Altcoin

This popular altcoin announces mainnet launch: token jumps!

Published

on

Layer-1 Blockchain Platform Chromia plans to launch its main-net in mid-July. Chromia aims to simplify the creation of web3 applications by supporting Layer-1 Blockchain with a SQL-like programming language. After the mainnet announcement, the altcoin price made a move north.

Chromia Announces Mainnet Launch, Altcoin Prices Skyrocket!

ChromaWay, the company that created Layer-1 Blockchain network Chromia (CHR), plans to launch the minimum viable product version of the mainnet on July 16 to build the core functionality of the network. According to a statement, Chromia will also create a bridge between the native CHR token on the mainnet to facilitate the process of staking delegation, network hosting fee payments, and other core functions on the network. CHR is an ERC-20 token and a BEP-20 asset on the BNB Chain.

How did you follow? Kriptokoin.comThe market has an undecided outlook. The leading cryptocurrency Bitcoin and many major altcoins are trading in the red zone. However, there are some that are moving in the opposite direction. After the recent announcement, Chromia’s native token CHR has made a vertical rise. While the altcoin was trading at $0.23 during the day, it jumped to $0.2661 after the news. However, the token has lost ground in the subsequent sell-off. At the time of writing, the altcoin is trading at $0.2482, up 5.7% on the day.

CHR Daily Price Chart. Source: CoinMarketCap

Co-founder A pivotal moment for Chromia!

Chromia aims to simplify the creation of web3 applications by coding the basic Blockchain layer in Rell, a specialized programming language comparable to SQL. The team says the language is designed to enable higher-order computational functions and faster execution times when building and running decentralized applications. Co-founder Alex Mizrahi released the following statement on the matter:

The launch of MVP Mainnet is a pivotal moment for ChromiaThis isn’t just a technical milestone; it’s the start of something we believe has enormous potential.

Referring to the term “relational” used in computer science to describe a way to create more intuitive databases, Mizrahi said, “Our relational approach Blockchain platform is designed to offer a simplified and user-friendly experience. This launch lays the foundation for the future growth and development of our network,” he added.

Other currency

Further developments on Chromia

Currently, Chromia is running an incentivized testnet initiative that rewards participants with up to 250K CHR tokens. Additionally, the team also announced the launch of a local fee system and on-chain storage, which aims to allow users to restore their data even after a period of non-payment. These developments are expected to increase the network’s adoption and grow the TVL of ecosystem projects as more DApps are able to migrate from EVM Blockchain to Chromia.

Follow us on Chirping, Facebook AND User profileand join our Telegram AND Youtube channelto stay up to date on the latest news!



Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Trending

Exit mobile version