The team has set aside August 12 for an upgrade to address the Canto blockchain, which has been unavailable for over a day.
Blockchain layer one based on Cosmos To address it’s continuing 33-hour downtime, which it claims was caused by “an issue with consensus,” Canto says it plans to implement an upgrade on August 12.
Canto, which debuted in August 2022, is an Ethereum Virtual Machine (EVM) compatible permissionless general-purpose blockchain for decentralized finance (DeFi) applications.
The Canto blockchain has been unavailable for more than a day, according to the CantoScan block explorer. The most recent transaction, block 10847516, was made on August 11 at 2:29 am.
Additionally, Etherscan displayed only two transactions in the last 46 hours and no fresh transactions in the recent 33 hours on Canto.
The team acknowledged an issue that momentarily stopped the chain in an update on August 12 that was posted on Canto’s official social media account on X.
Canto asserts that the downtime results from “an issue with the consensus,” but it offers no further information beyond that an “upgrade to address this issue” is planned on August at noon UTC.
A consensus mechanism verifies and marks a transaction as authentic before being listed on the blockchain.
On August 9 at 14:30 UTC, the blockchain was locked in for another update, the Callisto upgrade. Canto has yet to state whether this was completed or whether the present downtime is related to the Callisto upgrade.
Canto assures users that they shouldn’t be concerned about the prolonged outage and that all regular operations will continue as usual as soon as the consensus issue is resolved.
“Every penny is secure. According to Canto, users will generally be able to access all activities once the chain reopens.
In September 2023, the Canto blockchain revealed its intention to switch to the Ethereum Network and develop into a layer-2 network. But in March 2024, the ruling was overturned, and the layer-1 blockchain has persisted ever since.
The blockchain saw a spike in activity in February 2023, according to DefiLlama data. Still, it has since declined to rank as the 80th largest blockchain by total value locked.
