What is Cronos Blockchain ?-Your Answer Here:
With an extraordinary growth rate, Cronos is now being developed into an infrastructure-based ecosystem. Join us to find out "What is Cronos Blockchain?" and to get a background on why it is so extraordinary:
Cronos is built on a chain, is based on the Cosmos SDK, is compatible with the Ethereum virtual machine (EVM), and is capable of supporting IBC inter-blockchain communication networks. This can simply be understood as it is compatible with most of the ecosystems built on Ethereum and Cosmos, which makes the migration of decentralized applications and smart contracts from Ethereum (dApp) very simple.
DeFi, metaverse, and NFT are handled by the Cronos blockchain network. It works not only with the Cosmos ecosystem but also with Ethereum by providing developers with a way to quickly migrate applications and digital assets from other chains with minimal cost, high throughput, and quick results. This helped it find a way to significantly expand its Web-3 user base.
So "What is Cronos Blockchain?" is understood as a platform to support ecosystems to operate quickly, at low cost, and with high quality and efficiency.
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