Canto Blockchain Faces Significant Downtime Following Consensus Problem
Monday, 12 August 2024, 07:35
Canto Blockchain Outage Overview
Layer-1 blockchain Canto has been offline since Saturday due to a consensus issue. This downtime has raised serious concerns about the infrastructure and operational stability of the platform.
Impact on CANTO Token
- The CANTO token initially experienced a 21% drop in value.
- Recovery was noted as the situation progressed over the weekend.
Conclusion
This event underscores the vulnerabilities present in blockchain networks. Investors and users alike must be vigilant as Canto works to resolve these issues and restore full functionality.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.