Cryptopedia - Cronos

## What is Cronos? Cronos is an institutional-grade, high-performance, EVM-compatible Layer-1 blockchain built on the Cosmos SDK and integrated with the Inter-Blockchain Communication (IBC) protocol, designed as the backbone for open, compliant, and AI-accessible tokenized markets. It supports up to 60,000 transactions per second (TPS), 500ms block times, instant finality, and sub-$0.01 fees via Proof of Authority consensus. Cronos has processed over 150 million transactions for 1.8 million users while securing $500 million in TVL. In addition, through its partnership with Crypto.com, Cronos delivers direct access to 150M+ users, ensuring unmatched scalability and global reach.