Crypto.com Coin (CRO), has finally made the long-requested name change. Henceforth, the altcoin “Crypto.com Coin” is replaced by “Cronoswill be named “.
This move is about altcoin Blockchain, which is still in beta, is thought to be made to have the same name as Cronos.
Most Users Didn’t Use The Name “Crypto.com Coin”
The name change, which has been requested by users for a long time, has thus been realized. Before the name change, most users used the short name CRO for this altcoin instead of “Crypto.com Coin”.
However, some users criticized such a name change after all the advertising campaigns of Crypto.com.
Some users, along with this name change cryptocurrency He thinks that he will not be more decentralized, only that the central structure he has will be hidden.
The origin of the new name is thought to be Cronus, the son of Uranus, who is known as the ruler of the universe in mythological Greek mythology.
Crypto.com officials think the new name better reflects the decentralized nature of the CRO altcoin and the growth experienced in the Cronos ecosystem.
According to the developers, Cronos allows for faster and cheaper transactions than Ethereum, making decentralized applications and smart contracts work more user and environmentally friendly.
Recently, Binance also made a similar move by changing the name of Binance Coin. It is thought that these steps were taken to prevent cryptocurrencies from being mentioned with a centralized structure. Binance also changed the name of the Binance Smart Chain network and announced that it will be referred to as BNB Chain from now on.