The post Cronos Rolls Accelerated Transaction Processing To Support Emerging AI Agents appeared first on Coinpedia Fintech News
Blockchain ecosystem Cronos has completed a major upgrade that promises to make it one of the fastest decentralized networks in the business, with the ability to process up to 60,000 transactions per second, its developers say.
The Cronos EVM v1.4.0 Pallene upgrade is a key milestone for Cronos, which was built by Crypto.com to support its ambitions to grow an ecosystem of decentralized finance services and other kinds of dApps around its exchange platform.
Cronos wants to become a bigger player in DeFi, blockchain gaming and also in artificial intelligence agents, which it believes will play a crucial role in growing the adoption of Web3. AI agents are autonomous systems that can automate various tasks on behalf of their users with minimal human intervention. Examples might include an AI agent that manages someone’s crypto investments, automatically rebalancing their portfolio according to market shifts.
AI agents have taken centre stage on the Cronos roadmap due to their potential to catalyze mainstream adoption of Web3. Its developers believe that whatever network can best support AI agents will become a key player in the next wave of AI innovation.
The anticipated surge of AI agent activity across Cronos is what sparked the necessity for the Pallene, and it should significantly enhance its ability to support those workloads. Pallene is all about increasing Cronos’ ability to scale, and it does so in a dramatic way, speeding up transaction execution by 600-times.
The key enabler of this is Cronos’ Block-STM technology, which facilitates parallel transaction processing, so the network can squeeze many more transactions into a single block.
Another critical feature introduced by Pallene is the ability to perform optimistic execution via Cosmos SDK 0.50. This helps to streamline block processing while making the network more responsive, the developers say.
The Cronos Pallene upgrade also enhanced its cross-chain capabilities, thanks to an update to the Inter-Blockchain Communication or IBC protocol. It facilitates communication between Cronos and IBC-compatible networks, as well as ERC-20 chains.
Ken Timsit, the managing director of Cronos, hailed the update as a “defining milestone”, giving it the ability to scale to meet the expected demands of future, AI-powered blockchain applications. It’s effectively become future-proof, he said.
“The blockchain’s virtual machine can now execute up to 60,000 transactions per second in parallel,” Timsit explained. He added that the next step for his team will be to “remove any remaining bottlenecks at the networking layer”, in order to support the mass adoption of AI agents.
There’s a lot of buzz in the crypto market. For example, analyst XO predicts a price target of $300 for Solana (SOL). Furthermore, based on the bullish technical indicators, Cardano (ADA) has started showing promising growth signs. Despite all this, DTX Exchange (DTX) is also making a name for itself as one of the best new ICOs.
This presale, now in phase six, has already seen a 500% price surge. Given its potential to dominate the online trading space and tap into the growing $1.4T FX market, experts remain bullish on it. Some even foresee a 5x growth potential for this altcoin in 2025.
XO: The Price of Solana (SOL) May Reach $300 Soon
Solana (SOL) is seeing some green price charts right now. CoinMarketCap shows that this altcoin saw a price surge of over 5% in the past 30 days, jumping from around $200 to over $250.
Crypto analyst XO excited traders with his Solana price prediction. According to his X post, this altcoin will see a big jump if it holds the low $200s as support. XO forecasts a potential surge to $300 for Solana (SOL) soon.
The technicals show some good signs for the Solana crypto. For example, TradingView shows that its value is above its 50-day EMA ($213). Furthermore, its momentum indicator is at -20, which is in the buy zone and suggests this uptrend may continue.
Cardano (ADA) Technicals Remain Bullish As Price Rises
Cardano (ADA) is another crypto coin that is riding a bullish wave. On the one-month chart, the price of Cardano increased from around $0.50 to over $1. In other words, its value skyrocketed over 70% as per CoinMarketCap.
The technical analysis for Cardano (ADA) is also bullish. According to TradingView, this crypto currency is trading above its 30-day EMA ($0.95) and its momentum indicator sits at -0.06 which is in the buy zone. Therefore, the Cardano coin may continue this bullish trajectory.
Market expert Valeriya remains optimistic about Cardano as well. In her new X post, she stated that a $1.20 or even $1.25 bounce is still possible. This Cardano price prediction captures traders’ attention.
DTX Exchange (DTX) Excites Traders With a 500% Surge So Far
DTX Exchange (DTX) is a hot altcoin right now. Whoever bought it at the beginning of its crypto ICO event has already received 500% returns. With the addition of a listing on CoinMarketCap, countless traders are now rushing to buy DTX.
This token will power the DTX Exchange platform. On this hybrid trading platform, people will get:
● Access to over 120K asset classes like gold, FX, and crypto coins.
● Transaction speeds as fast as 0.04 seconds.
● Privacy thanks to no sign-up KYC checks.
On the other hand, those who hold the DTX token will get governance voting rights as well as a portion of the trading fee revenue made by the DTX Exchange. This has led to millions of DTX tokens being sold.
Currently, one DTX costs just $0.12, which is a 500% rise from its starting price of $0.02. However, this presale price will rise to $0.14 after phase seven begins. Additionally, its expected launch price sits at $0.20, which is a 66% jump from its current price.
Can DTX Exchange (DTX) Soar Like Solana (SOL) & Cardano (ADA)?
While Solana (SOL) and Cardano (ADA) are on a rally right now, some analysts are also bullish for DTX Exchange (DTX). This newcomer will have ties to many trillion-dollar markets and a smaller market cap. Therefore, DTX could need less money for its price to rise over time. Because of this, experts foresee a potential 5x growth for this altcoin in 2025.
