- Cronos processes thousands of transactions per second, making it a fast and efficient choice for users and developers.
- The Pioneer Program boosts community engagement by rewarding users for their active participation on the platform.
- Users can earn multiple rewards on their CRO assets through staking and by engaging with participating dApps.
Cronos is gaining traction in the digital asset marketplace. Recently, crypto enthusiast Cryptowizard B pointed out its strengths on social media. He said that the Cronos chain delivers functional upgrades consistently. Unlike many other projects, Cronos does not make empty promises. This reliability makes it a strong contender in the competitive crypto landscape.
Key Features of the Cronos Ecosystem
Decentralized applications are successfully supported by the CRO system created by Crypto.com. It can process over 10,000 transactions per second, which is far more than Ethereum’s average of 13 transactions. This high capacity allows developers to create efficient applications without needing intermediaries.
Besides, the tokens are the largest Cosmos chain by total value locked, or TVL. This feature allows for seamless asset and data transfers across distributed ledgers through Inter-Blockchain Communication, or IBC. Consequently, Cronos effectively addresses Ethereum’s scalability challenges, making it an appealing option for designers and users.
Recently, Cronos zkEVM launched as an Ethereum Layer 2 solution to boost the platform’s capabilities. This addition allows developers to run Ethereum-compatible smart contracts with ease. Thus, Cronos zkEVM is likely to attract more users and increase total value locked within its ecosystem.
Pioneer Program to Foster Community Engagement
To promote community involvement, Cronos zkEVM introduced the Pioneer Program. This initiative rewards early users for their engagement with the network. Participants can earn loyalty points when they interact with specific dApps. This program helps build a sense of belonging among users.
The Pioneer Program will unfold in stages over the next few weeks. It includes various quests that help users explore the platform’s features. As users gather loyalty points, they can later redeem them within the ecosystem. Moreover, participating dApps are expected to provide additional token yields for loyalty point holders.
Users can earn three layers of yield on their CRO assets through this program. First, they receive staking yields from liquid staked assets like zkCRO. Second, they can access DeFi yields generated from various protocols. Finally, participating dApps will offer extra yields to loyalty point holders.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
