Crypto1

Crypto1 is a blockchain protocol and native cryptocurrency designed to support fast, low-cost transactions and programmable applications. It was introduced in 2019 by a developer consortium known as the Crypto1 Foundation and launched its mainnet in 2020. The project presents itself as an open, permissionless platform for decentralized finance, gaming, and decentralized applications, with an emphasis on scalability and governance.

Technology: Crypto1 uses a proof-of-stake consensus and a modular architecture intended to separate the execution layer from the consensus layer, enabling upgrades through on-chain governance. Smart contracts on Crypto1 run in a dedicated language designed for secure execution and interoperability with the platform's tooling.

Economy: The native token, CR1, serves for transaction fees, staking rewards, and governance participation. The supply model combines capped issuance for staking rewards with mechanisms intended to manage inflation and encourage network security.

Governance and security: On-chain governance lets CR1 holders vote on protocol upgrades and parameter changes. The project has undergone several independent security audits, with bug bounty programs and community safety initiatives contributing to ongoing risk mitigation.

Reception and status: Crypto1 has attracted attention for its claimed throughput and low fees but faces competition from other smart contract platforms. It remains subject to regulatory developments affecting token sales and exchange listings, and some observers caution about staking centralization and the pace of ecosystem development.