Cronos Beginner's Guide - Part 1

For a smart contract Layer 1 (L1) blockchain, adoption is important. People need to be using the L1 chain. To measure adoption, the Total Value Locked (TVL) metric does the job. Indeed, the greater the value held on a chain, the more interest and usage exists of said chain. Today, we’ll be discussing an L1 chain which ranks #10 in TVL. This blockchain is none other than Cronos.

In part 1 of this Cronos Beginner’s Guide series, we’ll explain to you what is Cronos exactly. We’ll also take a look at how to run a validator on Cronos. Furthermore, we’ll run through how to use its bridge and stake its native $CRO token.

What Is Cronos Blockchain?

Simply put, Cronos is a smart contract L1 blockchain. It is also compatible with the Ethereum Virtual Machine (EVM). This means that apps and contracts from Ethereum can migrate to Cronos easily. Moreover, Cronos is interoperable with Cosmos projects as well. These include BNB Chain, Cosmos Hub, and more.

Cronos hopes to scale the adoption of DeFi, NFTs, gaming, and the metaverse. And, it is not just all talk. Currently, its blockchain can process a high amount of Transactions Per Second (TPS). All while keeping transaction costs low and speeds fast. This provides the foundation to increase retail adoption.

Cronos Beginners Guide - Cronos

Cronos was created by Cronos Labs, a partner of Currently, it has a TVL of $365 million.

How to Be a Validator on Cronos?

As of now, there’re a total of 23 validators for the Cronos chain. If you’re technically adept and would like to be #24, pay attention! We’ll do a brief run-through on how you can start a validator node on Cronos.


To run a default full node, your device will need the following:

  • Storage: ~1.5 Terabytes.
  • RAM: 4 GB (LevelDB) or 64G RAM (RocksDB).
  • CPU: 4-core.

For prerequisites to run a pruned node or archive node, you can refer to the link here.

Setup Guide

As the nature of setting up a node is very technical, we will not detail the steps in this article. However, you can follow the link here to set it up.

How to Bridge to Cronos?

Moving funds over to Cronos is but a simple affair. You can just use the Cronos bridge. For now, it supports bridging of assets for Cronos with:

  • Akash
  • Cosmos
  • chain

Do note that the Cronos bridge is suitable only if your initial assets are on one of the above three chains. If so, the steps below will detail your bridging process to Cronos:

  • Connect your first wallet. The “Connect Wallet” button will be at the top right hand side of your screen. This will connect the bridge to your source chain.
  • Connect your second wallet. Click on the “Connect Second Wallet” button. This connects the bridge to your destination chain, Cronos. The bridge supports Keplr and the DeFi wallet.
  • Select the asset type and amount to bridge to Cronos. 

Once that’s done, you’re ready to bridge your assets to Cronos. Click on the “Transfer Assets” button, and your funds will be on its way.

Cronos Beginners Guide - Cronos bridge
How to Stake $CRO Tokens on Cronos?

Alright! You’ve bridged your assets over to Cronos. And you’ve got some $CRO tokens here too. But, what can you do with it? One good option would be for you to stake it. To learn how you can do so in the simplest way, read on!

To start staking $CRO, you’ll need to:

  • Get the DeFi wallet. If you need help on how to set it up, refer to our previous guide here.
  • Fund said wallet with $CRO tokens. 
  • Follow the steps in this guide to stake $CRO tokens. You’ll be using the DeFi Earn feature within the wallet itself. With DeFi Earn, you can view the returns for your stake. Moreover, you’ll be able to choose the validator that you’ll be staking with.

Cronos has been sticking around for some time in the TVL rankings. With the strong backing of, the Cronos blockchain will only continue to grow.

As of time of writing, the $CRO token price is $0.068. Its market cap ranks at #36, and its total supply of tokens is 30.26 billion. Out of these, 25.26 billion $CRO tokens circulate.

In part 2 of our Cronos Beginner’s guide, we’ll go through how to buy $CRO from different exchanges. In addition, we’ll look at Cronos’ very own domain name service and how to use its block explorer.

⬆️ For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

⬆️ Check out our most up-to-date research, NFT and Metaverse buy, and how to protect your portfolio in this market by checking out our Altcoin Buzz Access group, which for a limited time, is FREE. Try it today.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.