What is Cronos?

Cronos is an EVM-compatible Layer-1 blockchain built on the Cosmos SDK and integrated with the Inter-Blockchain Communication (IBC) protocol. It uses Proof of Authority consensus and is described as providing high performance features including up to 60,000 transactions per second, 500 ms block times, instant finality, and sub-$0.01 fees.

The project positions Cronos as a backbone for open, compliant, and AI-accessible tokenized markets. No founding year, founder names, supply cap, or governance model are provided in the source text.