What is Cronos? Instant DApp Portability with EVM Support
Cronos is the EVM chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi ecosystem, by providing developers with the ability to instantly port apps from Ethereum and EVM-compatible chains, with funding from Particle B’s $100m EVM fund and access to the 10M+ user base of the Crypto.com ecosystem.
Cronos on Ethermint
Cronos is powered by Ethermint, which allows rapid porting of apps & smart contracts from Ethereum and EVM-compatible chains. Cronos base settlement currency will be CRO, the native currency of the Crypto.org Chain.
The Inter Blockchain Communications (IBC) protocol enables interoperability and bridging to the Crypto.org Chain - a fully decentralised, open-source, energy efficient public chain with high speed and extremely low fees. It also allows interoperating with other IBC-enabled chains (e.g., Cosmos Hub).