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Blockchain

Crypto.com supports mainnet beta launch via Cronos Bridge

November 8, 2021 - Around 2 mins mins to read
Cronos | Crypto.org EVM Chain | DeFi Compatible Smart Chain

Cronos has announced the launch of a beta version of its mainnet, which should enable better interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.

The release will enable developers to move decentralized applications (dApps) and smart contracts from Ethereum and EMV compatible chains to the Cronos network at low cost and high speed due to the integrated transport protocol Inter-Blockchain Communications (IBC). This will give access to Crypto.com’s strong 10 million customer base.

Cronos is built on top of the Cosmos blockchain and operated by Ethermint – a consensus mechanism to prove authority – and operates alongside the Crypto.org chain.

In the days leading up to its launch, the Cronos team published a Medium blog post detailing the complex process of connecting cross-chain assets such as the Crypto.com ecosystem to Crono or connecting the CRO platform’s native token to the chain from Crypto.org with the Cronos chain via IBC.

Cronos Mainnet Beta Released. What's Next? CRO Prediction! | General Knowledge

Crono announced its Testnet service in July of this year and has since enabled 1.5 million transactions from over 600,000 wallet addresses. Kris Marszalek, CEO and co-founder of Crypto.com, said at the time that he expected a “boom in activity on Cronos” and was determined to drive the success of the project’s success from start to finish.

That support was demonstrated by the launch of a $ 100 million grant fund by the Particle B blockchain accelerator, which is designed to split $ 1 million evenly across a hundred projects that implement their application.

Related: Crypto.com is the No. 1 app on the Google Play Store in the US

Cronos Bridge | A Gateway For Cross-chain Assets Transfer On Cronos

Since its inception, the Cronos ecosystem has attracted over 20 validators, including Bison Trails, several well-known decentralized tools such as Chainlink and Band Protocol, Wallets Metamask and Crypto.com, and relationship partners with DeFi, NFT and gaming platforms and projects.

The Cron roadmap from Q1 and Q2 of 2022 outlines the intention to bring the mainnet version of Gravity Bridge onto the market and to integrate additional IBC channels and IBC token whitelists.

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#Adoption

#Decency

#Developer

DApps

ether

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Blockchain

Crypto.com supports mainnet beta launch via Cronos Bridge

Cronos | Crypto.org EVM Chain | DeFi Compatible Smart Chain

Cronos has announced the launch of a beta version of its mainnet, which should enable better interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.

The release will enable developers to move decentralized applications (dApps) and smart contracts from Ethereum and EMV compatible chains to the Cronos network at low cost and high speed due to the integrated transport protocol Inter-Blockchain Communications (IBC). This will give access to Crypto.com’s strong 10 million customer base.

Cronos is built on top of the Cosmos blockchain and operated by Ethermint – a consensus mechanism to prove authority – and operates alongside the Crypto.org chain.

In the days leading up to its launch, the Cronos team published a Medium blog post detailing the complex process of connecting cross-chain assets such as the Crypto.com ecosystem to Crono or connecting the CRO platform’s native token to the chain from Crypto.org with the Cronos chain via IBC.

Cronos Mainnet Beta Released. What's Next? CRO Prediction! | General Knowledge

Crono announced its Testnet service in July of this year and has since enabled 1.5 million transactions from over 600,000 wallet addresses. Kris Marszalek, CEO and co-founder of Crypto.com, said at the time that he expected a “boom in activity on Cronos” and was determined to drive the success of the project’s success from start to finish.

That support was demonstrated by the launch of a $ 100 million grant fund by the Particle B blockchain accelerator, which is designed to split $ 1 million evenly across a hundred projects that implement their application.

Related: Crypto.com is the No. 1 app on the Google Play Store in the US

Cronos Bridge | A Gateway For Cross-chain Assets Transfer On Cronos

Since its inception, the Cronos ecosystem has attracted over 20 validators, including Bison Trails, several well-known decentralized tools such as Chainlink and Band Protocol, Wallets Metamask and Crypto.com, and relationship partners with DeFi, NFT and gaming platforms and projects.

The Cron roadmap from Q1 and Q2 of 2022 outlines the intention to bring the mainnet version of Gravity Bridge onto the market and to integrate additional IBC channels and IBC token whitelists.

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