What is CRO?

Question

What is CRO?

Accepted Answer

## TLDR

Cronos is a blockchain connected to the Crypto.com ecosystem, and CRO is its native token, used to pay fees and participate in network services.

1. Cronos is designed to support smart contracts and decentralized apps, including financial and consumer applications.
2. It combines Ethereum compatible app support with Cosmos based technology and cross chain connectivity.
3. CRO is used for transaction fees and staking within the Cronos ecosystem.

## Deep Dive

### 1. Purpose

Cronos gives developers a network for building blockchain apps, such as decentralized finance services, where people can trade or lend without a central intermediary. It is also designed to connect those apps with Crypto.com’s broader ecosystem. ([CoinMarketCap](https://coinmarketcap.com/currencies/cronos))

### 2. Technology

Cronos is an *EVM compatible* Layer 1 blockchain: EVM compatibility means developers can adapt many Ethereum apps and tools to run on it. It is built with the Cosmos SDK and supports IBC, a protocol for transferring assets and messages between participating blockchains. ([Cronos overview](https://www.cube.exchange/what-is/cronos))

### 3. CRO token

CRO is Cronos’s native token. Users pay network transaction fees in CRO, and can stake it—commit tokens to support network services and participate in reward programs. CRO also has uses across parts of the Crypto.com ecosystem. ([CoinMarketCap](https://coinmarketcap.com/currencies/cronos))

## Conclusion

Cronos is the blockchain infrastructure; CRO is its token for fees and ecosystem participation. How effectively can Cronos connect useful apps with its cross chain capabilities?

What is Cronos (CRO)?

Deep Dive

1. Purpose

2. Technology

3. CRO token

Conclusion

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