What is Chromia? Chromia is a blockchain platform that makes it easy for users to build real-world decentralized applications. Let’s find out what is special about this project with Weakhand in this article.
What is Chromia?
Chromia is a blockchain platform that enables the development of decentralized applications (dApps) with relational database technology. Chromia uses a unique architecture called a “relational Blockchain” that allows data to be stored and manipulated in a structured way, similar to traditional relational databases.
So Relational blockchain What is that?
Relational Blockchain is a combination of relational database and Blockchain.
This means that the data stored on the blockchain is organized into tables and rows, similar to a traditional relational database. This allows for more advanced querying and indexing of data, as well as the ability to create complex relationships between different pieces of data.
Chromia uses Postchain’s Framework (Postchain is a blockchain platform that uses a relational database management system as its underlying infrastructure). Using Postchain in Chromia provides a high level of security and stability, making it a powerful and reliable platform for developing and deploying dApps.
Chromia is built on the PBFT consensus mechanism. dApps built on Chromia can run a separate blockchain in the form of Sidechain.
Chromia is a versatile platform suitable for most types of dapps. It is especially suitable for scenarios that require high I/O capacity or involve managing complex data sets. Massively multiplayer online games (MMOGs) are an example of such a case.
What is the Chromia Difference?
Chromia is built on relational database technology, which is real-world enterprise technology used for decades across all industries. Chromia can be used as a private, public, or hybrid blockchain.
Dapps built on Chromia can run a private blockchain in the form of a sidechain. Fees (collected to maintain the nodes) are paid by the entire dapp, not by the end users. Therefore, dapps are free to implement their own resource management policies, which may suit economic needs rather than technical needs.
Applications Across Chromia’s Ecosystem
My Neighbor Alice: is a construction game for multiplayer. Anyone can buy and own virtual islands, collect and build cool items, and meet new friends.
Mines of Dalarnia: is an action adventure game. Players mine and combine different items in the game, improving their skills and equipment to unlock the secrets of the Mines of Dalarnia universe while fighting enemies and searching for relics and rare antiques.
LAC PropertyChain: is a land management initiative in Latin America and the Caribbean powered by the Chromia blockchain. The project was funded by the Inter-American Development Bank, which developed an open source application that supports property transactions.
Hedget: is an insurance platform for futures contracts, providing insurance services for crypto assets.
Core Team
Chromia is the brainchild of ChromaWay, a pioneering blockchain company. Some key members include:
Henrik Hjelte | Co – Founder & CEO: Has many years of experience in the field of financial consulting for technology companies. He joined ChromaWay and assumed the position of CEO in July 2014.
Alex Mizrahi | Founder & CTO: Many years of experience in computer software development. He is the founder of ChromaWay and has helped the company grow to this day.
Or Perelman | Co – Founder & COO: Has extensive experience in marketing and business development. He joined ChromaWay and assumed the position of COO in September 2013.
Investor
Chromia organized a Seed Sale token sale in late 2018 and early 2019 by funds: Arrington XRP Capital, TGE Capital but the detailed amount was not disclosed.
Chromia recently received an investment of $10 million from Animoca Brands.
Tokenomics
Basic information about tokens
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Token Name: Chromia Token
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Ticker: CHR
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Blockchain: Ethereum
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Contract: 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2
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Token Type: Utility
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Total Supply: 1,000,000,000 CHR.
Token Allocation
Token Release
All tokens have been paid to investors and the Team has been unlocked.
Token Use Case
CHR is a token used to:
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Acts as currency within the platform.
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Paying rewards to nodes.
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Stake and earn rewards.
Exchanges
FIL can be traded on both DEX and CEX exchanges such as PancakeSwap, Binance, Gate, Kucoin, …
Chromia Project Information Channel
- Website: https://chromia.com/
- Twitter: https://twitter.com/Chromia
- Reddit: https://www.reddit.com/r/Teamchromia
- Telegram:
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Hi, the above information has partly helped you understand What is Chromia? The project continues to update products and cooperate with partners to perfect its products. Please join us in looking forward to the next development step of Chromia!