Cronos, known for its EVM-compatible blockchain, has implemented a key upgrade that reduces block confirmation times to sub-second levels. This significant performance enhancement positions Cronos among the fastest blockchains.
Impact of Cronos Upgrade
The upgrade, which went live on July 3, reduced the average block interval from 5.6 seconds to less than one second. This makes the network one of the top ten fastest in the industry, alongside Solana, Sui, Sei, and Aptos.
Technological Advancements of Cronos
The network is based on Ethermint, allowing for high throughput and interoperability with the Ethereum ecosystem. The upgrade includes innovations like BlockSTM, enabling parallel transaction processing in a single block.
Future Prospects and Plans
According to Mirko Zhao, Head of Product & Engineering at Cronos Labs, this update supports long-term goals for improving performance and enhancing the user experience for DeFi applications.
With the latest update significantly improving speed and responsiveness, Cronos continues to reaffirm its commitment to developing high-performance decentralized finance and artificial intelligence applications.
