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Canto Spikes by 30% Today Following Initial Outage
Canto, built on the Cosmos blockchain, experienced an outage that halted the chain’s operation. The stoppage occurred after its Callisto upgrade on Saturday.
On August 11, Canto developers announced on their official X page that the chain had a consensus issue, which affected its operation. They calmed the situation by announcing that an upgrade to address the issue would be carried out on Monday, August 12 at 12:00 UTC.
The developers, in response to the fear, uncertainty, and doubt that might have arisen because of the operational stoppage, assured their users that their funds were safe and would be accessible for user operations as soon as the chain resumed.
Canto Price Action Remains Positive Short-Term, Sees Double-Digit Increase
The price of the CANTO token fell on Sunday by 11%, following the news; before that, it had been trading sideways since Tuesday, August 6. However, it has risen more than 30% to
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