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Cronos Onboards Exaion as A Validator

 Cronos, the prominent blockchain ecosystem that interoperates with Ethereum and Cosmos, has announced its latest partnership with Exaion, a subsidiary of EDF, Europe’s largest electricity group, known for providing responsible digital services. This partnership will see Exaion become part of the Cronos EVM network as a validator node, aligning with its goal to engage with the world’s leading blockchain protocols.

Exaion is joining a pool of 32 validators on the open-source Cronos EVM protocol, contributing to the stability and security of the network. Nodes are crucial to the decentralized validation of transactions on the network, by producing or confirming new blocks every five to six seconds on average. As a validator, Exaion will also contribute to the governance of the blockchain and the approval of network updates. 

The addition of Exaion is consistent with Cronos’ strategy of partnering with open-source contributors and validators known for their robust technical expertise. Contributors to the Cronos ecosystem include Crypto.com, Blockdaemon, Allnodes, and a number of top-tier validators.

Ken Timsit, Managing Director of Cronos Labs, the blockchain startup accelerator focusing on decentralized finance, blockchain games, and the development of the Cronos ecosystem, commented: “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, added: “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 (cronos.org) is a leading blockchain ecosystem that has partnered with Crypto.com and more than 500 application developers and contributors representing an addressable user base of more than a hundred million people around the world. Cronos’ mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.

The Cronos universe encompasses 3 chains: Cronos EVM, the leading Ethereum-compatible blockchain built on Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network secured by Ethereum.

Cronos ranks among the top 15 blockchain ecosystems, encompassing more than 6 billion dollars of user assets. Since inception, it has securely settled more than 150 million transactions.

About Exaion

Exaion, a subsidiary of the EDF Group, was co-founded in 2020 by Fatih Balyeli and Laurent Bernou-Mazars, who became respectively its CEO and CTO. Aligned with the Group’s raison d’être, Exaion supports industries in their digital transformation with a responsible and sustainable approach: upgrading old supercomputers, using largely decarbonized electricity, and recovering waste heat. Its mission revolves around data: accelerating its processing, ensuring its security, and facilitating access and control for users. Its experts develop efficient, innovative and sovereign solutions and services. Exaion Inc., its subsidiary based in Montreal, Canada, serves the needs of North American stakeholders. For further information: www.exaion.com.