What is Crypto.com (CRO)

Crypto.com Coin (CRO) is the Crypto.com Chain's native digital currency token. Furthermore, Crypto.com Chain is an open-source blockchain created by the Crypto.com trading, payment, and financial services company. Crypto.com Chain is one of the solutions created by Crypto.com to expedite the global adoption of cryptocurrencies. Furthermore, the CRO blockchain serves largely as a platform for the Crypto.com Pay mobile payments app.

Crypto.com intends to expand the scope of the CRO platform in the future to power its other businesses. Huobi Global, OKEx, HBTC, Xtheta Global, and CoinTiger are now the top CRO crypto trading platforms.

Crypto.org Cronos Mainnet will be launching on October 19th

Cronos is presently operating a testnet version, but it will launch its mainnet on October 19th. The Cronos mainnet will be Ethereum Virtual Machine (EVM) compatible, allowing developers to quickly transfer dapps from Ethereum and EVM-compatible chains. Dapps may quickly transfer to Cronos from any Ethereum or EVM-compatible chain, with assistance from the $100 million CRO EVM fund and visibility to the Crypto.org community, which includes Crypto.com's global user base of over 10 million. Furthermore, the Cronos Hackathon will take place from September 24th through November 24th. Developers from all around the world are encouraged to contribute Cronos-based blockchain applications. Click here for additional information and to apply.

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What is Cronos?

Cronos is an EVM chain that runs concurrently with the Crypto.org Chain. This is what drives the Crypto.com app and controlled exchange. It was created to help the decentralized finance (DeFi) ecosystem grow. Ethermint powers the platform, allowing for the rapid migration of apps and smart contracts from Ethereum and EVM-compatible chains.

Cronos' basic currency will be CRO, the Crypto.org chain's native coin. A cryptocurrency token that is presently listed among the top 50 cryptocurrencies by market capitalization. Within the Crypto.com application, CRO already has numerous use cases. There are over 100,000 active account holders, 2 million blocks have been processed, and 3.8 million transactions have been performed. It's a safe environment to enter.

Cronos is fast

Perhaps more significantly, Cronos can handle more transactions per minute than Ethereum, making smart contract execution quicker, cheaper, and greener. This year has seen a benefit as networks other than Ethereum have thrived in the DeFi market. The ecosystem can be a solid basis for dapps and dapp developers that want to provide their consumers quick transactions at reasonable prices. For example, out of the 1700 DeFi and exchange dapps already tracked by DappRadar, at least 30% would be eligible to transfer without much difficulty.