Taking Blockchain Beyond Crypto, Decentralizing the Databases With

Change is the only constant in life, 

and this rings especially true when it comes to the rapid advancement of technology.

Blockchain technology is expanding across the globe, and projects like Chromia are pushing the boundaries of innovation even further. Chromia is revolutionizing the operational capabilities of blockchain technology, setting new standards in the Industry.

Chromia is a relational blockchain platform designed to empower a new generation of decentralized applications, enabling them to reach heights that are currently unattainable. Chromia can act as a Layer Two to Ethereum, allowing for faster development times and more cost-effective transactions. This is how it creates a marketplace for financial options, making DeFi faster and more efficient by leveraging the power of Ethereum.

It empowers the next generation of decentralized applications to unleash their true potential by shattering past constraints. It was created in response to the limitations of existing platforms and is engineered to provide dApps with the scalability and features of traditional Web2 applications.

Anastasia Plane, Senior Marketing Lead at Chromia, talked to us about the future of blockchain technology and how Chromia is poised to become an indispensable part of our collective future. She highlighted the revolutionary capabilities of the technology and how it could change the way we interact with dApps. Chromia is set to be a major player in this new era of blockchain transformation, and Anastasia's insights gave us a glimpse into the exciting possibilities that lie ahead.

Anastasia, an MSc in Business, Marketing, and Management, and an ex-professional athlete, gamer, and present-day blockchain enthusiast, is passionate about blockchain and committed to inspiring innovation in the field with Chromia. She is a firm believer that data is the driving force behind the success of the industry. She is dedicated to leveraging her knowledge and experience to help shape the future of blockchain technology.

What is a Relational Blockchain?

Chromia is a relational blockchain but before we understand the pros and cons of deploying a relational blockchain, we need to understand what it is. A relational blockchain is a type of decentralized database that provides access to the data points, interconnected with each other and critical for the operation of a database. 

On Chromia, each decentralized application runs as an independent chain and is treated as a primary entity. This grants applications greater autonomy over various parameters, such as the number of validators they wish to employ, amount of storage as per their requirements, the number of transactions they want to process, and develop their own incentivization models. This provides developers with unprecedented control over their applications, allowing them to customize the user experience to their exact specifications.

This unlocks a new world of possibilities for developers as it sets them free to reimagine their ideas without the traditional restrictions of blockchain technology. 

Chromia - The Future of Blockchain Adoption

Chromia is designed to suit the needs of a varied set of blockchain projects. By customizing the decentralization of data points and its flexible fee structures, Chormia enables the game devs to trigger background transactions in response to any action initiated in the game. This provides an unprecedented level of control and flexibility, allowing developers to create immersive and engaging gaming experiences.

While giving us an update about the project, Anastasia said, “This year will see Chromia launch the second iteration of our testnet, bringing us one step closer to making a public relational blockchain platform a reality. By creating new possibilities for on-chain data management and storage while offering customizable fee structures, Chromia is aiming to redefine the capabilities and fundamental user experience of decentralized applications.”

From enterprise to decentralized finance, Chromia has a use case in almost everything that can potentially transform towards blockchain tech. Apart from this, Chromia is designed with multiple layers of security protocols to ensure maximum safety. The first layer of nodes will be managed by a consortium of reputable providers, each of whom owns Chromia and related assets and has a vested interest in the network's security and reliability (e.g. Dapp teams, exchanges, industry partners, major investors, and ChromiaWay itself).

The range of its use cases is immensely unpredictable as new layers are expected to emerge as more blockchain developers build on Chromia. What's more, Chromia is designed with the interests of all stakeholders in mind, making it a likely essential part of blockchain development in the near future.