The Good Tech Companies - LayerZero Integrates with Cronos EVM and zkEVM, Connecting 115+ Blockchains

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Layer Zero integrates with Kronos EVM and ZK EVM, connecting 115 plus blockchains. By Ashan Pandey, Kronos Labs and Layer Zero announced the integration of Layer Zero cross-blockchain interoperability protocol into Kronos EVM and Kronos ZK EVM. This includes both mainnet and testnet networks so that developers can create bridges and applications that link Kronos to over 115 blockchains supported by Layer 0, including Ethereum and Solana. It is a protocol that enables the transfer of assets and data across different blockchain networks, and this integration means that Kronos users can

Starting point is 00:00:42 get the best from many blockchains in terms of liquidity and functionality for different dApps. Kronos EVM, built on the Cosmos SDK, enables the transfer of assets between the Cosmos ecosystem and many EVM-compatible blockchains. The integration is achieved through the Inter-Blockchain Communication protocol, which is the cross-chain communication standard in the Cosmos ecosystem. This means that assets can be sent from Kronos to other blockchains and vice versa without the need for intermediaries. On the other hand, Kronos ZKEVM is a layer 2 solution that focuses on improving throughput and reducing transaction time. As the first elastic chain to go live on the mainnet after ZKSYN Sierra, Kronos ZKEVM

Starting point is 00:01:26 improves the cross-chain transfer times because it shares Ethereum bridges with several elastic chains. It also works with many Layer 1 and Layer 2 networks. The CEO of Kronos Labs, Ken Timsett, commented on the need for cross-chain connectivity. He pointed out that the problem of fragmentation in the crypto industry is a major issue that poses a threat to security and liquidity. According to Timsit, the integration with Layer Zero is a strategic move to solve these problems, as more connection between crypto projects and traditional financial systems is expected in 2025. Brian Pellegrino, the CEO of Layer Zero Labs, on the inclusion of Kronos ZKEV Minto the Layer Zero

Starting point is 00:02:07 network. He said that interoperability is the process of connecting different types of chains and Kronos ZKEVM is another good contribution in this regard. Pellegrino highlighted the potential of the opportunities that this collaboration will bring. Currently, the cross-blockchain features provided by Layer 0 are available to developers only. End-users will find these features implemented as third-party links on Kronos' official bridge portals. These portals can be accessed at kronos.org slash bridge for Kronos EVM and zkevm.kronos.org slash bridge for Kronos ZKEVM. In the coming weeks, users will be able to send

Starting point is 00:02:45 Kro and ZK CRO tokens via new token bridging services. Kronos Labs is ready to help developers to use these tools. Apart from token bridging, the focus is also on supporting decentralized applications that can benefit from Layer Zero's technology. Possible use cases are cross-chain prediction markets, tokenization of real-world assets, synthetic asset trading platforms, cross-chain lending protocols and liquid staking protocols. The partnership between Kronos and Layer 0 is a step towards the further revolution of interconnectedness in the blockchain world. Therefore, the integration of Kronos with a multitude of blockchains is meant to improve the functionality and availability of DAPPs and provide users with more choices and possibilities when it

Starting point is 00:03:29 comes to the management of their digital assets. Final thoughts. The integration of Layer 0 with Kronos EVM and ZK EVM is a major enhancement in the cross-chain interoperability. This partnership solves some of the biggest issues in the crypto industry, such as fragmentation and liquidity, by enabling connection with more than 115 blockchain networks. When these new bridging options are started to be used by the developers, the ecosystem is likely to experience new and exciting apps that can run on many different blockchains' ATONs. This move not only improves the value of the Kronos network but also fosters the growth of the larger goal of network but also fosters the growth of

Starting point is 00:04:05 the larger goal of a more integrated and effective blockchain world. 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 Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.

The Good Tech Companies - LayerZero Integrates with Cronos EVM and zkEVM, Connecting 115+ Blockchains

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