We are passionate about building the Crypto.org Ecosystem with our community to drive crypto mass adoption by supporting fundamental use cases like Payments, NFT and dApp (e.g, DeFi, Game-Fi).
Since day one, we have been working with many incredible partners, in particular validators, who have put us in a great position to serve the ecosystem better.
Along with the significant steps that have been made in line with our [roadmap](https://blog.crypto.com/crypto-org-chain-intergalactic-roadmap/), we are very excited to announce the following major updates!
## Cronos - Phase II Canis Major Upgrade on the Crypto.org Chain
Our first version of Ethermint Cronos Testnet has been live since 20 July 2021. Cronos is an EVM sidechain running concurrently with the Crypto.org Chain, which is built on Ethermint and is equipped with Smart Contract capability. It is based on the Proof-of-Authority (PoA) consensus mechanism, allowing for low energy consumption with a limited number of actors. It is a streamlined consensus protocol that can ensure security within various validators run by many different parties.
Currently, there are over 20 validators supporting Cronos. Validators are able to run a Tendermint PoS equivalent of Ethereum and enjoy all the benefits of Ethereum. Tendermint allows for more transactions per minute than the EVM, making it more efficient to execute smart contracts. Furthermore, as it is based on the [Cosmos SDK](https://cosmos.network/sdk), Ethermint is connected with other blockchains in the Cosmos ecosystem through the Inter Blockchain Community Protocol (IBC), enabling its users to unlock more potential on the chain.
### Cronos and Tharsis Collaboration
To expand the IBC and EVM cross-chain interoperability, both the Tharsis Finance team and Crypto.org Chain engineers have been working together in delivering a top-class EVM chain on the top of Cosmos, which is the Cronos Testnet. This testnet w...
1/ Wow, $UCH really closed an hourly candle at 120 USD and then somebody bought the whole order book up to a price of 4150 USD per $UCH. 😄 In all honesty, that move up was on very low liquidity, so v...
At approx 11:15am HKT today, we paused trading of $UCH after our risk systems identified low liquidity on Chiliz Exchange. Trading has resumed.https://t.co/pFc4PzqqHR holders of $UCH at the time tradi...