Cronos Labs, the developer behind the Cronos blockchain, announced Thursday the launch of a new layer-2 network, joining the growing ranks of second-tier projects that have opted to build auxiliary networks within the dominant Ethereum ecosystem. The new "Cronos zkEVM chain" is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains” atop Ethereum. The testnet, powered by zkSync’s ZK Stack software kit developed primarily by Matter Labs, will add a new chain to Cronos’ existing ecosystem, currently consisting of the Cronos EVM blockchain, and Cronos PoS chain.
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