{"id":26513,"date":"2024-08-12T17:30:14","date_gmt":"2024-08-12T14:30:14","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26513"},"modified":"2024-08-12T12:44:38","modified_gmt":"2024-08-12T09:44:38","slug":"canto-blockchain-faces-outage-post-callisto-upgrade","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/canto-blockchain-faces-outage-post-callisto-upgrade\/","title":{"rendered":"Canto Blockchain Faces Outage Post-Callisto Upgrade"},"content":{"rendered":"

Layer 1 blockchain derived from Cosmos Block Explorers reports that Canto<\/strong> had an outage on Saturday following its “Callisto” upgrade, which brought the mainnet down at roughly 18:43 UTC.<\/p>\n

Since the downtime, fresh transactions have not been processed by the blockchain. Canto’s<\/strong> X account<\/a> admitted the outage on Sunday afternoon, attributing “an issue with consensus<\/em>” to the downtime. Canto<\/strong> reassured users that money is safe and indicated that Monday at 12:00 UTC would see an upgrade meant to solve the problem.<\/p>\n

Canto<\/strong> said last year that it intended to become a Layer-2 network and migrate to Ethereum, but the blockchain later turned around and decided to be an L1.<\/p>\n

DefiLlama data shows that Canto<\/strong>, whose trade activity surged in January 2023, has subsequently dropped to rank as the 78th largest blockchain by total value locked (TVL).<\/p>\n

What is Canto?<\/h2>\n

Complementing the Ethereum Virtual Machine (EVM), Canto<\/strong> is a permissionless, general-purpose layer-one blockchain.<\/p>\n

It centers on DeFi and developing a new system for freely distributed, transparent, decentralized, and open financial institutions. Operating on a proof-of-stake (PoS) consensus method, Canto<\/strong> is a fork of Evmos, another very scalable, high-throughput blockchain. Built atop the Tendermint Core Byzantine Fault Tolerance (BFT) consensus mechanism, both feature the Cosmos software development kit (SDK).<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Layer 1 blockchain derived from Cosmos Block Explorers reports that Canto had an outage on Saturday following its “Callisto” upgrade, which brought the mainnet down at roughly 18:43 UTC. Since the downtime, fresh transactions have not been processed by the blockchain. Canto’s X account admitted the outage on Sunday afternoon, attributing “an issue with consensus”<\/p>\n","protected":false},"author":6,"featured_media":26514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3915,4944],"class_list":["post-26513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-canto","tag-canto-blockchain"],"yoast_head":"\nCanto Blockchain Faces Outage Post-Callisto Upgrade - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/canto-blockchain-faces-outage-post-callisto-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canto Blockchain Faces Outage Post-Callisto Upgrade - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Layer 1 blockchain derived from Cosmos Block Explorers reports that Canto had an outage on Saturday following its “Callisto” upgrade, which brought the mainnet down at roughly 18:43 UTC. 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