Latest News by The ecosystem behind Cronos (CRO) has rolled out lightpaper version 1.0 for their new implementation, a powerful Zero-Knowledge Layer 2 blockchain operating on the Ethereum mainnet. The testnet is expected to launch soon, leading up to the mainnet release in June 2024. Victoria d'Este The Cronos zkEVM aims to enable a transition of liquidity from centralized exchanges to a decentralized, on-chain landscape. By addressing various DeFi concerns, it presents innovative solutions for issues like liquidity fragmentation and complexities related to yield generation.

The platform aspires to create shared liquidity through trustless bridges, simplifying income through native yield-generating assets, and improving user experiences with account abstraction. These combined efforts are set to cultivate a future characterized by a unified liquidity framework, opportunities for passive income, and more straightforward wallet management.

Positioned at the cutting edge of Layer 2 technology, Cronos zkEVM emphasizes modular data availability to boost transaction speeds while cutting costs, all the while ensuring top-notch security.

We're excited to announce the release of version 1.0 of our lightpaper today, focusing on zkEVM as a zero-knowledge Layer 2 solution on Ethereum. April 28, 2025 ⏩️ Enhancing scalability and facilitating modular data availability.

by Victoria d'Este 💧 The network stands out with a shared liquidity model that allows for smoother interactions among hyperchains, tackling issues of liquidity fragmentation, while offering yield-generating assets that passively produce rewards, and introducing native account abstraction for a more fluid transaction flow and enhanced user experience.

The Cronos Blockchain is pushing the boundaries of DeFi, Metaverse innovations, and the overall Web3 space.

Built upon the ZK Stack framework, Cronos zkEVM is designed as a Layer 2 solution in synergy with the existing Cronos blockchain (an EVM Layer 1), taking advantage of the security features offered by the Ethereum network.

April 28, 2025 by

Alisa Davidson April 28, 2025

For the mainnet, Cronos zkEVM will utilize zkCRO, a version of CRO that generates yield, thereby enhancing the functionality of CRO and effectively tapping into its substantial community of over 80 million CROFam members.

With a focus on addressing pivotal challenges and laying the groundwork for sustainable growth and wider adoption, the introduction of Cronos zkEVM signifies a strategic advancement in the DeFi landscape.

by Alisa Davidson This blockchain network integrates effortlessly with both the Cosmos and Ethereum ecosystems, catering to various sectors including the Metaverse, DeFi, Web3 gaming, and non-fungible tokens (NFTs). Powered by Ethermint, the Cronos blockchain enables developers to quickly migrate their applications and smart contracts from Ethereum and other EVM-compatible networks.

Ranked 11th among the top 20 blockchain projects across the leading networks, to date, it boasts a Total Value Locked (TVL) of approximately $355 million, according to Messari.

The upcoming launch of Cronos zkEVM and its mainnet is poised to redefine the DeFi sector, tackling essential challenges and supporting ongoing growth in this rapidly changing space.

April 28, 2025 It’s crucial to remember that the information presented here is not meant to serve as legal, tax, investment, financial, or other forms of advice. Always invest what you can afford to lose, and consider seeking independent financial guidance if needed. For additional details, we encourage you to review the terms and conditions, along with support and help resources provided by the issuer or advertiser. At MetaversePost, we are dedicated to delivering accurate and unbiased reporting, but market conditions can change unexpectedly.

Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrencies, zero-knowledge proofs, investments, and the vast realm of Web3. With a sharp eye for new trends and technologies, she provides thorough coverage to educate and engage readers in the constantly evolving digital finance domain.

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