Cronos Labs launches new layer 2 network, “Cronos zkEVM”, based on Matter Labs software, expanding the Ethereum ecosystem.
Cronos zkEVM testnet will drive cryptocurrency innovation, with support from Crypto.com, planning mainnet launch in Q2 2024.
Cronos Labs, the brains behind the Cronos blockchain, has just announced the launch of a new layer 2 network. Best of all, this launch joins the growing trend of second-layer projects in the mainstream Ethereum ecosystem.
The New “Cronos zkEVM” Blockchain
The new “Cronos zkEVM” chain is initially launched as a test network. What does this mean? Well, it is based on Matter Labs’ software tools, which are essential for creating new layer 2 and layer 3 chains, also known as “hyperchains”, on top of Ethereum. It’s a giant step towards innovation and efficiency.
Power and Collaboration Behind the Project
This test network is powered by zkSync’s ZK Stack software kit, developed primarily by Matter Labs. It will add a new chai
