Exaion, subsidiary of France's EDF, joins Cronos as a validator after being a validator on Chiliz Chain. Validators maintain network operation, security, and earn revenue by authorizing smart contracts and validating transactions.
Cronos EVM, with 32 validators, interoperates with Ethereum and Cosmos networks, using proof-of-authority consensus mechanism. Exaion aims to address data center energy efficiency in industries through digital transformation.
Validators play a critical role in blockchain networks by authorizing smart contracts, verifying transactions, and ensuring network security. Exaion's swift move from Chiliz Chain to Cronos reflects growing energy company interest in blockchain.
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