The Canto blockchain faced an outage due to a consensus issue post its Callisto upgrade.
Native token CANTO has surged by over 16.76% after a sharp decline.
Cosmos-based Layer-1 blockchain, Canto, has experienced a notable network outage over the weekend due to a critical “consensus issue” in their blockchain. As part of resolving the issue, Canto has scheduled an upgrade aimed at addressing the problem today.
The outage was followed by the “Callisto” software upgrade. This resulted in the halt of all transactions on the network. The team assures that the users’ funds are safe despite the outage, the chain will resume quickly, and users will be able to access all operations as usual, as stated in Canto’s X post.
Canto has remained as the L1 blockchain after it announced its plans to merge with the Ethereum ecosystem as a Layer-2 solution last year. This incident had an impact on it’s native token CANTO.
Will Canto Decline Shortly?
Initially, CANTO exp
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