What is Cronos
Cronos is an EVM-compatible chain recently launched on 8 November 2021, which is a part of the growing Crypto.com ecosystem of products.
However, before we dive into all things Cronos, we must first take a step back and explore their beginnings. Cronos is part of the wider Crypto.com ecosystem, which used to encompass the Crypto.com Exchange, Crypto.com App, and Crypto.org Chain.
Crypto.com has made a name for itself, starting off as a crypto debit card issuer under the name of Monaco, rebranding to Crypto.com, and launching an all-in-one crypto app. The company had earlier launched its own chain via the Crypto.org foundation in the form of the Crypto.org Chain. So why is Cronos being launched if the Crypto.org Chain already exists? That’s due to the fact that the original chain is a Cosmos SDK-based blockchain built on top of the Tendermint blockchain. This means that it is incompatible with Ethereum, which is coded on Solidity, while Cosmos chains uses Rust and Go programming languages.
However, the Cronos chain is meant to bridge the gap between these two chains, and that is thanks to the usage of Ethermint. Ethermint allows for the running of Ethereum / EVM chains as a Cosmos application, thus making the two blockchains compatible. It has all the features of Ethereum but also benefits from Tendermint’s PoS implementation.