Introducing Cronos World — An all-in-one platform for the Cronos Ecosystem.
CronosWorld, as a platform, is building a diverse product portfolio that strives to serve multiple purposes on the Cronos network. The platform aims to contribute to developers’ and investors’ widespread adoption of the Cronos chain, therefore benefiting all the stakeholders.
Furthermore, in order to secure the long-term viability of the whole ecosystem, CronosWorld intends to offer an all-encompassing depiction of everything that Cronos blockchain users will require.
CronosWorld’s contribution to the Cronos chain includes a decentralized exchange (DEX), an NFT marketplace, a launchpad, and an incubator for Cronos chain-based projects. Similarly, the platform also has plans to launch a Game-fi ecosystem for play to win games.
As a result, CronosWorld intends to establish the groundwork for the whole Cronos ecosystem, thereby making it a unique platform.
What is Cronos?
Cronos is a sidechain to the Crypto.com blockchain. What is a sidechain? Sidechains are best thought of as separate blockchains attached to the main blockchains. By creating a new blockchain, pegged to the native chain, we can do experimentation, innovation, and competition to improve upon the existing protocols.
Why Cronos is being developed by Crypto.com?
About Crypto.com: Based in Hong Kong and led by Kris Marszalek. It has been active in the crypto space since 2014 and is behind the Crypto.com brand and the CRO token. It was originally known as Monaco, and it started out as a prepaid card issuer for cryptocurrencies. In2017 they rebranded to Crypto.com and expanded their scope of operations to include financial services such as loans and investments, cryptocurrency exchanges, and more.
Problems faced By market!
SOME OF THE MAJOR PROBLEMS ARE;
1) NETWORK CONGESTION & GAS FEES
2) INTEROPERABILITY
3) PROOF OF WORK DRAWBACK
How Cronos solves these!
Cronos Chain is proposing an EVM sidechain that integrates the following and each of these comes with its own benefits:
Speed of Tendermint Core
🔶Consensus mechanism called Proof-of-authority
🔶The interoperability functions of Cosmos SDK
⭐️Use of IBC & COSMOS SDK
⭐️PROOF-OF-AUTHORITY (POA)
CONCLUSION
Cronos Chain is disrupting and reinventing EVM by providing a chain that integratesTendermint’s core consensus engine and Cosmos SDK. The chain is built on Ethermint.
CronosWorld combines the best of all things Defi and NFTs. With a single, powerful platform we're creating a unique value proposition for the Cronos ecosystem — and one that crypto enthusiasts will love.
Socials
Telegram — https://t.me/Cronosworld
Twitter — https://twitter.com/Cronos_World
Medium — https://cronosworld.medium.com/
