Chromia, a blockchain forum that backs the dApp deployment with the use of smart contracts, has announced an exclusive development. As per the platform, it has set July 16th as the date for the release of its latest project “MVP Mainnet” which is an interactive blockchain network. The company disclosed that the project will provide the base for the overall Chromia network.
Chromia Confirms July 16th as the Date for the Release of Its MVP Mainnet
In addition to this, the endeavor also denotes the starting point of the local CHR token of the platform. The release of the respective project will reportedly expand the operations of the present CHR coin. With this development, the platform can bridge the CHR coin to the MVP Mainnet. At present, Chromia issues it on the BNB Chain as BEP-20 and on Ethereum as ERC-20. The release of the MVP Mainnet will commence CHHRhHR’s core functions.
These operations stand as an essential part of the security and functionality of the company. They take into account, payment of the hosting fees on the network as well as the provider payouts. Following MVP Mainnet’s launch, the project will exclusively handle the respective operations. Henrik Hjelte, the co-founder of Chromia, disclosed his viewpoint while discussing this initiative.
Hjelte stated that the journey of his company started 12 years back with Colored Coins. The respective project was reportedly the earliest-ever token protocol. After that, the firm introduced a stablecoin that was supported by a bank. In addition to this, the company also considered that the relational databases’ integration with blockchain has significant potential. The respective concept paved the way for Chromia’s establishment.
The Initiative Prioritizes Offering a Streamlined Consumer Experience
As Hjelte mentioned, following years-long development, the relational blockchain’s idea is realized with the new project. Alex Mizrahi, another co-founder of the platform, said that Chromia combines several things. It reportedly integrates blockchain architecture, database theory, as well as ideas concerning cloud computing.
With this, it focuses on offering a complete series of instruments required to provide a remarkable user experience. According to Mizrahi, this launch leads toward the future development of the platform. While the MVP Mainnet establishes the core network operations of Chromia, the upcoming evolution stage will witness a gradual jump in the activity within the network.