How does Chromia work?

Chromia operates through independent providers running its blockchain, with each application having its own dedicated chain for scalability and efficiency.

What are the key technical features of Chromia?

Chromia features a relational blockchain technology that supports complex data structures, independent application chains, and public auditing of transactions.

What are the risks associated with transferring Chromia (CHR)?

Digital asset prices can be volatile. Users should verify contract addresses and networks, and understand the custody methods for secure asset handling.

Where can I find official resources for Chromia?

Official resources for Chromia can be found on their website at https://chromia.com/.

How can I verify my acquisition of Chromia (CHR)?

Verify the asset name, network, and contract details before transferring to ensure the correct acquisition of Chromia.

Chromia (CHR)

Rank #790

Market snapshot

Price: $0.013565
Market cap: $13.3M
24h volume: $1.2M
Circulating supply: 977,931,914.3782
Total supply: 977,931,914.3782
Max supply: 978,064,789

What is Chromia?

Chromia is a blockchain platform that aims to improve the development and deployment of decentralized applications (dApps). It utilizes a relational blockchain technology, which enables developers to build applications that can handle complex data structures more effectively than traditional blockchain solutions. This approach allows for greater flexibility and efficiency in application development.

How Chromia works

Chromia operates through a network of independent providers who run the blockchain from various locations. Each application on the Chromia platform has its own dedicated chain, ensuring that it can operate independently while still benefiting from the overall network. Transactions and evaluations are stored on-chain, allowing for public auditing through a block explorer. Once a block is confirmed, it remains final, eliminating the need for reorganization. The network's consensus is achieved through a fixed set of independent operators who agree on each block, with CHR tokens used as stakes in the voting process.

Key information

Symbol: CHR
CMC rank: #790
Network / platforms: BNB Chain, Ethereum
Categories: N/A
Date added: May 28, 2019

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

BNB Chain
0xf9CeC8d50f6c8ad3Fb6dcCEC577e05aA32B224FE
Ethereum
0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2

Key characteristics

Chromia features a unique relational blockchain technology that supports complex data structures, making it suitable for a wide range of applications, including gaming and enterprise solutions. The platform allows for independent chains for each application, ensuring scalability and flexibility. It is categorized under several tags, including platform, layer-1, and enterprise solutions.

Documented uses

Apps pay for their own capacity in CHR, allowing developers to manage their resources effectively within the Chromia ecosystem.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Chromia (CHR)?: Chromia (CHR) is a blockchain platform designed to enhance the development of decentralized applications using relational blockchain technology.
How does Chromia work?: Chromia operates through independent providers running its blockchain, with each application having its own dedicated chain for scalability and efficiency.
What are the key technical features of Chromia?: Chromia features a relational blockchain technology that supports complex data structures, independent application chains, and public auditing of transactions.
What are the risks associated with transferring Chromia (CHR)?: Digital asset prices can be volatile. Users should verify contract addresses and networks, and understand the custody methods for secure asset handling.
Where can I find official resources for Chromia?: Official resources for Chromia can be found on their website at https://chromia.com/.
How can I verify my acquisition of Chromia (CHR)?: Verify the asset name, network, and contract details before transferring to ensure the correct acquisition of Chromia.

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