About Chromia (CHR)
Chromia is a blockchain platform and self-proclaimed relational database. A relational database is the fundamental structure most often used to enable networking on social media platforms, banking, and other modern implementations. It is the science which is used to develop databases characterized by objects or conditions which relate to one another.
Chromia is an open-source blockchain network which is layer 1 in its fundamental function and design. The platform, however, boasts of being able to function also as a layer 2 solution. Chromia is interoperable with the BNB Chain and Ethereum blockchain networks.
The fundamental aim and purpose of the network is described as being to encourage a blockchain environment which enables developers to easily build decentralized applications (dApps) which make sense in real-world use. Chromia was developed by Chromaway AB, a Swedish-based start-up led by seasoned engineers with an established history in the crypto space.
Chromia highlights the network’s ability to operate as a layer 1 and layer 2 as a distinguished feature of the platform. The platform also claims that its implementation helps to deliver a faster development experience. Chromia claims the simplicity employed in the development process enables its blockchain to support coding that can be done an average of seven to ten times faster than other implementations.
The Chromia platform has live implementations of dApps which have been developed and deployed on the network across different disciplines and purposes. DApps on Chromia include the DeFi specialty Hedget, a platform which claims to automate crypto hedging as a featured protocol.
Chromia supports gaming developments, with My Neighbor Alice ($ALICE) being a featured innovation. The multiplayer builder game has attracted millions of users since being released in Q2 of 2022. Chromia also supports enterprise use, with LAC Property Chain as its featured product in the category. LAC is described by Chromia, as a Latin American and Caribbean land administration initiative supported by the Chromia blockchain.
Chromia is powered by Rell, which it describes as a new blockchain and database language that employs static typing expressiveness and security to the blockchain environment. It does so while requiring ten times fewer lines of code than traditional blockchains according to information published by Chromia.
The blockchain platform is powered by the network cryptocurrency asset. Chromia’s network token is known by its token ticker $CHR. The current price of Chromia is updated and available real-time on Binance.
