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) | |
Testnet Faucet | |
Figment’s Public Validator Address | |
Figment Staking Guide | |
Figment Supported MEV Relay | |
Recommended Wallet(s) | Crypto.org DeFi Wallet, |
CoinGecko Profile |
Updated 3 days ago