Chromia is an open-source blockchain platform for decentralized applications (DApps). It was developed by Chromaway AB, a Swedish company that has been in operation since 2014. The general-purpose platform is suitable for almost all kinds of DApps. Chromia’s decentralized application has a format most developers already know. And it uses the same format for large or small applications.
Chromia enhances the building of secure decentralized applications (DApps). It is capable of managing large, complex data sets. Developers find that Chromia’s programming language and unique tools improve their efficiency and productivity. Chromia offers the same level of transparency as other public blockchains while its unique blockchain architecture can accommodate as many users as possible. The way it allows DApps to scale to millions of users has been adopted in healthcare and other sectors.
Chromia uses an ERC-20 token built on the Ethereum blockchain. The CHR token serves as its utility or governance token. DApps on the Chromia platform use CHR tokens to settle hosting and transaction fees while Chromia users can use the tokens on DApps. The CHR tokens are also used for staking for profit. This increases the demand for CHR by users and DApps of the Chromia blockchain.
CHR is listed in popular exchanges traders use frequently. Chromia blockchain’s wallet is called the Chromia Vault where users can manage their CHR tokens and store their private key.
Blockchain-based gaming is big in the crypto metaverse, but actual gameplay usually happens outside of the blockchain. Chromia aims to solve this problem of scalability. In Chromia, the entire game world can be hosted within its blockchain. Its high read/write capacity allows for a higher number of players and more advanced games. Chromia can support Massively Multiplayer Online Games (MMOGs) found on personal computers, smartphones and video games consoles.