The Good Tech Companies - Exaion, Subsidiary of Europe's Largest Electricity Group, Joins Cronos Network as Validator

Episode Date: June 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/exaion-subsidiary-of-europes-largest-electricity-group-joins-cronos-network-as-validator. Exaion, a subsidiary of EDF, has announced its partnership with Cronos. Check more stories related to cybersecurity at: https://hackernoon.com/c/cybersecurity. You can also check exclusive content about #blockchain-security, #exaion, #web3-gaming, #cronos-blockchain, #blockchain-adoption, #distributed-ledger-technology, #cronos-network, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Exaion, a subsidiary of EDF, has announced its partnership with Cronos. Exaion will be joining Cronos as a validator node, contributing to the stability and security of the network. By joining forces with reputable companies, Cronos is positioning itself as a leading blockchain ecosystem.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Exeon, subsidiary of Europe's largest electricity group, joins Kronos Network as validator. By Ashan Pandey. Exeon, a subsidiary of EDF, Europe's largest electricity group, has announced a partnership with Kronos, a prominent blockchain ecosystem. Exeon will be joining Kronos as a validator node, contributing to the stability and security of the network. This collaboration brings together Exeon's expertise in providing responsible digital services and Kronos' innovative blockchain technology. Validator nodes play a crucial role in the decentralized validation of transactions on a blockchain network.

They are responsible for producing or confirming new blocks at regular intervals, ensuring the smooth operation of the network. In the case of Kronos, validators produce or confirm new blocks every 5 to 6 seconds on average. By joining Kronos as a validator, Exaon will actively participate in the governance of the blockchain and the approval of network updates. The addition of Exaon as a validator aligns with Kronos' strategy of partnering with open-source contributors and validators known for their robust technical expertise. Kronos has already collaborated with notable contributors such as Crypto, Com, Blockdaemon, Allnodes, and several top-tier validators. This approach ensures that the Kronos ecosystem benefits from a diverse range of expertise and strengthens its position in the blockchain industry. Ken Timsett,

Managing Director of Kronos Labs, highlighted the significance of the partnership with Exxon. He emphasized that the collaboration will enhance Kronos' brand recognition, attract new talent and expertise to the ecosystem, and strengthen Kronos' participation in the French blockchain community. This partnership demonstrates Kronos' commitment to fostering a vibrant and diverse ecosystem that brings together crypto-native developers, mainstream users, and established enterprises. Fadi Balielli, CEO of Exxon, expressed his admiration for the technical depth of Kronos' developers and the enthusiasm of the Kronos user community. Acknowledged Kronos focus on decentralized finance, NFTs, and Web3 gaming, recognizing the ecosystem's potential. Exxon's decision to support Kronos as a validator,

alongside other prominent blockchain protocols such as Avalanche, Bitcoin, Ethereum, EWF, Starknet, Tezos, Polkadot, Moonbeam, and Polygon, demonstrates its confidence in Kronos' capabilities and future prospects. The partnership between Exxon and Kronos represents a significant milestone for both entities. Exxon's expertise in providing responsible digital services, coupled with its association with EDF, Europe's largest electricity group, brings credibility and resources to the Kronos ecosystem. This collaboration can potentially attract more enterprises and mainstream users to explore the benefits of blockchain technology through Kronos. Exeon's involvement as a validator node strengthens the decentralization and security of the Kronos network. With a diverse set of validators, including reputable companies like Exxon, Kronos ensures

that its network remains resilient and resistant to potential attacks or centralization risks. The partnership also highlights the growing interest in adoption of blockchain technology by established companies. Exxon's decision to support Kronos as a validator, alongside other prominent blockchain protocols, indicates air cognition of the potential and maturity of the blockchain industry. This validation from a subsidiary of a major electricity group can inspire confidence among other enterprises considering blockchain adoption. Final thoughts The collaboration between Exxon and Kronos represents a significant step forward for

the blockchain industry. It demonstrates the increasing convergence of traditional industries with blockchain technology, as established companies like EDF, through its subsidiary Exxon, actively participate in blockchain networks as validators. This partnership not only strengthens the Kronos ecosystem but also sets an example for other enterprises to explore the benefits of blockchain technology. By joining forces with reputable companies like Exxon, Kronos is positioning itself as a leading blockchain ecosystem that can attract mainstream users and enterprises. As the blockchain industry continues to evolve, collaborations like this will play a crucial role in driving adoption, enhancing security, and unlocking the full potential of decentralized technologies. The Exxon Kronos partnership is a testament to the growing maturity and recognition of blockchain technology, and it will be exciting to see how

this collaboration contributes to the future development of the Kronos ecosystem and the wider blockchain industry. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.