Cronos, a leading blockchain ecosystem that integrates with Ethereum (ETH) and Cosmos, has announced a new partnership with Exaion, a subsidiary of EDF, the largest electricity supplier in Europe, according to the latest information shared with Finbold on June 20.
With the new partnership, Exaion will join Cronos’ Ethereum Virtual Machine (EVM) network as one of 32 validator nodes and further illustrate its commitment to the stability and security of the network.
Ken Timsit, Managing Director of Cronos Labs, a blockchain startup accelerator for decentralized finance (DeFi) projects, blockchain games and Cronos development, shared his thoughts on the partnership, saying:
“The Cronos ecosystem brings together crypto-native developers and communities with mainstream users and established enterprises. The partnership with Exaion is a strategic development that increases Cronos brand recognition, brings new talent and expertise to the ecosystem and strengthens Cronos’ participation in the French blockchain community.”
Cronos validator nodes
Cronos validator nodes are essential for decentralized transaction validation, with new blocks being produced and confirmed approximately every five to six seconds.
As a validator node, Exaion will also have a say in network management and network update approvals.
Fatih Balyeli, CEO of Exaion, expressed his excitement about the partnership and highlighted the role Cronos plays in DeFi and Web3:
“We are impressed by 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 we support as validators, along with Avalanche, Bitcoin, Ethereum, EWF, Starknet, Tezos, Polkadot, Moonbeam and Polygon.”
The new partnership aligns with Cronos’ strategy to work with open source contributors and validators known for their strong technical capabilities.
Currently, the Cronos ecosystem includes esteemed contributors such as Crypto.com, Blockdaemon, and Allnodes