Recently, the Layer 1 relational blockchain platform Chromia announced the launch of the MVP mainnet, marking an important milestone for its decentralized application platform. It is reported that the MVP mainnet will introduce native CHR tokens and establish a powerful Chromia network infrastructure to further promote the development of its ecosystem.
What is Chromia?
Chromia is a Layer 1 relational blockchain platform that uses a modular framework to provide users and developers with dedicated dApp chains, customizable fee structures, and high-quality digital assets. Chromia's goal is also very clear, which is to fundamentally change the information structure on the blockchain, simplify the end-user experience by providing real-time indexed local queryable data services and help enterprises build new Web3 business models.
Chromia's approach to building a relational blockchain redefines the structure and management of data on the chain, making complex searches and calculations more efficient. Its innovative solutions eliminate the need for third-party indexing services and data availability layers, greatly improving overall efficiency and availability.
At this stage, the coverage of the Chromia ecosystem is very wide, mainly including:
Game projects: such as My Neighbor Alice and DAR Open Network;
Emerging projects: such as Chain of Alliance and Cloudborn;
Digital collectibles: such as sports digital collectibles solution Fanzeal;
Third-party projects: such as NFT markets and DeFi protocols.
In addition, by deeply interpreting blockchain economics, Chromia allows developers to lease resource containers and independently design revenue streams in their dApps, allowing users to enjoy a "gas-free" user experience. This simplified approach eliminates friction in the end-user experience and makes it easier for developers to introduce new Web3 business models.
What’s next?
The launch of the MVP mainnet is a key event in the development of Chromia. It not only enables the migration of CHR tokens under the ERC-20 and BEP-20 protocols to its mainnet, but also simultaneously builds a series of powerful functions based on Chromia’s infrastructure, including network hosting fee payment, service provider payment, etc.
Henrik Hjelte, co-founder of Chromia, said: "Chromia's journey began twelve years ago with Colored Coins, the world's first token protocol. After years of development, it is exciting to see the concept of relational blockchain become a reality. The MVP mainnet launch represents an important step for Chromia in realizing its vision."
Alex Mizrahi, co-founder of Chromia, highlighted the impact of the MVP mainnet launch, saying, “Chromia combines blockchain architecture with ideas from cloud computing and database theory, and its holistic tools provide an excellent end-user experience. This MVP mainnet launch lays the foundation for the future growth and development of the Chromia network, and it’s exciting to see developers innovate with Chromia’s technology.”
Next, Chromia's upcoming development work includes:
Native Staking and Delegation will be implemented at the end of the third quarter;
Optimizing bridging infrastructure;
Further core upgrades.
The above measures are designed to enhance the functionality and performance of the platform and support the continued growth and adoption of Chromia in Web3. With the launch of the MVP mainnet, more and more ecosystem projects will deploy dApps on Chromia, and its network activity is bound to increase gradually. At the same time, increased demand will also drive the dynamic expansion of the Chromia network to support more dApp clusters, providing a scalable and flexible infrastructure for future growth.
