Highlights
- Cronos Mainnet beta makes its debut
- The Cronos Mainnet beta will incredibly scale the DeFi and dApps ecosystem
Following many months of excruciating work behind the scene and extensive testing, Cronos is excited to announce the launch of the Cronos Mainnet beta. This was made known some hours ago via the company’s official Twitter handle.
And in case you’re just learning about Cronos, you’ll be happy to know that the company is the very first Cosmos EVM chain for NFTs, DeFi, and the Metaverse. Thanks to the Cronos Mainnet beta launch, the company aims to impeccably scale the DeFi and dApps ecosystem by providing devs with the potential to port decentralized apps from Ethereum to EVM-compatible chains instantly. With Cronos Mainnet beta, users will enjoy low cost, high-level interoperability, high throughput, and fast finality.
Cronos And Its Quest To Bring dApps To Users
With the launch of the Cronos Mainnet beta, the company is demonstrating once again its resolve to bring decentralized applications to over 10m Crypto.com users and the crypto-verse in general.
Leveraging the power of Cosmos SDK, the company has been able to include interoperability to its unique ecosystem from day one. Together with its Inter-Blockchain Communication protocol, Cronos has been able to ensure its teeming community, especially those on the Crypto.Org Chain, as well as other IBC-enable chains like the Cosmos Hub, enjoy the benefits of interoperability.
CRO, the native token of the Cronos platform, is designed to power on-chain transactions with network fees charged in CRO tokens. Without mincing words, the launch of the Cronos Mainnet beta will bring about more utility for the CRO tokens beyond its existing use cases on both the Crypto.org Chain and the Crypto.com ecosystem.
As of the time of writing this report, the Cronos Mainnet launch hasn’t significantly affected the price of the CRO token across exchanges as the CRO token was trading at $0.39 and up by 10.14%.
