What is Cronos? Powered by Ethermint, Cronos allows rapid porting of apps and smart contracts from Ethereum and EVM-compatible chains. Read on for more JAN 21, 2022 | INTERMEDIATE Cronos Main Banner 1 Cronos is the first blockchain network that interoperates with both the Ethereum and Cosmos ecosystems, supporting DeFi, NFTs, and the metaverse. It aims to massively scale the Web3 user community by providing builders with the ability to instantly port apps and crypto assets from other chains with low cost, high throughput, and fast finality. Evmcompatibilitiybanner Cronos is powered by Ethermint, which allows for the rapid porting of apps and smart contracts from Ethereum and EVM-compatible chains. Cronos’s base settlement currency is CRO, the native token of its parallel blockchain, the Crypto.org Chain. Built with IBC protocol from day one, Cronos allows for interoperability and bridging to the Crypto.org Chain: a fully decentralised, open-source, and energy efficient public chain with high speed and low fees. It also facilitates interoperability with other IBC-enabled chains (e.g., Cosmos Hub, Terra) in a decentralised way. Valuepropositionbanner Image 1 Ethereum + Cosmos An EVM that’s built for interoperability and offers low cost (less than 1 USD per transaction), high throughput (supporting 50 million transactions per day), and fast finality (same as the block time, or 5-6 seconds). Image 2 Scalable Tendermint can process more transactions per minute than most public blockchains, making it faster, cheaper, and greener to execute smart contracts. Image 3 Interoperable IBC is a protocol that allows blockchains to talk to each other; it can transfer value, interchange assets and services, and connect without running into the scaling issues inherent in some of the largest blockchains today. Image 6 Easy Deployment A portable Web3 app code with libraries and standards from/to any EVM chain. Developers can easily deploy DApps on Cronos with familiar tools. Image 7

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