Cronos EVM has launched the v1.4.0 Pallene update, significantly enhancing transaction speeds to 60,000 transactions per second through Block-STM technology, which allows parallel processing within a single block. This upgrade also improves the Cosmos SDK 0.50 and the Inter-Blockchain Communication (IBC) protocol, boosting network responsiveness and cross-chain connectivity. Ken Timsit, Managing Director of Cronos, emphasized the importance of this milestone in preparing the network for future demands, particularly in supporting complex applications driven by AI and decentralized finance.