Cryptocurrency wallet provider and platform Crypto.com has updated the community on recent developments regarding its mainnet upgrade.
The cryptocurrency platform, Crypto.com, posted the latest updates in a development blog on June 15, 2021. It stated that there has been great progress since the launch of the Crypto.org Chain mainnet on March 25, 2021.
The team highlighted a number of milestones that have been reached since the launch:
“In just over two months, the block height has now reached over 1 million, and there have been more than 3.5B delegated CRO as well as 1.62M transactions broadcasted to the network.”
https://t.co/FaauJb9Cyz Chain Dev Update #15
🚀 Phase I Canis Major Upgrade
✅ IBC Enabled
🖥 Desktop Wallet v0.2.2
🤝 Keplr Wallet Integration
⛓️ Updates on Croeseid Testnet
♻️ Ecosystem Grants Program
🌏 Sustainable CommitmentDetails: https://t.co/MbXmC747Js pic.twitter.com/f6SKifVT8l
— Crypto.com (@cryptocom) June 15, 2021
Crypto.com Canis Major Upgrade Success
The “Crypto.org Chain Intergalactic Roadmap” has passed its first phase “Canis Major” successfully, the blog post added.
The upgrade, which rolled out on June 1, 2021 allowed for the integration of non-fungible token (NFT) capabilities. It enabled the minting, trading, and transfer of NFTs on the native Crypto.org Chain.
The upgrade also included Arm64 architecture support for Linux and macOS, and a consensus process adjustment.
The team also noted that the Inter-Blockchain Communication (IBC) governance proposal for cross-chain implementations that passed at the beginning of May has been enabled on mainnet.
“With IBC, we look forward to unlocking more potential [with] cross-chain activities, bridging our chain with Ethereum protocols, as well as bringing more promising projects to the Crypto.org Chain ecosystem.”
A new version of the desktop wallet, v0.2.2, has been released with new features. These include data analytics, validator list view on re-delegation flow, and dependencies to secure versions.
The Crypto.org Chain has also been integrated with the Keplr wallet enabling staking, deposits, withdrawals, and transfers of CRO tokens to other IBC-enabled chains.
The blog post also mentioned the latest Croeseid testnet which has been launched for NFT testing purposes.
The team stated that the first major upgrade has been a success and it is now looking forward to the next phase. This will be called Draco II and include coin issuance capabilities and an Ethereum Virtual Machine (EVM) compatible chain.
Earlier this month Crypto.com announced a climate commitment to become carbon negative within 18 months.
CRO Token Price Update
The all-in-one cryptocurrency platform’s native CRO token has retreated marginally on the day. CRO is down 0.8% at the time of publication according to CoinGecko, trading at $0.117512.
Like most altcoins, CRO has fallen heavily during the market slump, but AltcoinBuzz still recommends it as one to watch for recovery.
CRO is currently 56% off its all-time high of $0.277 which was hit in late February 2021.
Also, join us on Telegram to receive free trading signals.
Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.
