Canto Blockchain Faces 33-Hour Outage, Reassures Users of No Fund Losses
Sunday, 11 August 2024, 22:50
Canto Blockchain's Outage Explained
Canto, a Cosmos-based L1 blockchain, faced a significant 33-hour outage due to an issue with its consensus mechanism. Users can rest assured knowing that no funds were stolen during this downtime. The development team has announced a fix expected to be implemented today at 12:00 UTC.
Impact of the Outage on Users
- Affected services during the outage included transaction processing and dApp functionality.
- User trust remains a priority as the development team communicates transparently.
- Market fluctuations were minimal, indicating resilience.
Canto continues to innovate in the blockchain space, and regular updates will provide reassurance to its community.
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.