Chromia Launches MVP Mainnet, Marking the Beginning of the Relational Blockchain Era
Stockholm, Sweden, July 16th, 2024, Chainwire
Chromia, the Layer-1 relational blockchain platform, has launched its MVP Mainnet, marking a significant milestone for the decentralized application platform. The launch introduces the native CHR token and establishes the foundation of the Chromia network, setting the stage for ecosystem growth.
The MVP Mainnet launch is a pivotal moment for Chromia, enabling the migration of ERC-20 and BEP-20 CHR tokens to the network. The launch also establishes essential functions including payment of network hosting fees and provider payouts, managed on Chromia’s infrastructure.
Henrik Hjelte, Chromia’s co-founder, expressed his enthusiasm: “Our journey began twelve years ago with Colored Coins, the world’s first token protocol. After years of development, we are thrilled to see the concept of relational blockchain become a reality. The MVP Mainnet represents a significant step forward in realizing our vision.”
Chromia’s relational blockchain approach redefines how data is structured and managed on-chain, making complex searches and calculations more efficient. This innovation eliminates the need for third-party indexing services and data availability layers, improving the overall efficiency and usability.
In addition, Chromia offers a fresh take on blockchain economics. Developers can lease resource containers and design revenue streams within their dapps, allowing users to enjoy a ‘gas-free’ user experience. This streamlined approach reduces friction for end users and introduces new Web3 business models.
Alex Mizrahi, co-founder of Chromia, highlighted the impact of this launch: “Chromia combines blockchain architecture with ideas from cloud computing and database theory to provide a full spectrum of tools needed to deliver an amazing end-user experience. This launch sets the stage for the future growth and development of our network, and I’m excited to see what developers can create with our technology.”
With the MVP Mainnet live, Chromia is set to see a gradual increase in network activity as ecosystem projects deploy dapps. The network will be dynamically expanded with more dapp clusters as demand increases, providing a scalable and flexible infrastructure for future growth.
Chromia’s ecosystem includes notable gaming projects such as My Neighbor Alice and DAR Open Network, as well as emerging projects like Chain of Alliance and Cloudborn. Beyond gaming, the ecosystem extends to other areas, including Fanzeal, a digital collectibles solution for sports, and a number of other third-party projects that include NFT marketplaces and DeFi protocols.
The upcoming developments for Chromia involve the implementation of Native Staking and Delegation by the end of Q3, improvements to the bridge infrastructure, and further core upgrades. These initiatives aim to enhance the functionality and performance of the platform, supporting its continued growth and adoption within Web3.
About Chromia
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.