Cronos Ecosystem
Cronos is a blockchain network designed to support decentralized applications, specifically tailored for financial services. It offers high throughput and low fees, making it an ideal platform for DeFi projects. This page provides a table listing Cronos ecosystem projects, including project names, descriptions, and interest levels as calculated by the CryptoTotem algorithm. Learn more ↓
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| Project name | Description | Interest lvl | ||
|---|---|---|---|---|
 | Cronos (CRO) | Description Cronos Chain is a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. | Interest lvl | Add to Watchlist |
 | Alethea AI (ALI) | Description Alethea AI will enable a metaverse of millions of intelligent and interactive characters to emerge, with their own thriving economics. | Interest lvl | Add to Watchlist |
 | Titan Maker (TMKR) | Description Titan Maker is an incubator and launch platform for early stage projects on Cronos chain. | Interest lvl | Add to Watchlist |
What is Cronos network
Cronos is in fact a sidechain that is placed in parallel between ETH and Cosmos blockchain. It is an EVM-compatible network built on the Cosmos SDK, enabling for it to realize the benefits of both ecosystems.
The Cronos main network was launched in 2021 under the guidance of the popular Crypto.com platform.
Note that Crypto.com was founded in June 2016 as “Monaco Technologies GmbH” by Chris Marszalek, Raphael Melo, Gary Ore and Bobby Bao.
The key challenge that Cronos is addressing is to significantly scale DeFi ecosystems and DApps. Cronos also gives developers the ability to migrate their applications lightning fast from any systems that are deployed in EVM-based ETH. At the same time, Cronos is able to maintain low cost of commissions and high throughput.
Ecosystem partners
The Cronos ecosystem has attracted quite a lot of attention, so many popular products have been launched thanks to this system, including:
- Tectonic
- VVS Finance
- Ebisus Bay
- Ferro Protocol
- Chainstack
- MarbleVerse and many others.
Key strategic partners include:
- Alchemy
- Bison Trails
- Forbole
- Cosmostation and more.
Key mechanics of Cronos blockchain
Since Cronos is one of the most unique sidechains, we propose to consider three key technologies on which the entire system is deployed:
- Cronos EVM
- Cronos PoS
- Cronos zkEVM
What is noteworthy is that the Cronos zkEVM mainnet started just recently. The achievement was possible thanks to the hard work of Cronos Labs, Matter Labs, Crypto com and several partner-applications together.
Let’s look at the key mechanisms of Cronos:
First of all, the Cronos Chain is a fully EVM-compatible infrastructure. This is achieved with Ethermint high-performance workspace.
- The Proof of Authority algorithm endows the blockchain with low fees. In addition, it is a modified Tendermint PoS model in which the Validator plays the main role, not the amount of the bet. Meaning, only trusted validators with a track record of consensus are used in the network. At the same time, Cronos Chain allows all CRO token holders to participate in the management of the system.
- One of the main mechanisms, the Cosmos SDK. Making it possible to incorporate virtually any blockchain into the Cosmos system.
- An Inter Blockchain Communication protocol (IBC) that brings interoperability to all blockchains in the Cosmos ecosystem. In turn, this opens up the possibility of exchanging tokens and data without the use of bridges or centralized exchanges.
- Cronos Bridge: A proprietary Cronos bridge designed to enable interoperability and asset migration between the ETH blockchain and Cronos, improving liquidity and facilitating interoperability between the different ecosystems.
- The zkEVM in the Cronos system is an ETH-based L2 blockchain that utilizes ZKsync technology.
We note that Cronos zkEVM will be developed in tandem with Cronos EVM and Cronos POS, blockchains that currently manage more than $6 billion in user assets and have already secured more than 150 million transactions. Also, zkEVM – significantly extends the entire Cronos ecosystem towards fast-growing Layer 2 networks.
Advantages of Cronos
Out of the above, we can outline a few important benefits that Cronos provides:
- Security
- Decentralization
- Maximum scalability
- Low fees on the network
- Ability to migrate applications and digital assets
- High speed transaction processing
Token CRO
CRO is an internal cryptocurrency of the Cronos ecosystem, including Crypto com. Cryptocurrency CRO is used for many different purposes, among them; staking, commission payment, management within governance mechanisms.
Notably, CRO provides a bit more utility. For example, the token is used to distribute rewards and opens up access to cashbacks while using Visa payment cards by Crypto com ecosystem.
Conclusion
As we can see, Crypto.com is a developed crypto-ecosystem that claims to satisfy all financial needs of users. The platform pays special attention to security and offers insurance of funds for many products.