Energy Giant EDF Subsidiary Joins Cronos as a Blockchain Validator

As a researcher with a background in energy technology and blockchain, I find Exaion’s decision to join Cronos as a validator an intriguing development. Having recently joined Chiliz Chain as a validator, Exaion, a subsidiary of France’s state-owned energy company EDF, is now part of the pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol.

A French state-owned energy company EDF’s subsidiary has recently joined the validation team on both Cronos, the blockchain created by cryptocurrency exchange Crypto.com, and Chiliz Chain.

Exaion, a company specializing in improving energy efficiency for industries during digital transformations, has become one of 32 validators in Cronos’ open-source Ethereum Virtual Machine (EVM) community. Cronos EVM is compatible with both Ethereum and the Cosmos network, and it relies on a proof-of-authority consensus mechanism.

An EVM (Ethereum Virtual Machine) serves as the software that executes smart contracts within the Ethereum network, acting much like an operating system for a computer. The upkeep and security of the blockchain network are ensured by validators, who authorize transactions and validate smart contracts. By managing a node, they secure rewards.

As an analyst, I can express it this way: My recent addition to Cronos following my involvement with Chiliz underscores the significant attention that a global energy giant is giving to the blockchain sector.