Cronos Mainnet Network Upgrade “Galileo” — Completed

The Cronos team is pleased to report that the latest Cronos Mainnet upgrade “Galileo” (version 1.0), has been successfully completed…

The Cronos team is pleased to report that the latest Cronos Mainnet upgrade “Galileo” (version 1.0), has been successfully completed earlier today (January 18, 2023).

With the v1.0 version number, this release confirms that the Cronos blockchain network is well out of beta, having processed more than 65 M transactions for more than 1 M users without downtime.

The major improvements introduced in Cronos v1.0 are as follows:

• Mempool prioritization to scale TPS even further (transactions per second);

• Optimized node storage: 30% less storage for full nodes;

• Node performance improvements such as GRPC queries concurrent responses; generalized reduction of node start-up time by ~50%;

• New Cosmos functionalities to pave the way for greater EVM/Cosmos interoperability (IBC incentivization, IBC token transfer memo field).

For more details about this upgrade, please read this earlier blog post.

As indicated in our last roadmap update, the work continues.

The Cronos protocol engineering team will continue to deliver Phase 1 optimizations of the protocol and database (short to mid term), while further investing in the R&D work streams required for Phase 2 (Cronos Rollups, Cronos “Next Level”).

Meanwhile, the Cronos Labs team continues to grow the DeFi, NFT and Web3 Gaming application ecosystem by scaling the Cronos Ecosystem Grants program and the Cronos Accelerator. Applications for the upcoming Accelerator Program are open until early March.

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