Crypto.org vs Cronos

Like many people I have been wondering why Crypto.com need to have two blockchains i.e. Crypto.org and Cronos. Both are using $CRO as the fuel i.e. network fees.

If you look at pages 42-44 of their whitepaper, they explain it clearly: https://crypto.com/images/crypto_com_whitepaper.pdf

Crypto.org

"Crypto.org Chain is the next-generation public blockchain that enables transactions worldwide between people and businesses. It is also the technology that powers Crypto.com Pay, our mobile payment solution (see section above), and will be used to revolutionize the world of payments, DeFi and NFT."

Cronos

"Cronos is an Ethereum Virtual Machine (EVM) compatible chain running in parallel to Crypto.org Chain. Cronos is supported by Particle B's $100m EVM fund with access to the 10M+ user base of the Crypto.com ecosystem. The base settlement currency of Cronos is CRO, the native currency of the Crypto.org Chain."

So Crypto.org is more like their payment network because it is faster and lower cost whereas Cronos is an EVM compatible chain which serves as the gateway to Web 3.0; Metaverse, DeFi, NFT, DAO.


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