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After months of arduous work, in depth testing, and super help from our companions and the developer group, we’re excited to announce the launch of Cronos mainnet beta as we speak!
Cronos is the primary Cosmos EVM chain for DeFi, NFTs, and Metaverse. It goals to massively scale the DeFi and decentralized utility ecosystem by offering builders with the flexibility to immediately port apps from Ethereum and EVM-compatible chains. With low value, excessive throughput, quick finality, and built-in interoperability, Cronos is poised to convey decentralized purposes to the 10M+ person base of the Crypto.com ecosystem and past.
Leveraging Cosmos SDK, Cronos has built-in interoperability from day one. Its Inter-Blockchain Communications (IBC) protocol allows interoperability and bridging to the Crypto.org Chain and different IBC-enabled chains (e.g., Cosmos Hub). Cronos is uniquely positioned linking the Cosmos ecosystem and EVM ecosystem.
CRO is the native token of the Cronos platform, powering on-chain transactions with community charges paid in CRO. The expansion of the Cronos ecosystem will convey further utility to the CRO token with its present use instances within the Crypto.org chain and Crypto.com ecosystem.
Cronos Mainnet Beta (Scope)
EVM help
Cronos Mainnet is shipped with the Ethereum Digital Machine that may execute user-submitted good contract codes. It’s suitable with the EVM on Ethereum, which implies builders can port their good contracts from Ethereum and EVM-compatible chains to Cronos with out trouble.
Up-to-dated Cosmos SDK with IBC help
We’re utilizing the newest Cosmos SDK v0.44 household and the IBC v1 household. This makes Cronos provide probably the most up-to-date options and fixes from Cosmos SDK and may doubtlessly join with different Cosmos chains relaxed.
Bridge
The token normal on Cronos is CRC-20. At launch, customers might bridge chosen tokens from Crypto.com App and Trade by merely deciding on the Cronos community when depositing and withdrawing and from the Crypto.org chain to Cronos by way of the IBC channel.
For customers which can be bridging CRO from Crypto.org to Cronos, the Cronos Bridge shall be out there from day 1 for customers to take action. The Cronos bridge helps quick, safe, and low-cost transfers between the Crypto.org chain and the Cronos chain. It’s a absolutely decentralized protocol using the IBC module and Gravity module throughout the Cosmos SDK. As each Crypto.Org and Cronos are IBC enabled chains, your CRO shall be routed from Crypto.org to Cronos within the IBC token normal earlier than being wrapped into the native CRO on the Cronos EVM degree.
I’m Out there bridging routes into Cronos on Day 1:
- Switch belongings utilizing Crypto.com App
- Switch belongings utilizing Crypto.com Trade
- Switch belongings from Crypto.org Chain by means of Cronos Bridge here
Bridge Roadmap:
- Extra IBC Channels: From different Cosmos based mostly chains to Cronos [ETA Dec’ 21 / Jan’ 22]
- Cronos Gravity Bridge: From Ethereum to Cronos [ETA: Dec’ 21 / Jan’ 22]
Cronos Ecosystem
A rising ecosystem is supporting the launch of Cronos and constructing decentralized purposes on the Cronos infrastructure. Our workforce has introduced partnerships with the next key business gamers, with extra to return:
- Validators: Bison Trails, Stakin, Allnodes, Audit.one, Cosmostation, Ariane 6, CRO Nest, Crypto.bzh. CryptoWarfareUS, Defier, Europa, Icy Rod, Jerry’s Pool, Lastation, Nebkas.ro, Onward Singapore, Perseverance, Stakespace, Staking.Cafe, SwissCro, Ubik Capital, X Staking
- Decentralized Oracles: Chainlink, Band Protocol, Blink Oracle
- Cross-chain Bridge: Nerve, cBridge, AnySwap
- Wallets: Metamask, Crypto.com DeFi Pockets, Nabox, Belief Pockets
- DeFi: VVS Finance, Tectonic, CRODEX, CronaSwap, PhotonSwap, Annex Finance
- NFT & Gaming: Duelist King, Gem Studio, Cronos Chimp Membership, Crocos NFT
- Fiat on/off-ramps: Crypto.com App
- Different Infrastructure & Toolings: Covalent, Alchemy, Etherscan
Begin constructing on Cronos
Developer assets
$100M Ecosystem Grant Program
To additional help the Cronos ecosystem, our accomplice blockchain accelerator, Particle B, has introduced the CRO EVM Fund. Particle B will grant as much as USD$1 million per undertaking to at the least 100 initiatives committing to constructing purposes, toolings, and infrastructure on Cronos. Extra particulars on the Grant Program.
Cronos Hackathon
The very first Cronos Hackathon is at the moment operating from 24 September to 24 November to encourage builders and entrepreneurs to contribute concepts and early-stage initiatives to the Cronos ecosystem. A complete prize pool of USD $500,000 shall be awarded to prime taking part initiatives in 5 tracks – DeFi, NFT, GameFi, Web3, and Metaverse. We welcome builders all over the world to construct with us! More details on the hackathon.
Bounty Program
The Cronos bug bounty program will start quickly, with a most bounty of as much as USD 1,337,133.7 sponsored by Blockchain accelerator Particle B, to boost the on-chain safety of the Cronos ecosystem. Particulars – Hyperlink.
What’s subsequent?
We are going to proceed engaged on additional bettering and optimizing the community infrastructure and in the direction of full mainnet launch. A number of the workstreams embody:
Bridging Cosmos belongings to Cronos
As part of the Cosmos group, we’re wanting into bridging extra Cosmos-based Chain tokens to Cronos by means of IBC. One main problem is the flexibility to make use of IBC belongings as an EVM tokens, and the Cronos core builders have already carried out some primary help on Cronos.
Rolling out Gravity Bridge
Gravity Bridge is an modern and promising bridge resolution bringing Ethereum-based chain belongings to the Cronos. After the mainnet beta is launched, one of many milestones is to convey an improved Gravity Bridge onto the testnet quickly and finally roll it out on the mainnet.
Cronos improve
There are lots of thrilling options to be included in future variations. Primarily based on the suggestions on the group, the Cronos improvement workforce will proceed to enhance and optimize the blockchain.
We wish to thank our wonderful companions and group on your help alongside the journey. We’re going full pace forward, and welcome everybody to construct the way forward for Cronos with us! Keep tuned for updates from our social media.
Twitter – Comply with @cronos_chain on Twitter.
Discord – Be a part of the Crypto.org Chain Discord within the #cronos channel.
Telegram – See the newest replace on Crypto.org Chain Telegram channel.