Cronos Reduces Block Time to Under One Second with Major Mainnet Upgrade
On July 3, Cronos, a Web3 blockchain supported by Crypto.com, accomplished a serious improve to its EVM mainnet. The replace reduces block time from about 5.6 seconds to below 1 second, considerably enhancing the velocity and responsiveness of the community.
With this improve, Cronos enters the sub-second block time vary, positioning itself among the many ten quickest blockchains for on-chain finality. The quicker community is predicted to help extra environment friendly decentralized purposes, notably in areas like DeFi, funds, and AI.
The efficiency enchancment is feasible attributable to current scalability options, together with BlockSTM, a parallel transaction execution engine launched within the Pallene improve. This permits a number of transactions to be processed on the similar time, boosting throughput and decreasing latency.
Cronos has continued increasing into real-world use circumstances. In partnership with Crypto.com, it turned the primary blockchain to help direct crypto funding of pay as you go playing cards. A characteristic known as Auto-Harvest lets customers routinely convert DeFi rewards into fiat for card top-ups. These developments purpose to enhance consumer expertise, help high-frequency blockchain purposes, and join on-chain exercise with on a regular basis monetary instruments.
Picture: Freepik
