferrer nofollow">update</a> posted to Canto’s official social media account on X, the team confirmed a problem that has temporarily halted the chain.
Canto claims “an issue with the consensus” is the culprit behind the outage but did not provide any other details, other than an “upgrade to address this issue,” is scheduled for 12:00 pm UTC on Aug. 12.
A <a href="https://cointelegraph.com/innovation-circle/9-factors-to-consider-when-choosing-a-blockchain-consensus-mechanism" rel="noopener noreferrer nofollow">consensus mechanism validates</a> a transaction and marks it as authentic, listing it on the blockchain.
Another update, the Callisto upgrade, was <a href="https://x.com/abovethebias/status/1821679378406797536" target="_blank" rel="noopener noreferrer nofollow">locked</a> in for the blockchain on Aug. 9 at 14:30 UTC. Canto has not addressed whether this went through, or if there is a link between the Callisto upgrade and the current outage.&nbsp;
Related: <a href="https://cointelegraph.com/news/the-promise-of-defi-underdelivered-or-an-ongoing-journey" rel="noopener noreferrer nofollow">The promise of DeFi: Underdelivered or an ongoing journey?</a>
Despite the ongoing outage, Canto says users shouldn’t be alarmed, and once the consensus problem has been fixed, they expect all usual functions to resume as normal.
“All funds are safe. Once the chain resumes, users will be able to access all activities as usual,” Canto said.
The Canto blockchain&nbsp;<a href="https://cointelegraph.com/news/canto-and-astar-blockchains-plan-migration-to-ethereum-ecoystem" rel="noopener noreferrer nofollow">announced a plan to migrate</a>&nbsp;to the Ethereum Network in September 2023 and become a <a href="https://cointelegraph.com/learn/a-beginners-guide-to-understanding-the-layers-of-blockchain-technology" rel="noopener noreferrer nofollow">layer-2 network</a>. However, that decision was reversed in March 2024 and it has remained a layer-1 blockchain.
DefiLlama <a href="https://defillama.com/chain/Canto?volume=true" target="_blank" rel="noopener noreferrer nofollow">data</a> shows that activity on the blockchain surged in February 2023, but it has since been sliding down the rankings to become the 80th largest blockchain by total value locked.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/china-crypto-ban-investors/" rel="noopener noreferrer nofollow">How Chinese traders and miners get around China’s crypto ban</a>

Canto chain targets fix amid 33-hour outage caused by consensus issue

Cointelegraph

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