CandleFocus Cronos EVM introduces Pallene upgrade with up to 600x faster transaction speed
2024-12-12
Author: Content Editor
Cronos, a blockchain ecosystem that interoperates between Ethereum and Cosmos, has announced the Pallene upgrade, which increases transaction speed by up to 600 times. The upgrade implements Block-STM technology, allowing parallel transactions within a single block and enabling the network to handle up to 60,000 transactions per second. The upgrade also introduces improved processing optimization and cross-chain connectivity. The upgrade positions Cronos for next-gen blockchain applications and prepares it for decentralized finance, Web3 gaming, and AI-powered experiences. The goal is to support the rapid evolution of AI agents and other emerging use cases.
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