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Exaion, which helps industries with digital transformation by focusing on addressing the energy efficiency of data centers, joins a pool of 32 validators on Cronos' open-source Ethereum Virtual Machine (EVM) protocol. Cronos EVM interoperates with Ethereum and the Cosmos network and uses a proof-of-authority consensus mechanism.
An EVM is smart contract-executing software that powers the Ethereum protocol, comparable to a computer's operating system. Validators maintain the operation and security of a blockchain network by authorizing smart contracts and verifying transactions. They do this by running a node and receiving revenue in return.
Joining Cronos so soon after Chiliz further demonstrates the interest that one of the world's largest energy companies is taking in the blockchain industry.
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Edited by Sheldon Reback.