Canto blockchain is having a large network outage right after the upgrade attempt, leading to a halt of the Cosmos-based Layer-1 blockchain. This outage, starting at about 18:43 UTC this past Saturday, makes Canto unable to process any new transactions for more than 28 hours, signifying a critical moment in this blockchain. Canto, PDO, for its part, admitted on their website this Sunday that there had been downtime due to a “consensus issue.” The team has assured users that all funds remain secure, with a release for a corrective upgrade planned for 12:00 UTC on Monday. This article digests all that relates to the Canto outages and it’s implication for the blockchain.
The “Callisto” Upgrade and Its Aftermath
Not long after the highly anticipated upgrade dubbed “Callisto,” the Canto network went down. This upgrade was meant to drive more functionality to the network but resulted in an outage in transaction processing. According to block explorers, the outage began at 18:43 UTC on Saturday, and the Canto blockchain has been out of order since then. The predicament brought to the fore challenges that have been facing implementation, especially for Canto, which was doing everything possible to keep pace in this fiercely competitive landscape for blockchains, with major upgrades on the Layer-1 blockchains.
Community Response and Reassurances
In a response to the downtime, Canto blockchain updated users from its X formerly Twitter account, attributing the downtime to a “consensus issue.” This is an extremely critical aspect of functioning for any blockchain, and it ensures that all participants have consensus on the state of the network. Although the outage has raised huge concerns among many users, Canto is very quick with the reassurance that all funds are safe and efforts to restore the network are in place. It is firm to resolve through the corrective upgrade scheduled for Monday at 12:00 UTC and get the network back online.
In this regard, Canto blockchain really comes back to its core vision as a Layer-1 blockchain; the fact that the network turned around from its intention to migrate to Ethereum as a Layer-2 solution proves this pretty well. It means Canto will find its place in the wider Cosmos landscape. This proves what a push for the development and maintenance of an independent blockchain can mean: even minor software problems can cause huge disturbances.
Looking Ahead: What’s Next for Canto Blockchain?
The Canto outage has really tested the blockchain’s resilience. The result will be instrumental in Canto’s recovery from this blow, especially with Monday’s upgrade geared toward network readiness. It also opened up discussions in the community on the future of the blockchain amid the recent decline in trading activity and total value locked. According to DefiLlama, the TVL rank of the Canto blockchain now dropped to 78, significantly down from its peak in January 2023.
Conclusion: Canto’s Path Forward After the Outage
The current outage thus serves as a critical moment in the efforts Canto blockchain is making towards regaining normality and winning back user confidence. The upcoming upgrade slated for Monday is likely to fix the consensus issue that led to the downtime. However, this incident has opened a Pandora box of thought about the long-term viability of the network, as Canto increases competition in blockchain activities. A steep decline in the total value locked and trading activity on the blockchain has taken place over the past few months. This increases the pressure on the team to find a successful resolution. The swiftness and effectiveness that Canto will carry out in this regard will define the future of the blockchain. The result will likely play a very big role, considering that everyone’s eyes are on the community in settling its standing in the wider blockchain ecosystem. Follow Canto’s upgrade and other related news from DeyThere.
