Cronos(CRO) zkEVM mainnet Launch

Breaking: there is now a target date for the Cronos zkEVM mainnet launch : June 2024

Cronos zkEVM is a new Layer 2, will coexist with Cronos (EVM L1 built on Cosmos SDK) and Cronos POS chain (aka "layer zero" built on Cosmos SDK). This is aligned with our vision of a multi-chain world.

The target timeframe for mainnet launch is by June 2024.

The new network aims to introduce several distinctive strengths aligned with the emerging trends of the next market cycle:

• First, CROFam, A strong community of users and dapps that have proven their passion and resilience through the bear market.
• Second, shared liquidity. When users hold cryptos on a hyperchain, their assets are secured by Ethereum where they can always choose to withdraw. Besides, they can transfer their assets to other hyperchains securely and at low cost thanks to unified bridge and messaging.
• Third, yield-bearing assets. At this point we expect that the network token, backed by CRO, and several stable coins and other cryptos, will be natively APY generating for users, just by holding them on the chain. This can be achieved via rebase tokens. Exact mechanism WIP.
• Fourth, account abstraction. AA has been around for a while but it has been challenging for legacy chains to migrate existing liquidity to AA-enabled wallets.

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