What Is Crypto.com Chain?

1. What Is Crypto.com Chain?

Crypto.com Chain is a blockchain developed by Crypto.com to enable fast, secure cryptocurrency transactions between users and merchants. Built on the Cosmos SDK and Tendermint Core, it supports scalable, high-throughput operations, powering Crypto.com's App, Exchange, and DeFi Wallet, while enabling developers to build decentralized applications (dApps).

2. Why Crypto.com Chain Was Created

Crypto.com Chain was created to overcome inefficiencies in traditional payment systems. It delivers instant, low-cost cross-border payments, enhances transparency, and reduces reliance on legacy financial infrastructure, making cryptocurrency more practical for everyday use by both consumers and businesses.

3. How Crypto.com Chain Works

1. Users initiate transactions through the Crypto.com App or DeFi Wallet, selecting their preferred cryptocurrency and recipient.
2. Transactions are signed using private keys to ensure security and authenticity.
3. Signed transactions are broadcasted to the Crypto.com Chain network for validation by validators.
4. The network uses Tendermint Core’s Byzantine Fault Tolerance (BFT) consensus to confirm transaction validity.
5. Validated transactions are added to the blockchain, updating the recipient’s wallet balance instantly.
6. Merchants receive payments in their preferred cryptocurrency, with optional conversion to fiat or other digital assets.

4. Key Features of Crypto.com Chain

• High throughput capable of processing thousands of transactions per second
• Low transaction fees compared to traditional payment systems
• Interoperability with multiple cryptocurrencies and blockchain networks
• Decentralized governance allowing stakeholders to participate through staking and voting
• Strong security using advanced cryptography and robust consensus mechanisms

5. Who Can Use Crypto.com Chain?

• Retail users seeking secure and efficient cryptocurrency transactions
• Merchants looking to accept digital payments and streamline operations
• Developers building decentralized applications on a scalable blockchain
• Institutions exploring blockchain solutions for cross-border payments and digital asset management

6. What Is the $CRO Token?

$CRO is the native token of Crypto.com Chain. It serves multiple purposes within the ecosystem:

• Used to pay for transaction fees across the network
• Stakable to participate in consensus, earn rewards, and enhance network security
• Gives holders governance rights to vote on protocol upgrades and decisions
• Enables rewards and incentives, including cashback and premium features within Crypto.com
• Required for accessing higher-tier benefits such as increased Crypto.com Visa Card cashback rates