Cronos is a blockchain developed by Crypto.com, featuring the CRO token, used for powering transactions, securing the network, and accessing various features within the Crypto.com ecosystem.
Crypto.com Chain aims to enable seamless and cost-effective cryptocurrency transactions through a decentralized network. It employs Proof of Stake (PoS) consensus to validate transactions, reducing energy consumption and increasing scalability.
The project was founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. Kris Marszalek serves as the CEO of Crypto.com. In 2017, Crypto.com launched its platform with a focus on providing a range of cryptocurrency-related services. The Crypto.com Chain mainnet was unveiled in 2021, aiming to enhance scalability, security, and interoperability.
Crypto.com continued expanding its ecosystem and services. The Crypto.org Chain mainnet launch represented a significant step forward, enabling decentralized finance (DeFi) applications and fostering greater adoption. The Crypto.com ecosystem introduced the CRO token, which facilitates transactions, staking, and participation in network governance. For the most up-to-date information, refer to official sources and recent news releases.
Above are only for introduction, not intended as investment advice.