The Canto blockchain network faced a significant disruption when it halted block production at block 10,847,516, as reported by Canto Explorer. In an Aug. 12 X post, the project acknowledged an “issue with consensus,” adding that an upgrade to resolve the problem was in the works.
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 UTC 12:00.
All funds are safe. Once the chain resumes, users will be able to access all activities as…
— Canto (@CantoPublic) August 11, 2024
Consensus mechanisms are vital in blockchain networks, ensuring the authenticity of transactions and maintaining a consistent and accurate record across the network, thus preventing fraud and double-spending. However, the exact cause of the outage remains undisclosed by Canto, although the project assured users that all funds were secure and would be accessible once block production resumes.
The outage occurred shortly after the network was scheduled to implement the Callisto upgrade at 14:30 UTC on Aug. 9. This upgrade was intended to enhance block production times and marked the first in a series of updates aimed at improving the network’s efficiency. As of now, it’s unclear whether the upgrade was fully implemented or if it contributed to the ongoing issues.
The Callisto upgrade proposal has been accepted and will be happening tomorrow around 14:30 UTC on Friday, but with varying block times there may be a delta of 10 to 15 minutes.
— sonâž• (@abovethebias) August 8, 2024
After a brief resumption of block production on Aug. 12, Canto encountered another halt at block height 10,848,199. This time, the project cited “unforeseen secondary effects,” noting that validators had stopped the network after upgrading to v8. The development team, B-harvest, is actively working on version 8.1.0 of the validator protocol, a critical component for validator operations. Block production is expected to resume by the end of the day.
Despite the challenges, CANTO, the network’s native token, saw a 38.2% increase over the past day and a 43% rise over the past week.
Canto, launched in August 2022, had once surpassed $200 million in total value locked (TVL) by March 2023. However, TVL has since dropped to $14.58 million, according to DefiLlama data.
Canto isn’t alone in facing such issues; other networks like Ethereum’s Starknet and Solana have also experienced outages this year, highlighting the ongoing challenges in blockchain network reliability.
