{"id":16015,"date":"2024-08-12T11:55:56","date_gmt":"2024-08-12T08:55:56","guid":{"rendered":"https:\/\/forklog.com\/en\/canto-blockchain-experiences-two-day-outage\/"},"modified":"2024-08-12T11:55:56","modified_gmt":"2024-08-12T08:55:56","slug":"canto-blockchain-experiences-two-day-outage","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/canto-blockchain-experiences-two-day-outage\/","title":{"rendered":"Canto Blockchain Experiences Two-Day Outage"},"content":{"rendered":"<p>The EVM-compatible blockchain Canto, with a focus on DeFi, ceased operations on Saturday, August 10, due to a &#8220;consensus issue,&#8221; according to the project&#8217;s developers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Canto chain is currently experiencing an issue with consensus that has caused the chain to halt.<\/p>\n<p>An upgrade to address this issue will be carried out on Monday, August 12 UTC 12:00.<\/p>\n<p>All funds are safe. Once the chain resumes, users will be able to access all activities as\u2026<\/p>\n<p>\u2014 Canto (@CantoPublic) <a href=\"https:\/\/twitter.com\/CantoPublic\/status\/1822733054689026460?ref_src=twsrc%5Etfw\">August 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Data from <a href=\"https:\/\/etherscan.io\/token\/0x56c03b8c4fa80ba37f5a7b60caaaef749bb5b220\">Etherscan<\/a> shows that on August 10, the network processed three transactions. Since then, no activity has been observed.<\/p>\n<p>The team promised to present an update to resolve this issue on August 12 at 12:00 UTC (15:00 Kyiv\/MSK).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;All funds are safe. Once the network resumes, users will be able to access all activities as usual,&#8221; the developers added.<\/p>\n<\/blockquote>\n<p>The native token CANTO initially fell by 21%, then <a href=\"https:\/\/www.coingecko.com\/en\/coins\/canto\">recovered<\/a> over the weekend.<\/p>\n<p>The network experienced explosive growth following its launch in August 2023. In March 2024, the project&#8217;s <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> exceeded $200 million.<\/p>\n<p>At the time of writing, the figure had decreased to $13.69 million, according to <a href=\"https:\/\/defillama.com\/chain\/Canto?volume=false\">DeFi Llama<\/a>.\u00a0<\/p>\n<p>Back in September 2023, Canto developers announced plans to transform it into an Ethereum L2 solution based on zero-knowledge proofs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EVM-compatible blockchain Canto, with a focus on DeFi, ceased operations on Saturday, August 10, due to a &#8220;consensus issue,&#8221; according to the project&#8217;s developers. Canto chain is currently experiencing an issue with consensus that has caused the chain to halt. An upgrade to address this issue will be carried out on Monday, August 12 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1301,275],"class_list":["post-16015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-blockchain-vulnerabilities","tag-consensus"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16015"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16014"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}