Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Crypto.com Introduces its New Ethereum Virtual Machine Chain Testnet

Published 07/21/2021, 10:06 AM
Updated 07/21/2021, 10:30 AM
Crypto.com Introduces its New Ethereum Virtual Machine Chain Testnet

  • Crypto.com introduces its new testnet Cronos.
  • Cronos runs in parallel to the Crypto.org Chain.
  • Offers the app developers to quickly port apps from ETH and EVM-compatible chains.

Crypto.com introduces its new testnet Cronos. However, Cronos is the Crypto.org Ethereum Virtual Machine or EVM chain, on July 20, 2021.

Cronos runs in parallel to the Crypto.org Chain. Moreover, it is developed to massively scale the decentralized finance (DeFi) environment. More so, it offers the application developers to quickly port applications from Ethereum and EVM-compatible chains. Notably, with funding from Particle B’s $100 million EVM fund. In addition, access to the over 10 million user base of the Crypto.com ecosystem.

Added to this, Cronos is based in Ethermint which enables rapid porting of applications and smart contracts from ETH and EVM-compatible chains. Notably, Cronos base settlement currency is CRO which is the native cryptocurrency of the Crypto.org Chain, the announcement added.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.