Kanto blamed ‘secondary effects’ as the chain stopped again 90 minutes after the restart
Layer-1 blockchain Kanto appears to have stopped block production after briefly coming back online.
According to Kanto Explorer, the Cosmos-based Layer-1 Blockchain was launched in 2015. August 12th at 12:35 PM UTC started blocking the product. After implementing the proposed fix on August 12, it ran for about 90 minutes before stopping again at block 10,848,199.
To resolve the consensus issue, Kanto filed an “upgrade” on August 12 at 12:00 PM UTC. A consensus mechanism verifies the transaction and lists it on the blockchain and marks it as valid.
In a post on August 12 at 9:30 UTC, Kanto wrote: “Due to unexpected secondary effects caused by proposer priority, validators stopped the network after upgrading to v8.
The core development team says that B-Harvest is now building and testing a new version, v8.1.0, and expects validators to continue producing blocks within 15 hours of X post release.
Validators play a vital role in the functioning of the blockchain, adding new blocks and verifying transactions in proposed blocks.
“Again, all funds are safe. Once the chain resumes, users will be able to access all activities as usual,” Kanto said.
Cointelegraph contacted Canton for further comment and an explanation of the reason for the second outage.
Token price increased despite termination.
Despite the blockchain falling for the second time this week, Kanto Token's price rose on the last day.
CoinMarketCap shows the token's price is currently $0.07, up 80% in the last 24 hours.
The token is 91% away from the all-time high of $0.7236 reached on August 2, 2023.
In the year Launched in August 2022, Kanto bills itself as a permissionless, general-purpose blockchain for decentralized finance (DeFi) applications as well as Ethereum Virtual Machine (EVM) compatibility.
The Canto blockchain has announced plans to migrate to the Ethereum network in September 2023 and become a layer-2 network. However, that decision was reversed in March 2024, and it has remained a Layer-1 blockchain ever since.
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