Cryptocurrency trade Crypto.com has launched a completely decentralized open-source public blockchain, the Crypto.org Chain.
In an announcement in the present day, the crypto trade mentioned it had launched its Crypto.org public blockchain after greater than two years of analysis and growth, two testnets, and a mainnet dry run with 275 million transactions reportedly processed inside a month. The blockchain’s native token would be the Crypto.org Coin (CRO).
Final month, Crypto.org burned greater than 70 billion CRO — roughly $10 billion on the time — upfront of the mainnet launch. The brand new chain has already processed greater than 7,00zero transactions on the time of publication, which Crypto.com mentioned was aimed toward “funds, DeFi and NFTs.”
“Decentralization issues,” mentioned Crypto.com CEO Kris Marszalek. “As we speak, you’re confronted with unhealthy choices. You should utilize Blockchain A and pay excessive charges in a sluggish, congested, however decentralized setting. OR, you should use Blockchain B, quick, low price, however recognized to be fully centralized.”
With greater than 10 million customers, the crypto trade has made vital choices this month with the launch of a nonfungible token, or NFT, platform with unique content material from artists. As well as, the agency just lately joined the Visa community to broaden the attain of its crypto bank card.