Canto Chain

On August 10, 2024, the Canto blockchain experienced a major disruption causing all network activity and transactions to halt. Read more here!

  CANTO Price Drops Drastically: Canto Blockchain Disruption Revealed

<img src="https://static.bittime.com/cms-static/upload/Harga_CANTO_Anjlok_Drastis_Gangguan_Blockchain_Canto_Terungkap_1_392e47c308.webp" alt="Harga CANTO Anjlok Drastis Gangguan Blockchain Canto Terungkap.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> –&nbsp;On August 10, 2024, the Canto blockchain, which is a Cosmos-based Layer-1 network, experienced a major outage that caused all network activity to halt.&nbsp;This disruption resulted in a halt in transactions across the ecosystem, with data from Cantoscan showing that the last transaction occurred at block height 10847517. This incident directly affected the price of CANTO as well as the DeFi ecosystem that relies on this network.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Details of the Canto Blockchain Disruption and Its Impact</h2>According to the development team, this issue is caused by the consensus mechanism not working properly. Consensus mechanisms play an important role in validating transactions and maintaining the security of blockchain networks.&nbsp;Even though this disruption is quite severe, the development team ensures that user funds remain protected. To overcome this problem, a network upgrade plan has been scheduled for August 12 2024. After the upgrade, all functions on the network are expected to return to normal.This disruption caused the CANTO token price to drop drastically to reach $0.036. However, after the announcement of the improvement plan, CANTO token price recovered to $0.045, registering an increase of 13.5% within 24 hours.&nbsp;However, the Canto team has not provided a detailed explanation regarding the cause of the disturbance.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/rasio-minting-bitcoin-meningkat-saat-harga-bitcoin-turun">Bitcoin Mining Ratio Increases When Bitcoin Price Falls</a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Impact of Disruptions on Canto's DeFi Ecosystem</h2>Apart from affecting the price of CANTO tokens, this disruption also has an impact on the DeFi ecosystem on the Canto blockchain. Data from DefiLlama shows a decrease in total value locked (TVL) on DeFi platform Canto from $16.34 million on August 10 to $15.61 million on August 12.&nbsp;Canto, which launched in August 2022, was initially known for its comprehensive DeFi services, such as lending, staking, and liquidity provision.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a>The platform previously planned to be a Layer-2 solution in the Ethereum ecosystem, but those plans were scrapped in March 2024, and Canto now operates as a Layer-1 network.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">What Should Canto Users Know About This Disorder?</h2>Here are some important things that Canto users need to pay attention to:<ul><li>Funds remain safe even if disturbances occur.</li><li>The network upgrade is scheduled to take place on August 12, 2024.</li><li>Normal activities are expected to resume after the upgrade.</li><li>CANTO token price showed a quick recovery after the fix announcement.</li></ul>Although the Canto team has provided guarantees regarding the security of funds and repair plans, a more in-depth explanation regarding the problems that occurred is still awaited. Users and investors are advised to continue monitoring the latest developments and remain alert to possible further changes in the Canto ecosystem.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

Harga CANTO Anjlok Drastis Gangguan Blockchain Canto Terungkap.webp

thumbnail_Harga CANTO Anjlok Drastis Gangguan Blockchain Canto Terungkap (1).webp

Harga CANTO Anjlok Drastis Gangguan Blockchain Canto Terungkap (1).webp

Canto Chain experienced operational disruptions due to consensus issues. Read this article to find out more!

Canto Chain is Experiencing Consensus Issues

<img src="https://static.bittime.com/cms-static/upload/Canto_Chain_is_Experiencing_Consensus_Issues_39bcb563c5.webp" alt="Canto Chain is Experiencing Consensus Issues" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> - Canto Chain experienced operational disruption due to consensus issues that caused the network to temporarily stop operating. Read this article to find out the full news!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Consensus Problem on Canto Chain</h2>On August 8, 2024, Canto Chain officially announced that their network was experiencing consensus issues.&nbsp;Consensus is an important process in a blockchain network that allows all nodes or network participants to reach an agreement regarding the current state of the ledger.&nbsp;Consensus issues can cause serious disruptions, as happened with Canto Chain, resulting in the entire network being forced to temporarily shut down.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/terra-upgrade-jaringan-malam-ini">Terra Network Upgrade, Transactions Temporarily Suspended</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Canto Chain System Upgrade Plan</h2>Canto Chain's technical team has planned a system upgrade which will be carried out today at 12:00 UTC+7. This system upgrade is expected to overcome consensus problems and allow the network to return to normal operations.Canto Chain officials confirmed that all user funds are safe and not affected by this technical problem. Canto Chain also ensures that once the upgrade is complete, all activity on the network will be accessible as usual.&nbsp;So, Canto Chain users don't need to worry about the security of their assets and can continue transactions and interactions with the network after the upgrade process is complete.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">The Importance of Consensus in Blockchain</h2>The consensus issues faced by Canto Chain highlight how important consensus mechanisms are in blockchain networks. Consensus ensures that all transactions occurring in the network are valid and approved by the majority of nodes. Without a strong consensus, the integrity and security of the network can be threatened.Other blockchain networks are also not immune to consensus problems. Several well-known networks such as Ethereum and Bitcoin have experienced similar issues, but were able to fix these problems through system upgrades and upgrades.&nbsp;In this way, the system upgrade that Canto Chain will carry out is the right action to ensure the sustainability and stability of the Canto Chain network.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/well3-akan-bakar-token-well">WELL3 will Burn 1.05 Billion WELL, Compensating for Technical Issues During TGE</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

CANTO Price Drops Drastically: Canto Blockchain Disruption Revealed

Canto Chain is Experiencing Consensus Issues, System Upgrade Today at 12.00 UTC+7!