Brings its Ethereum Virtual Machine Chain Testnet into Service July 21, 2021 July 21, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 21, 2021 by Kelly Cromley Brings its Ethereum Virtual Machine Chain Testnet into Service

The chain testnet has now become operational, letting Ethereum-based applications to migrate to its network of chains that are interoperable with the Ethereum Virtual Machine. said on Tuesday that the testnet for its Cronos Ethereum Virtual Machine (EVM) chain, which runs concurrently to the chain, has been established.Programmers will be able to migrate ventures from Ethereum and EVM-compatible chains to the platform, allowing consumers more access to DeFi capabilities like smart contracts. CEO and co-founder Kris Marszalek stated, “We will be giving complete assistance for developers developing on Cronos: technical, financing, marketing — whatever you require to bring your vision to life.” “With seamless dapp portability, I am certain that Cronos will witness a surge in interest.”

Cronos will utilize’s in-house coin CRO for transactions. While writing this artilce, the coin was rated 30th out of all digital currencies on CoinMarketCap, with a market value of over $2.5 billion. Developers may profit from startup incubator Particle B’s $100 million investment in ventures adding to the blockchain, according to the firm.

Cronos is fueled by Ethermint, a proof-of-stake chain that is interchangeable with Ethereum and EVM-compatible chains and runs on a proof-of-authority consensus mechanism. The testnet is a free and open source project. boasts to have a customer base of over 10 million individuals after launching on the blockchain mainnet in March. To broaden the scope of its bitcoin credit card, the project rolled out a nonfungible token platform and became a member of the Visa network in 2021.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.