Blockchain News

Tenderly Adds Cronos to Its Growing List of Supported Networks, Expanding Support for Smart Contract Developers to Build Dapps

Tenderly Adds Cronos to Its Growing List of Supported Networks, Expanding Support for Smart Contract Developers to Build Dapps

New integration enables Web3 developers to streamline and optimize dapp development on Cronos by using the all-in-one Tenderly development platform

Tenderly, creators of an industry-leading Web3 development platform, and Cronos, a decentralized, open-source, energy-efficient public blockchain with high speed and low transaction fees, announced the integration between Tenderly and Cronos as well as its testnet.

Cronos is an Ethereum Virtual Machine (EVM)-compatible Layer-1 blockchain network built on the Cosmos SDK – an open-source framework for building multi-asset public Proof-of-Stake as well as permissioned Proof-of-Authority blockchains. It is the first Cosmos chain that Tenderly has added to its list of more than 20 EVM-compatible networks.

As an all-in-one Web3 development platform, Tenderly helps blockchain engineers accelerate development by combining essential tooling with observability and blockchain infrastructure. The platform guides Web3 engineers through every aspect of development, including smart contract debugging, testing, deployment, and monitoring.

Latest Fintech News: UNIT4 Launches New Marketplace Platform to Extend Functionality With Apps and Integrations for E-signing, Credit Ratings and More

Reliable Dapp Development Across Multiple Blockchains

“Tenderly integration with Cronos allows us to bring the value of a fully integrated all-in-one development platform to Web3 developers in the Cronos ecosystem. With the Tenderly development platform and Cronos’ foundational infrastructures, developers now have the essential tooling to help them accelerate smart contract development.” – Andrej Bencic, CEO and Co-Founder of Tenderly.

The Tenderly-Cronos integration also allows developers on the Cronos platform to maximize the benefits that the chain offers, including low transaction fees, fast transaction finality, and high throughput.

Through the integration, Web3 developers focused on next generation GameFi or other DeFi dapps will gain access to comprehensive tooling needed to build secure and user-friendly dapps. They also have an opportunity to grow user bases by extending their reach into the Cosmos ecosystem.

With Cronos and Tenderly’s support, Web3 developers can further optimize their dapp development on Cronos with essential tooling, ensure smart contract correctness, and minimize production issues. Web3 developers can also use Tenderly’s observability stack and infrastructure building blocks to automate workflows while simultaneously offering a better UX experience in their Cronos chain dapps.

“Through our partnership with Tenderly, we look forward to providing Web3 developers with the infrastructure and by extension, the confidence to build a diversified range of Cronos-powered dapps. We’re excited to expand the possibilities for these developers, extending their reach within the Cosmos ecosystem and as a result, enhancing the efforts of the Cronos chain in onboarding the next billion users to Web3 and DeFi.” – Ken Timsit, Head of Cronos Chain and Cronos Labs.

Latest Fintech News: Future FinTech Announces Paraguayan Cryptocurrency Mining Farm is Operational

As a result of this integration, Web3 developers using the Tenderly platform can now enjoy the following benefits of the Cronos chain:

  • EVM-compatibility: Cronos is powered by Ethermint, enabling developers to continue using Solidity to build on the chain. Developers can also port dapps from Ethereum and other EVM-compatible networks quickly and easily.
  • High security: Powered by the Tendermint consensus engine, which is a Byzantine-Fault Tolerant (BFT) protocol, Cronos offers a high level of security to Web3 developers. The chain can mitigate malicious behavior as well as allow a third of its nodes to fail.
  • Interoperability: Cronos supports the Inter-Blockchain Communication (IBC) protocol, an open-source protocol used to relay messages between independent distributed ledgers, linking one blockchain to another. This allows Cronos to easily communicate with other IBC-enabled chains in the Cosmos ecosystem, offering developers multi-chain functionalities.
  • Support for GameFi dapps: The Cronos chain offers extensive support for the development of GameFi applications, equipping Web3 developers with a range of Cronos Play tools and services so they can easily build gaming dapps.

Latest Fintech News: LenderClose Announces Rebrand as Coviance to Support Accelerated Growth and Strategic Vision for the Lending Experience

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

UK’s Most Exclusive Wealth Tech, Privat 3 Money, Launches Bespoke Mobile Trading Platform To Hnw Clients

Fintech News Desk

BankiFi and RedCompass Labs Publish New Report on How Banks Can Most Effectively Offer Digital Solutions

Business Wire

Travelers Chooses SentinelOne to Secure the Future of Work for Cyber Policyholders

Fintech News Desk
1