Cronos (CRO) Welcomes Exaion, EDF Subsidiary, as New Validator
Felix Pinkston Jun 20, 2024 14:21
Cronos (CRO) partners with Exaion, a subsidiary of Europe's largest electricity group EDF, to enhance network stability and security as a new validator.
Cronos (CRO), a prominent blockchain ecosystem that operates with Ethereum and Cosmos, has announced its latest partnership with Exaion, a subsidiary of EDF, Europe's largest electricity group. According to Cronos, this collaboration will see Exaion join the Cronos EVM network as a validator node, furthering its commitment to engaging with leading blockchain protocols.
Exaion Joins Cronos as Validator
Exaion's integration into the Cronos network marks a significant step in enhancing the stability and security of the blockchain. By becoming one of the 32 validators on the open-source Cronos EVM protocol, Exaion will play a crucial role in the decentralized validation of transactions. Validators are responsible for producing or confirming new blocks approximately every five to six seconds, contributing to both governance and network updates.
This partnership aligns with Cronos' strategy of collaborating with open-source contributors and validators recognized for their technical expertise. Other notable contributors to the Cronos ecosystem include Crypto.com, Blockdaemon, and Allnodes.
Strategic Development and Community Impact
Ken Timsit, Managing Director of Cronos Labs, emphasized the significance of this partnership, stating, "The Cronos ecosystem brings crypto-native developers and communities together with mainstream users and established enterprises. The partnership with Exaion is a strategic development that enhances Cronos' brand recognition, brings new talent and expertise into the ecosystem, and strengthens Cronos' participation in the French blockchain community."
Fatih Balyeli, CEO of Exaion, also shared his enthusiasm: "We have been impressed with the technical depth of Cronos developers and the enthusiasm of the Cronos user community around use cases such as decentralized finance, NFTs, and Web3 gaming. Cronos is a worthy addition to the list of select blockchain protocols that we support as validators, together with Avalanche, Bitcoin, Ethereum, EWF, Starknet, Tezos, Polkadot, Moonbeam, and Polygon."
About Cronos
Cronos is a leading blockchain ecosystem that has partnered with Crypto.com and over 500 application developers and contributors, representing an addressable user base of more than 100 million people globally. Cronos' mission is to facilitate the adoption of self-custody in Web3, focusing on Decentralized Finance and Gaming.
The Cronos universe encompasses three chains: Cronos EVM, an Ethereum-compatible blockchain built on Cosmos SDK; Cronos POS, a Cosmos chain for payments and NFTs; and Cronos zkEVM, a high-performance layer 2 network secured by Ethereum. Cronos is among the top 15 blockchain ecosystems, managing over $6 billion in user assets and having settled more than 150 million transactions since its inception.
About Exaion
Exaion, founded in 2020 by Fatih Balyeli and Laurent Bernou-Mazars, is a subsidiary of the EDF Group. The company supports industries in their digital transformation with a responsible and sustainable approach, including upgrading old supercomputers, using decarbonized electricity, and recovering waste heat. Exaion's mission focuses on data processing acceleration, security, and user access control. Exaion Inc., its Montreal-based subsidiary, serves North American stakeholders. More information can be found on their official website.
For further details, visit the official announcement.
Image source: Shutterstock