Chromia Confirms Asgard Upgrade in December to Supercharge Its Layer 1 Blockchain

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As a seasoned crypto investor with over a decade of experience under my belt, I must say that the upcoming Asgard Upgrade for Chromia has piqued my interest significantly. With its unique relational architecture and a focus on enhancing user experience, this Layer 1 blockchain is set to take giant strides in reshaping the landscape of decentralized applications.

Chromia, the primary blockchain with a relational database structure, has set a date for its eagerly awaited Asgard Update. This major network overhaul will unveil a novel framework designed to support advanced decentralized apps, all while boosting the flexibility of the core platform’s modular components. Not only does this promise an enhanced user experience, but it also simplifies the process for developers to create robust and highly scalable dapps.

A Giant Leap for Chromia

In a daring move, Chromia, known for its distinctive relational blockchain structure, is embarking on a transformation journey with the Asgard Upgrade. This change will introduce Chromia Extensions, a flexible modular system that allows developers to add sophisticated features onto the current network. This method maintains the robustness of the blockchain’s core characteristics, like zero-cost transactions and instant data indexing, while increasing its adaptability.

Developing on the Layer 1 chain using Chromia Extensions will revolutionize the process for developers. These extensions provide modular upgrades that enable smooth incorporation of specialized features, allowing developers to customize their applications to suit particular requirements. By doing so, they can leverage Chromia’s robust and scalable foundation. As per Alex Mizrahi, co-founder of Chromia, “Extensions will offer an additional level of functionality, making Chromia even more adaptable and powerful.

Chromia Sees Better Oracles With a Little Help From Stork 

Alongside the Asgard Upgrade, you’ll find another significant addition – the Oracle Extension, planned for launch in early December. This innovative feature has been developed jointly with Stork, a prominent figure in the world of decentralized data solutions. The extension is designed to seamlessly incorporate real-time off-chain data into blockchain apps. Consequently, dapps built on Chromia will gain access to live external data feeds, enhancing their functionality across various sectors like DeFi, gaming, and supply chain management.

Moving forward, Chromia is planning to release its AI Inference Extension in the first quarter of 2025. This new feature will enable running AI models directly on the blockchain, taking advantage of Chromia’s computational power for decentralized AI applications. By acting as a transparent data layer, Chromia seeks to improve the trustworthiness and dependability of AI systems constructed on blockchain technology.

As stated by Yeou Jie, Head of Business Development at Chromia, “Chromia’s distinctive relational structure empowers AI-driven blockchain projects to foster transparency in their training models, data sources, and inputs. The Inference Extension will build upon this foundation, enabling additional aspects of the AI workflow to directly interact with the blockchain.

This aligns with Chromia’s expansive vision, as shown by its Data and AI Ecosystem Fund, which backs initiatives that blend blockchain and artificial intelligence. The goal of this fund is to nurture creativity and speed up the implementation of AI-integrated blockchain technologies.

Strengthening Chromia’s Burgeoning Ecosystem  

The Asgard Update goes beyond just a technical improvement; it symbolizes a bold move towards vigorously expanding the Chromia ecosystem strategically. Recent developments, such as enhancing the Chromia Asset Bridge and integrating CHR tokens with significant exchanges, have paved the way for enhanced liquidity and economic action on the network.

Through its Oracle Extension and paving the way for on-chain AI functionalities, Chromia is establishing itself as a top choice for developers looking for cutting-edge and efficient blockchain technologies. These advancements are anticipated to foster network value expansion, with its modular fee system making it budget-friendly for both developers and users alike.

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2024-11-19 17:24