Chromia update: CHR Live price, price chart, news and markets

What is Chromia (CHR)?

Chromia (CHR) is an innovative Blockchain platform for decentralized applications that combines Blockchain and Database technology. Chromia, previously known as Chromapolis, aims to overcome the limitations of existing Blockchain platforms and usher in a new era of dApps. By constructing its own Blockchain network, Chromia simplifies and improves dApp optimization.

In addition, Chromia effectively addresses transaction costs and speed issues. It ensures low transaction fees and fast processing speeds for users. Furthermore, Chromia enables users to build and develop their own applications on the platform. The applications created on Chromia cover a variety of domains, including decentralized finance and commercial gaming.

The Unique Blockchain Structure of Chromia

Chromia's Blockchain structure is distinctive because it guarantees both public transparency and user asset and information privacy. Moreover, Chromia serves as a scaling solution for Ethereum 2.0, presenting the potential to establish a decentralized market with a wide range of modern and high-quality financial utilities.

Chromia utilizes the PostChain Framework, a Blockchain research project developed specifically for federated database relationships. The Chromia Blockchain operates on the PBFT Algorithms consensus mechanism. This allows dApps on Chromia to function on private Blockchains known as Sidechains. The detailed diagram below illustrates the dApp Chain.

These Sidechains are a subset of Chromia Validators. At a higher level, Chromia's PBFT consensus mechanism is rooted in the Proof of Work chain found in Bitcoin or Ethereum. This enhances the security and safety of the Chromia blockchain.

Key Features in the Chromia Ecosystem

Relational Model for Enhanced Flexibility

Chromia stores Blockchain data and application states in a relational database. This model provides flexibility and consistency, making it ideal for the Chromia ecosystem.

The process of handling dApps on Chromia is written in a specialized language that deeply integrates with the relational model. This enhances programmability and ensures application uniformity within the Chromia ecosystem.

Expansion Possibilities for dApps

Each dApp on Chromia has its own Blockchain. By running a subset of Validators on each Blockchain, the total throughput can be increased by adding more Validators.

Efficient Indexing for Quick Access

Chromia dApps can directly access information from Validators, enabling fast application execution. Additionally, dApp blockchains can execute complex queries without significantly impacting platform performance.

High Throughput for I/O Operations

Chromia delegates data querying and updating to optimized relational databases. The platform employs the PBFT consensus protocol, ensuring rapid transaction confirmations within seconds.

dApp-Focused Resource Allocation

Chromia allocates resources to dApps instead of Smart Contracts, empowering developers to create optimal fee and resource usage policies.

Roadmap

For more detailed information about the roadmap, please visit this link