CronosWorld — An all-in-one platform for the Cronos Ecosystem.
Cronos World, as a platform, is building a diverse product portfolio that strives to serve multiple purposes on the Cronos network. The platform aims to contribute to developers’ and investors’ widespread adoption of the Cronos chain, therefore benefiting all the stakeholders.
Furthermore, in order to secure the long-term viability of the whole ecosystem, CronosWorld intends to offer an all-encompassing depiction of everything that Cronos blockchain users will require.
CronosWorld’s contribution to the Cronos chain includes a decentralized exchange (DEX), an NFT marketplace, a launchpad, and an incubator for Cronos chain-based projects. Similarly, the platform also has plans to launch a Game-fi ecosystem for play to win games.
As a result, CronosWorld intends to establish the groundwork for the whole Cronos ecosystem, thereby making it a unique platform.
About Cronos Chain
Cronos is a new Blockchain developed by Crypto.com, a company that has played a significant role in growing crypto adoption throughout the world.
Crypto.com is the world’s top centralized exchange (CEX) that has teamed with VISA to provide prepaid crypto Visa cards. They are known for sponsoring the most prominent sports teams along with having long-term relationships with them. Cronos chain is Crypto.com’s DeFi ecosystem initiative.
Problems faced in Crypto World
1) High GAS FEES
3) PROOF OF WORK DRAWBACK
4) Network Congestion
How Cronos solves the Problems faced in Crypto World
- Tendermint for Speed — It is a consensus engine. It does something called off-chain processing, wherein only some of the validators process the rest of them are in continuous look out for computers trying to cheat, making the system fast and secure.
- Interoperability via Cosmos SDK & IBC — Most of the blockchains you find today are kind of have a closed architecture but Cosmos SDK with the IBC protocol has the ability to send messages, transfer assets and exchange information with other blockchains. Cosmos SDK also enables to have a multi-chain governance model.
- Proof of Authority(POA) — PoW & PoS are susceptible to multiple issues. To overcome this, in PoA — one must stake a minimum of token to become a validator and participate. The more tokens at stake the higher chance of getting selected via bonding process. Any kind of malicious activity and tokens are slashed.
CronosWorld combines DeFi and NFTs to provide one of the Cronos ecosystem’s best products. With a single platform, we hope to ease the transition of DeFi users into Cronos ecosystem.
Cronos chain is on its way to disrupting and reinventing the EVM. With its high potential for scalability and interoperability, the platform aims to revolutionize the entire blockchain technology. Furthermore, by utilizing Proof of Authority (PoA) and being open source, Cronos seeks to establish a best-in-class blockchain ecosystem in the decentralized world
Telegram — https://t.me/Cronosworld
Twitter — https://twitter.com/Cronos_World
Medium — https://cronosworld.medium.com/