This launch is a big step for Chromia and its CHR token.
The current CHR token is transitioning from ERC-20 on Ethereum and BEP-20 on BNB Chain to the new MVP Mainnet. Let’s look at what this launch means for Chromia.
What is the MVP Mainnet all about?
The MVP Mainnet forms the base of the Chromia network. It will handle network hosting fees and provider payouts, enhancing its security and operation.
Henrik Hjelte, who helped start Chromia, talked about how they made it. It began twelve years ago with colored coins, the first token protocol. After that, they came up with a stablecoin that banks backed up. Later, they hooked up relational databases with blockchain technology. All this got them thinking about Chromia.
Source: X
“We’re excited to see relational blockchain become real after years of work,” Hjelte said. Co-founder Alex Mizrahi said Chromia blends blockchain, cloud computing, and database theory. Developers get access to the best resources to make their work easier. They get to create apps that people find easy to use.
Chromia’s tools for creating user-centric apps offer everything needed to give users a great experience. The MVP launch paves the way for our network to grow and improve, ensuring users have a smooth and fun time.
What Sets Chromia Apart?
Chromia’s relational blockchain changes how data works on-chain. It makes it easier to search for complex information and make calculations. Chromia eliminates the need for third-party services for indexing, data availability, and RPC.
Chromia also introduces a new economic model. Developers can ‘lease’ resource containers and computational power and create revenue streams. You can now interact with decentralized applications (dapps) without owning cryptocurrency. Removing the entry barrier offers a user-centric experience.
Source: X
With the MVP Mainnet in place, chromia’s next phase will involve:
- Increasing network activity.
- The total value locked (TVL) is growing as more projects deploy dapps.
- It allows assets to move from Ethereum Virtual Machine (EVM) chains to Chromia.
Chromia’s MVP Mainnet launch is a giant leap in blockchain tech. It opens up fresh opportunities for developers and users. The MVP Mainnet’s improved features allow developers to build more easy-to-use apps.
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