Chromia

<h4><b>The mainnet is a foundation for further advancing the Chromia network.</b></h4> 
<p><span style="font-weight: 400;">This launch from Chromia will outline some features of Chromia and establish the potential for other developments. Now, let’s know more about the MVP Mainnet.</span></p> 
<h5><b>What is the MVP Mainnet?</b></h5> 
<p><span style="font-weight: 400;">The </span><a href="https://www.chromia.com/mvp-mainnet" target="_blank" rel="noopener"><span style="font-weight: 400;">MVP Mainnet</span></a><span style="font-weight: 400;"> is the Minimum Viable Product Mainnet. It is the first functional version of the </span><a href="https://x.com/chromia?s=21" target="_blank" rel="noopener"><span style="font-weight: 400;">Chromia network</span></a><span style="font-weight: 400;">. It will establish the core operations of Chromia and mark the beginning of the native </span><a href="https://coinmarketcap.com/currencies/chromia/" target="_blank" rel="noopener"><span style="font-weight: 400;">$CHR</span></a><span style="font-weight: 400;"> token. </span></p> 
<p><span style="font-weight: 400;">The $CHR token currently exists as an ERC-20 token on Ethereum and a BEP-20 token on BNB Chain. The launch of the MVP Mainnet will lead to the bridging of $CHR tokens into the new network.</span></p> 
<p><img decoding="async" class="wp-image-144644 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxrerere-300x300.jpg" alt="" width="471" height="471" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxrerere-300x300.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxrerere-150x150.jpg 150w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxrerere.jpg 389w" sizes="(max-width: 471px) 100vw, 471px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Chromia/status/1808126007422906752" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>Functions of the MVP Mainnet</b></h5> 
<p><span style="font-weight: 400;">The MVP Mainnet will ensure a smooth network and compensation for network participants. Chromia’s MVP mainnet will perform these operations and functions. You can see more about it <a href="https://blog.chromia.com/mvp-mainnet-announcement/" target="_blank" rel="noopener">here</a>.</span></p> 
<p><a href="https://x.com/hankhero?s=21" target="_blank" rel="noopener"><span style="font-weight: 400;">Henrik Hjelte</span></a><span style="font-weight: 400;">, the CEO of Chromia, shares the path that has brought the project to this point: “It has been twelve years since our start with Colored Coins. Following this, we launched a bank-backed stablecoin. We also recognized the potential of integrating relational databases with blockchain. All this inspired the creation of Chromia. After many years, we will see the concept of relational blockchain become a reality.”</span></p> 
<p>Here is the latest updates from Chromia:</p> 
<p><img decoding="async" class="wp-image-144646 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfgdhgfh-258x300.jpg" alt="" width="464" height="540" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfgdhgfh-258x300.jpg 258w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfgdhgfh-361x420.jpg 361w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfgdhgfh.jpg 389w" sizes="(max-width: 464px) 100vw, 464px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Chromia/status/1806708224076165342" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>What Makes Chromia Unique?</b></h5> 
<p><span style="font-weight: 400;">Chromia combines blockchain architecture with </span><a href="https://www.zdnet.com/article/what-is-cloud-computing-everything-you-need-to-know-about-the-cloud/" target="_blank" rel="noopener"><span style="font-weight: 400;">cloud computing</span></a><span style="font-weight: 400;"> and a </span><a href="https://www.appdynamics.com/topics/database-management-systems" target="_blank" rel="noopener"><span style="font-weight: 400;">database system</span></a><span style="font-weight: 400;">. This combination makes it more user-centric.</span></p> 
<p><a href="https://x.com/killerstorm?s=21"><span style="font-weight: 400;">Alex Mizrahi</span></a><span style="font-weight: 400;">, another Chromia co-founder, also said, “Chromia utilizes blockchain and cloud computing. It also combines the theory of databases to offer tools for the end-user experience. The launch represents the foundation for Chromia’s network to expand and grow. I am looking forward to seeing what developers are capable of with Chromia’s technology.”</span><img decoding="async" class="wp-image-144647 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxbgfhhgj-300x298.jpg" alt="" width="450" height="447" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxbgfhhgj-300x298.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxbgfhhgj-150x150.jpg 150w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxbgfhhgj.jpg 392w" sizes="(max-width: 450px) 100vw, 450px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Chromia/status/1807805105091088683" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>The Benefits of Relational Blockchain</b></h5> 
<p><span style="font-weight: 400;"><a href="https://chromaway.com/" target="_blank" rel="noopener">ChromaWay</a> created a relational blockchain, a versatile sort of blockchain. So, this feature alters data storage on the blockchain. It optimizes search and on-chain computations. It does not need third-party indexing, data availability layers, or RPC servers.</span></p> 
<p><span style="font-weight: 400;">Chromia also disrupts the familiar blockchain economic model. It offers a way for developers to rent out resource containers and build their revenues. This takes the load off end users and drives new Web3 business opportunities. In turn, Chromia becomes more accessible for the average consumer. It continues to maintain the permissionless and decentralized characteristics of the blockchain. For example, users can begin engaging with </span><a href="https://www.altcoinbuzz.io/?s=dapps" target="_blank" rel="noopener"><span style="font-weight: 400;">decentralized apps</span></a><span style="font-weight: 400;"> (dapps) without possessing cryptocurrency.</span></p> 
<p><img decoding="async" class="wp-image-144649 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/fdsdfgrtg-300x277.jpg" alt="" width="474" height="438" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/fdsdfgrtg-300x277.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/fdsdfgrtg.jpg 389w" sizes="(max-width: 474px) 100vw, 474px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Chromia/status/1780611390375625103" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>What’s Next for Chromia?</b></h5> 
<p><span style="font-weight: 400;">With the MVP Mainnet in place, Chromia’s network activity will increase. It will lead to </span><span style="font-weight: 400;">Total Value Locked </span><span style="font-weight: 400;">(TVL) growth as ecosystem projects deploy dapps. More assets will be bridgeable from </span><span style="font-weight: 400;">Ethereum Virtual Machine </span><span style="font-weight: 400;">(EVM) chains to Chromia.</span></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/chromia-to-launch-mvp-mainnet-on-july-16th/">Chromia to Launch MVP Mainnet on July 16th</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Chromia to Launch MVP Mainnet on July 16th

Altcoin Buzz

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