**Canto Blockchain Faces Another Halt, Token Price Surges**

Layer-1 blockchain Canto has hit another snag, halting block production shortly after coming back online. The Cosmos-based network resumed operations at 12:35 pm UTC on Aug. 12 but stopped again 90 minutes later due to "unforeseen secondary effects."

Initially, Canto had scheduled an upgrade to fix a consensus issue, crucial for validating transactions. However, the upgrade led to a new problem, causing validators to halt the network. The core team, B-Harvest, is now working on a new version, v8.1.0, expected to be ready in about 15 hours.

Despite the technical hiccups, Canto's token price surged 80% in the last 24 hours, currently at $0.07. This is still 91% below its all-time high of $0.7236 reached in August 2023. Launched in August 2022, Canto aims to support decentralized finance (DeFi) applications and is compatible with Ethereum Virtual Machine (EVM).

Canto reassured users that all funds are safe and normal activities will resume once the chain is back online.