Crypto.com supports Cronos cross-bridge mainnet beta launch

The Cronos team published a Medium post explaining the complex procedure of bridging cross-chain properties, such as from Crypto.coms environment, to Cronos, or from Crypto.org to Cronoss chain through IBC.

Cronos roadmap for Q1-2022 consists of strategies to introduce Gravity Bridge mainnet, and integrate IBC channels and IBC tokens whitelist.
Learn more

Designers will be able to port decentralized apps (dApps) and wise contracts from Ethereum or EMV-compatible chains onto the Cronos network at an inexpensive, fast speed thanks to its Inter-Blockchain Communications protocol combination. This will make Crypto.coms 10,000,000-strong customer base more available.

Cronos announced the beta launch of its mainnet in an effort to enhance interoperability amongst the Cosmos (EVM) and Ethereum Virtual Machines (EVM).

Cronos released their testnet service in July and have given that processed 1.5 million deals utilizing more than 600,000 wallet addresses. Crypto.com CEO Kris Marszalek, co-founder of the business, stated that he anticipated an “surge in activity on Cronos” and vowed to support the success of developers jobs.

This advocacy was revealed by the launch by Particle B, a blockchain accelerator, of a $100 million grant program. It will similarly designate $1 million to 100 tasks that release their applications on Crypto.org.

Epic Day 1 at @cronos_chain Mainnet Launch https://t.co/pFc4PzqqHR App incorporated https://t.co/pFc4PzqqHR Exchange incorporated DeFi Wallet incorporated Cronos Bridge live First CRC20 assets developed #CRO ATH Huge thank you to the entire #CRO community
Crypto.com (@Kris_HK) November 8, 2021

Cronos is constructed upon the Cosmos blockchain, powered by Ethermint, a proof-ofauthority consensus mechanism, and runs together with the Crypto.org Chain.

Related: Crypto.com is # 1 in the Google Play Store United States

The Cronos community has actually drawn in more than twenty validators given that its launch. These consist of Bison Trails and a number popular decentralized oracles like Chainlink and Band Protocol.