Witnet Partners with Cronos to Bring Decentralized Oracles, Price Feeds and Randomness Generation to the Crypto.org EVM Chain

The Witnet oracle will immediately start to trustlessly provide data to smart contracts on Cronos in an accurate, transparent, and censorship-resistant way

The Cronos chain is a high performance Layer 1 EVM blockchain, designed to scale the Web3 user community by providing builders with the ability to instantly port apps and crypto assets from other chains while benefiting from low transaction fees, high throughput, and fast finality. Backed by the famous Crypto.com exchange, Cronos is already home to more than 200 partners and more than 500,000 DeFi and NFT users.

Witnet is a decentralized oracle protocol that focuses on providing reliable data to “autonomous” smart contracts — those that require a high degree of tamper resistance and should not leave space for manipulation. Witnet can power most DeFi primitives like price feeds, stablecoins, synthetics, etc., as well as acting as a reliable source of randomness for creating uniqueness in NFTs.

Thanks to this partnership, the Witnet decentralized network of oracle nodes will immediately start to trustlessly provide data to smart contracts on Cronos in an accurate, transparent, and censorship-resistant way.

What Witnet Is Bringing to Cronos

The integration — which is already live on the Cronos mainnet and testnet, makes all the components in the Witnet oracle suite available to every Cronos developer, including:

• Public Price Feeds ( CRO/USDT, USDT/USDT, BTC/USD, ETH/USD ) that are completely free to read from.
• The Witnet Randomness Oracle, which is an efficient and secure way to source randomness and uniqueness into NFT and gaming use cases.
• The Witnet HTTPS Oracle — which enables Cronos developers to benefit from Witnet’s internal filtering and aggregation capabilities to have external data securely retrieved and attested from multiple data sources at once, thus reducing reliance on specific data providers, and eliminating any single point of failure.

The availability of these oracle solutions is a key milestone for the broader adoption of Cronos, as it will open the door to more sophisticated and reliable DeFi and NFT use cases.

Working On Deeper, Long-Term Collaboration Opportunities

This is only a first step in a cooperation roadmap between the Witnet and Cronos communities that begun barely 1 month ago but has already yielded impressive results in record time. This has only been possible thanks to the fluent communication and collaboration between the developers of both projects — which is expected to continue to be a win-win for many years to come.

Ken Timsit, Managing Director of Cronos, said: “We are very happy to welcome Witnet on the Cronos ecosystem. This convenient, flexible oracle protocol makes it easy for developers to build more advanced DeFi and GameFi Dapps.”

As part of this long-term collaboration, a dedicated team of Witnet developers will also be working side by side with several projects in the Cronos ecosystem to assist them in integrating the oracle into their contracts.

“With the support of Crypto.com and its huge community, Cronos ticks all the boxes to become a leading player in the DeFi space” — highlighted Adán SDPC from Witnet Foundation

For Witnet Foundation, making the Witnet oracle available on multiple L1 and L2 chains is not only a matter of user acquisition, but also a strong bet for platforms in which innovation is happening at an incredible pace because of the lesser scalability and cost concerns. Having a first-mover advantage in providing a decentralized oracle solution for the amazing builders in those thriving ecosystems will guarantee that whatever is the next big thing in crypto, Witnet will be in the forefront, playing a key role in the development and success of this Web3 revolution.

About Cronos

Cronos is the first Ethereum-compatible blockchain network built on Cosmos SDK technology. An open-source Layer 1 chain, Cronos aims to massively scale the DeFi and dApp (Web3) user community by providing builders with the ability to instantly port apps and crypto assets from other chains while benefiting from low transaction fees, high throughput, and fast finality.

Cronos mainnet has been live since November 2021 and is already home to more than 200 partners and more than 500,000 DeFi and NFT users. Cronos is powered by the Cronos ($CRO) cryptocurrency, which counts more than ten million holders and users worldwide.

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About Witnet

The Witnet protocol enables smart contracts to realize their true potential by giving them access to all sorts of valuable data sets, and by attesting and delivering that information securely thanks to its strong cryptoeconomic guarantees.

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