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Cronos is the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com and more than 500 app developers and partners. Cronos is an Ethereum-Virtual Machine (EVM) compatible blockchain powered by Ethermint and built with the Cosmos SDK that supports the Inter-Blockchain Communication (IBC) protocol.
Proof of Authority-
It is a consensus mechanism where validators are selected based on their reputation. It requires less computing power.
Architecture-
· Ether Mint- Ethermint is a scalable and interoperable Ethereum, built on Proof-of-Stake with fast-finality.
The Cosmos SDK is open-source and designed to make it easy to build blockchains out of composable modules.
Tendermint's Core BFT Proof-of-Stake consensus engine, a scalable and energy-efficient blockchain consensus.
Built on Ethermint, which supports rapid porting of apps & smart contracts from Ethereum and other EVM-compatible chains.
Cronos zkEVM Chain public testnet, a zero-knowledge (ZK) layer 2 blockchain network represents a significant milestone on Cronos' journey towards scalability and mainstream adoption.
Transaction per second - 10000
Block time finality- 5 to 6 seconds
CROUSD surged more than 100 in the past month. It holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $0.1545 and is currently trading around $0.13784.
The bullish invalidation can happen if the pair closes below $0.0700. On the lower side, the near-term support is $0.1150. Any break below targets $0.100/$0.0700. Any breach below $0.0070 targets $0.0050.
The pair's near-term resistance is around $0.155. Any breach above confirms minor bullishness. A jump to $0.1750/$0.200 is possible. A surge past $0.20 will take it to $0.25/$0.30.
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It is good to buy on dips around $0.100 with SL around $0.070 for TP of $0.20.
