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Kroma (KRO): The Layer 2 Supercharging Gamified Web3

Intermediate
web3
Explainers
Altcoins
GameFi
Nov 6, 2024
9 min read
0

Gaming is one of the fastest growing niches in the crypto industry, but further growth of web3-based games and gaming platforms is hampered by network congestion, poor scalability and high transaction fees on Ethereum (ETH) — a blockchain that is frequently the default choice for decentralized app (DApp) developers. To provide a smooth gaming experience, the underlying platform needs to feature near-instant transactions, low latency and affordability. Unfortunately, Ethereum often struggles in all of these areas.

Kroma is a Layer 2 (L2) rollup solution dedicated to web3 gaming that aims to address the speed and cost inefficiencies of the Ethereum Layer 1 (L1) blockchain. Using a combination of optimistic and zero-knowledge (ZK) rollup features, Kroma features two-second block times and gas fees of tiny fractions of a cent. Having launched its mainnet in September 2023, Kroma has already built up a young but thriving ecosystem of DApps, not only in the niche of gaming but also in decentralized finance (DeFi), non-fungible tokens (NFTs), infrastructure and more.

Key Takeaways:

  • Kroma is a Layer 2 rollup solution dedicated to web3 gaming and designed to address the cost and speed inefficiencies of the Ethereum blockchain.

  • Its platform combines the elements of optimistic rollups with zero-knowledge (ZK) proofs.

  • The network's native cryptocurrency, KRO, is envisioned to support three key functions — staking, governance and gas fee payments. You can participate in the KRO airdrop via Bybit Airdrop Hunt or KRO's community airdrop.

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