On July 3, Cronos, a Web3 blockchain supported by Crypto.com, finished a major upgrade to its EVM mainnet. The update reduces block time from about 5.6 seconds to below 1 2d, deal improving the bustle and responsiveness of the network.
With this upgrade, Cronos enters the sub-2d block time fluctuate, positioning itself among the ten quickest blockchains for on-chain finality. The sooner network is expected to toughen extra atmosphere pleasant decentralized applications, notably in areas like DeFi, payments, and AI.
The performance development is conceivable because of the latest scalability aspects, including BlockSTM, a parallel transaction execution engine presented within the Pallene upgrade. This permits extra than one transactions to be processed at the identical time, boosting throughput and lowering latency.
Cronos has persisted expanding into exact-world consume situations. In partnership with Crypto.com, it grew to was the first blockchain to toughen order crypto funding of prepaid playing cards. A characteristic known as Auto-Harvest lets users routinely convert DeFi rewards into fiat for card top-ups. These inclinations goal to pork up consumer experience, toughen excessive-frequency blockchain applications, and join on-chain process with day after day monetary instruments.
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