Canto blockchain final processed a transaction two days in the past.
Canto, a Cosmos-based Layer 1 blockchain, is within the throes of a two-day outage regardless of its workforce promising to reboot the community.
On Sunday afternoon, Canto’s official X account attributed its downtime to a consensus challenge, which means that nodes are unable to agree on the community’s state.
“Canto chain is at the moment experiencing a difficulty with consensus that has precipitated the chain to halt,” the Canto workforce tweeted. “An improve to deal with this challenge can be carried out on Monday, August 12, at midday UTC. All funds are secure. As soon as the chain resumes, customers will be capable of entry all actions as ordinary.”
Nevertheless, as of 4:00 pm UTC on Aug. 12, Canto hasn’t activated the improve nor has its workforce posted on social media since. Information from Cantoscan reveals Canto final processed transactions at block top 10,847,517 two days in the past.
Regardless of the community outage, CANTO is up 14% within the final 24 hours, buying and selling at $0.043.
Canto launched in August 2022. The community boasts compatibility with the Ethereum Digital Machine (EVM), which means functions constructed for the Ethereum ecosystem can simply port their code over to Canto.
In response to DeFiLlama, Canto’s TVL is at $12.74 million, down 94% from its March 2023 all-time highs of $204 million.
In September 2023, Canto introduced plans to migrate to Ethereum and grow to be a Layer 2 community utilizing Polygon’s Chain Improvement Equipment (CDK). Nevertheless, Canto deserted its deliberate Layer 2 migration in March.
Canto’s workforce didn’t reply to The Defiant’s request to remark on the time of publication.
