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Blockchain platform Chromia officially launches MVP mainnet, 'Gas-free' user experience may give rise to new opportunities for Web3

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Release: 2024-07-19 12:45:41
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Blockchain platform Chromia officially launches MVP mainnet, Gas-free user experience may give rise to new opportunities for Web3

Recently, Layer 1 relational blockchain platform Chromia announced the launch of MVP mainnet, marking an important milestone for its decentralized application platform. It is reported that MVP mainnet will introduce native CHR tokens and build a powerful Chromia network infrastructure to further its ecosystem development.

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 and help enterprises build new Web3 business models by providing real-time indexed local queryable data services.

Chromia's approach to building relational blockchains redefines how data is structured and managed on-chain, making complex searches and calculations more efficient. Its innovative solution eliminates the need for third-party indexing services and data availability layers, The overall efficiency and usability have been greatly improved.

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 collections: such as Fanzeal, a sports digital collectibles solution;
  • Third-party projects: such as NFT markets and DeFi protocols, etc.

In addition, through an in-depth interpretation of blockchain economics, Chromia allows developers to rent resource containers and design their own revenue streams in their dApps, allowing users to enjoy a "gas-free" user experience. This simplified approach eliminates the need for end users to User experience friction also makes it easier for developers to introduce new Web3 business models.

What’s next?

This MVP mainnet release can be said to be a key event in the development of Chromia. It not only enables the CHR tokens under the ERC-20 and BEP-20 protocols to be migrated to its mainnet network, but also simultaneously builds a series of Chromia-based tokens. Powerful features for infrastructure, including web hosting fee payments, service provider payments, and more.

Blockchain platform Chromia officially launches MVP mainnet, Gas-free user experience may give rise to new opportunities for Web3

Chromia co-founder Henrik Hjelte said: “Chromia’s journey began twelve years ago with Colored Coins, the world’s first token protocol, and it’s great to see how it has developed over the years. When the concept of relational blockchain becomes a reality, the release of MVP mainnet represents an important step for Chromia in realizing its vision.” Alex Mizrahi, co-founder of Chromia, emphasized the impact of this MVP mainnet release. He said: "Chromia combines blockchain architecture with the concepts of cloud computing and database theory, and its holistic tools provide an excellent end-user experience. This MVP mainnet release lays the foundation for the future growth and development of the Chromia network. It’s great to see developers innovating with Chromia’s technology.”

Upcoming development work for Chromia includes:

Implementing Native Staking and Delegation by the end of the third quarter;
  • Optimizing bridging infrastructure;
  • Further core upgrades.
  • The above initiatives are designed to enhance the functionality and performance of the platform and support the continued growth and adoption of Chromia in Web3. As the MVP mainnet goes online, more and more ecosystem projects will deploy dApps on Chromia, and its network activities are bound to gradually increase. 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.

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source:panewslab.com
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