Deniz 
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” to the downtime. Canto reassured users that money is safe and indicated that Monday at 12:00 UTC would see an upgrade meant to solve the problem.
Canto 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.
DefiLlama data shows that Canto, whose trade activity surged in January 2023, has subsequently dropped to rank as the 78th largest blockchain by total value locked (TVL).
What is Canto?
Complementing the Ethereum Virtual Machine (EVM), Canto is a permissionless, general-purpose layer-one blockchain.
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 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).
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