Cronos connects to 115 blockchains via LayerZero
The post Cronos connects to 115 blockchains via LayerZero appeared on BitcoinEthereumNews.com.
Cronos, the decentralized blockchain developed by Crypto.com, has integrated interoperability protocol LayerZero, enabling cross-chain communication with over 115 blockchain networks. On Jan. 31, Cronos Labs announced that LayerZero (ZRO) was now live on the Cronos’ (CRO) EVM-compatible and zero-knowledge proofs mainnets. This integration allows developers on Cronos to build bridges connecting to more than 115 blockchains, including Ethereum and Solana. Cronos EVM users can now transfer assets between the Cosmos SDK-powered chain and multiple EVM-compatible chains. The platform is also interoperable with the Solana ecosystem. Meanwhile, Cronos zkEVM users can leverage the native Ethereum bridge to connect with other Elastic chains. LayerZero’s integration further enables cross-blockchain transfers between the Cronos zkEVM and various layer 1 and layer 2 networks. “Cross-chain interoperability has been a major priority of the Cronos project since its inception. Given the significant security and liquidity challenges associated with the fragmentation of the crypto industry, Cronos Labs is executing on that priority with caution and determination,” Ken Timsit, managing director of Cronos Labs, said. Beyond token bridging, Cronos Labs is also exploring cross-chain prediction markets, asset tokenization, synthetic asset trading, and cross-chain lending. Growth plans include the rollout of decentralized finance applications for liquid staking and restaking. With interoperability becoming increasingly vital in the blockchain and crypto space, platforms such as LayerZero and Wormhole have emerged as key providers. Ondo Finance, Defi.money, and BitGo are among the projects leveraging LayerZero’s technology. In July, Flare announced it had integrated the cross-chain messaging protocol to connect to 75 blockchains. Source: https://crypto.news/cronos-connects-to-115-blockchains-via-layerzero/
Filed under: News - @ January 31, 2025 8:19 pm