After more than two years of research and development, two testnets, and a mainnet dry run, the crypto exchange announced today that it has launched its Crypto.org public blockchain, which has completed 275 million transactions in less than a month. The Crypto.org Coin will be the blockchain’s native token (CRO).
In preparation for the mainnet launch, Crypto.org burned more 70 billion CRO. At the time of publication, the new chain had handled over 7,000 transactions, according to Crypto.com, and was designed for “payments, DeFi, and NFTs.”
“Decentralization is important,” said Kris Marszalek, CEO of Crypto.com. “Right now, you’re faced with awful choices. In a slow, congested, yet decentralised environment, you can use Blockchain A and pay hefty fees. OR you can use Blockchain B, which is speedy and low-cost but has a reputation for being entirely centralised.”
The crypto exchange has made substantial offerings this month with the debut of NFT, platform with unique content from artists, which has more than 10 million members. Furthermore, the company just joined the Visa network in order to broaden the reach of their cryptocurrency credit card.