- Exaion joins Cronos as a validator three months after doing the same on Chiliz Chain.
- Validators maintain the operation and security of a blockchain network by authorizing smart contracts and verifying transactions.
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.
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2024-06-20 13:20