Cronos ranks within the top 10 blockchains by Total Value Locked (TVL). It is compatible with other Ethereum Virtual Machine (EVM) chains. Moreover, it’s built using Cosmos’ technology. So, it can interoperate with Cosmos projects as well.
Today, Cronos’ DeFi ecosystem is thriving. This is due to the innovative decentralized applications (dApps) building atop of it. In part 2 of this Cronos Beginner’s Guide series, we’ll explore one such dApp – Cronos Name Service. We’ll also run through how to use Cronos’ block explorer, and how to buy its native $CRO token.
Before we begin, do catch up with part 1 of this article series first. Once that’s done, let’s move on!
Cronos’ Domain Review
Now, if you’ve been using DeFi and NFT dApps, you’ll likely know about .eth domains. Some dApps like ENS or Unstoppable Domains allow crypto users to obtain a human-readable address. For instance, abcxyz.eth or cryptoradahn.eth. These are much easier to read compared to “0x” format addresses. Cronos.domains is the web domain for Cronos Name Service (CNS). CNS to Cronos is similar to what ENS is to Ethereum.
I’ve just registered my first @Cronos_domains
jasper.cro is now going to be my forever domain for #cronos, and my new name on twitter 💎
LFG #crofam pic.twitter.com/emtseJB3F2
— jasper.cro🌱(●ˇ∀ˇ●) (@jasper_cro) November 30, 2022
So, how can you be like Jasper above, who has got his own .cro domain? It’s pretty simple.
- First, head on over to the CNS site.
- Then, type in the name of your choice.
- Next, connect your Cronos wallet. You can do so by clicking on the “Connect” button.
- Lastly, you’ll be re-directed to a registration site. Here, you’ll make the payment for your domain in $USDC.
That’s it! You’re now a proud owner of a .cro domain.
What Is Cronos ID?
Since we’re on the topic of domain providers, let’s talk about Cronos ID. Simply put, it’s a competitor to CNS. It’s also a .cro domain name provider. You can get your .cro domain from either CNS or Cronos ID.
To get your .cro domain from Cronos ID, head on over to its website. Then, enter your name of choice into the search bar. If it’s available, you can then purchase it. The method of getting a domain is similar to CNS’. The only difference is that CNS charges you $USDC for a domain, while Cronos ID charges you $CRO.
How Do You Use Cronos’ Explorer?
Ok! That’s enough for domain name providers. Moving on, we’re going to talk about block explorers. The top block explorer for Cronos is Cronoscan. So, it’ll be our focus for this section.
Before we proceed, let’s do a quick recap on what block explorers are. These are interfaces which allow you to view all transactions and interactions on a blockchain. All established blockchains have their own explorers. Some examples include:
- Etherscan for Ethereum.
- Solscan for Solana.
- Cardano Explorer for Cardano.
As a user of Cronos, you’ll definitely need to use Cronoscan. Let us give you a quick run through. In the sections below, we’ll guide you on two easy ways to use Cronoscan.
Input Transaction Hash
By providing a transaction hash input, you can view a lot of on-chain information. These comprise of:
- Status of the transaction. For example, your transaction could be pending, successful, or failed.
- Block. This is the block number of your transaction.
- Timestamp. This displays the date and time the transaction was initiated.
- From / To. This shows the sending and receiving addresses.
- Value / Transaction Fee. This shows the value of transaction and the fees paid to complete it.
Input Address
When you input a crypto address, you can get a ton of on-chain information too! You can view all the transactions that the crypto address’ owner has made. Aside from that, you can view each transaction’s key information. These include:
- Transaction Hash. This is the transaction’s identifier.
- Transaction Method. For example, “transfer,” “mint,” “approve,” “deposit,” “stake,” “swap,” and “compound”.
- Block. This is the block number of the transaction.
- Age. This shows the time past which the transaction was started.
- From / To addresses. This shows the addresses of the sender and recipient.
- Transaction Values and Gas fees paid.
That’s pretty cool, isn’t it? That’s the beauty of blockchain. Being fully transparent. Cronos is too, since its explorer can view any transaction on the Cronos chain.
How to Buy $CRO?
It seems like you’re pretty bullish on the Cronos chain. Then, stick around! We’re revealing two of the easiest ways to get some $CRO in your wallet.
- Method #1 – Using Crypto.com. With centralized exchanges (CEXs) like Crypto.com, you could sell your $USDT tokens for $CRO. You can do this using their spot trading function. The screenshot below reflects the $CRO/$USDT trading pair for Crypto.com.
Source: https://crypto.com/exchange/trade/CRO_USDT - Method #2 – Using VVS Finance’s Bling Swap feature. Before using this method, make sure you’ve got $USDT in your Cronos wallet. Then, to get $CRO, all you’ve to do is to convert your $USDT to $CRO. You can do so using its user-friendly interface below. However, do note that you’ll need a small amount of $CRO first to perform this swap. If you do not, we suggest you use method #1 first. This will help you to get enough $CRO to pay for on-chain gas fees.
Source: https://vvs.finance/swap
Conclusion
We’ve come to the end of this two-part series to the Cronos chain. We hope you’re able to take away much of the basics we’ve discussed today.
As of time of writing, the $CRO token price is $0.0746. Its market cap ranks at #35, and its total supply of tokens is 30.26 billion. Out of these, 25.26 billion $CRO tokens circulate.
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