Cronos is a decentralised and open-source blockchain, which was developed by Crypto.com, which is a financial services and trading organization. The platform offers a host of services such as exchanges, brokerages, debit cards, Defi, lend/borrow, etc. The Cronos chain is a product of Crypto.com’s fleet, which is designed to empower the mass adoption of cryptocurrencies.
The CRO blockchain caters to the primary purpose of supplementing Crypto.com’s mobile payments app. CRO is the native token and one of the products of the Chain, which intends to build a network of projects. And helps emerging merchants accept cryptocurrencies as a form of payment. The network is built on proof of authority(POA).