Chromia is an open-source, decentralised blockchain network created by a Swedish company called Chromaway AB. The token was first launched in May 2019. ChromaWay provides a platform for creators engaged in developing smart contracts and other digital assets. Chromia’s chief competitor is the Ethereum blockchain, the leader in the smart contract space.
Since Ethereum has its limitations – high gas fees and low transaction times, Chromia was created to address these challenges efficiently. In response, Chromia lets dApps built on its network have sidechains and access to the main blockchain. This means that Chromia dApps can utilise a separate network to deal with congestion and high user traffic, making the overall usage more efficient.
Chromia is an up-and-coming cryptocurrency. The blockchain network of Chromia utilises a unique architectural approach called relational blockchain and a custom programming language called Rell. Developers using Rell can leverage the scalability and immutability of the blockchain when developing smart contracts and dApps, allowing these technologies to scale much faster than other networks.
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CHR is the native token of the Chromia ecosystem, used to develop scalable smart contracts and dApps.
57 Cr. CHR
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