Shortly after doing the same on Chiliz Chain, a division of the state-owned energy corporation of France, EDF, has joined Cronos, the blockchain network created by cryptocurrency exchange Crypto.com, as a validator.
Joining a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol, Exaion assists companies with digital transformation by addressing the energy efficiency of data centres. Cronos EVM uses a proof-of-authority consensus process and is compatible with Ethereum and the Cosmos network.
The Ethereum protocol is driven by smart contract-executing software, or EVMs, which are similar to an operating system on a computer. By approving smart contracts and confirming transactions, validators uphold the functionality and safety of a blockchain network. By operating a node and getting paid for it, they accomplish this. One of the biggest energy firms in the world is showing interest in the blockchain space by joining Cronos so soon after Chiliz.