Blockchains serve as the bedrock for Decentralized Applications (dApps), opening up new space for innovation. However, their underlying technology is still behind their centralized counterparts.
Blockchains are the backbone of Decentralized Applications (dAPs), opening up a whole new realm of possibilities for innovation. However, their underlying technology still lags behind their centralized counterparts - namely, modern databases.
To tackle this issue, Chromia, a relational blockchain network, launched its early-stage MVP (minimum viable product) mainnet on Tuesday, July 16. This integration aims to bring advanced database capabilities directly to blockchains.
Most blockchains, like Bitcoin and Ethereum, store data in a linear format, making it challenging to manage and retrieve complex information. These blockchains also rely on third-party services for indexing and managing data, which can lead to inefficiencies and increased costs.
Chromia addresses these pain points by combining relational databases with blockchain technology. This innovation, known as relational blockchain, enables Chromia to process multiple data operations within a single transaction and perform real-time indexing of block data. As a result, Chromia can handle more intricate data tasks quickly and efficiently.
Chromia Introduces a Novel Economic Model to Blockchains
The Mainnet launch also integrates the native CHR token into Chromia’s blockchain, which was previously available on Ethereum and the BNB Chain. This integration will make CHR transactions cheaper and faster by utilizing Chromia's infrastructure. However, users will not need to use CHR to pay fees, thanks to the chain's unique economic model.
Most blockchains require users to pay a transaction fee for each interaction, but Chromia allows developers to lease resources and create their own fee structures. This way, users can interact with the chain without having to worry about high transaction costs, making the chain more user-friendly.
The technical advancements and user-centric fee structure make a strong case for redefining how blockchains operate. If Chromia manages to attract sufficient developers and users, it could pave the way for other chains to adopt this next generation of blockchains.
On the Other Side
Why This Matters
Chromia's Mainnet launch aims to modernize blockchain technology by integrating advanced database features. If Chromia successfully attracts developers and users, it could lead to broader adoption of more efficient and user-friendly blockchains.
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