’s Blockchain Structure • Benzinga

Home to a wealth of investment and cryptocurrency products, most users know for its exchange, wallet and cryptocurrency-backed credit card services. However, many users may not be aware that also offers its own native token, CRO

CRO is the native token to the Chain, an open-source, decentralized blockchain developed to make payments faster and less expensive. recently announced that it will be moving CRO from its role as an ERC-20 reward token to its own native blockchain — and CRO is continuing to move up in total market capitalization.

If you’re interested in learning more about the technology behind CRO and its potential future role as a payment system, our beginner’s guide is an excellent place to start. We’ll introduce you to the basics of blockchain technology and how CRO’s new platform will aim to solve some of the largest problems currently facing the Bitcoin blockchain structure. We’ll also teach you a little more about how you can add CRO to your cryptocurrency investment portfolio. 

What is CRO?

CRO is the native token of the platform. Although CRO was originally developed as an ERC-20 token (meaning that it was built using the Ethereum network), Chain has recently announced the launch of its own public, open-source blockchain. If you previously owned CRO’s ERC-20 variant, Chain provides a custom Token Migration Web Tool that allows you to transfer your current ERC-20 tokens onto the new chain. Coin (CRO) is a native token that powers the full suite of services offered by

CRO powers the Chain, which allows you to use cryptocurrency to pay more online merchants when compared to current options. CRO acts as an intermediary currency, allowing you to convert your cryptocurrencies into fiat counterparts at a much-reduced cost. Chain aims to provide a more affordable and accessible way to pay for online purchases using cryptocurrencies while also offering solutions for traditional problems associated with scaling Bitcoin.

Scaling is a major problem preventing the wider integration of blockchain technology. “Scalability” refers to a blockchain’s ability to cope with a large influx of transactions that occur on the blockchain simultaneously. If a blockchain isn’t optimized for scalability, users who initiate transactions beyond the blockchain’s threshold will remain in a queue. Those who paid the largest amount in commission retain first place in the queue. Chain aims to provide a solution to the problem of scalability by offering immediate payment confirmations while also supporting scaling in line with an increasing number of transactions. The target confirmation time of Chain is less than 1 second, and the platform promises to support more than 50,000 transactions per second when the implementation of the testnet is completed.