Cronos
| Specifications | Details |
|---|---|
| Platform (underlying architecture) | Cosmos-SDK |
| Consensus Algorithm | Proof-of-Stake |
| Ecosystem | Cronos runs within the Cosmos ecosystem, but is designed to be EVM-compatible. Meaning it connects to both the Cosmos chain and Ethereum ecosystem (via smart contracts and tooling capabilities) |
| Token | CRO |
| Native Token Ticker | $CRO |
| Smallest Unit | basecro (1 CRO = 10^6base cro) |
| ARR or APY | ~8.5% APR |
| Max Supply | Not explicitly capped, but approximately ~5 billion CRO allocated for staking rewards over 10 years |
| Delegation Requirements (Min-Max) | No max or min |
| Stake Activation Period | Takes effect immediately upon delegating |
| Reward Distribution Period | Every block, rewards accrue instantly |
| Compounding | Manual |
| Compounding Frequency | Must reinvest your rewards after manually claiming them. |
| Unbonding Period | 28 days |
| Lockup Period | 28 days |
| Penalties and Slashing | Enabled, but validators are only slashed for double signing. 5% of stake is slashed |
| Burn Mechanism | Token burning occurs via network fees currently |
| Validator Self-Bond Requirement | Must be within the top 100 validators |
| Inflation | Approximately 2.5%, the rate is dynamic so it can change based on block validation |
| Validator Set Diversity | 100 Validators |
| Governance Mechanism | Cosmos style governance, proposals and 14 day deposit/voting periods |
| Smart Contract Support | Full EVM compatibility, supports Solidity and EVM tooling as well |
| Smart Contract Programming Language | Solidity |
| Cross-chain Compatibility (Interoperability) | Seamlessly operates with Ethereum tokens/contracts. |
| TPS (Transaction Throughput) | Real time TPS is said to be approximately 0.36 transactions per second |
| Transaction Finality | Approximately 5.6 seconds per block |
| Link to Explorer(s) | Cronos Explorer, Dashboard , Cronos POS |
| Testnet Faucet | |
| Figment’s Public Validator Address | crocncl1eq8z0hxuyt2rggqrcp8w0nwj4jru078d4sr32t |
| Figment Staking Guide | |
| Figment Supported MEV Relay | |
| Recommended Wallet(s) | Crypto.org DeFi Wallet, Keplr, Metmask, Ledger, Crypto.com Exchange |
| CoinGecko Profile | https://www.coingecko.com/en/coins/cronos |
Updated 11 months ago
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