MAJOR MILESTONES TO WATCH OUT FOR ON CHROMIA PLATFORM OVER Q2 2020
Chromia is a blockchain platform for decentralized applications, conceived in response to the
shortcomings of existing platforms and designed to enable a new generation of dapps to scale
beyond what is currently possible.
Chromia platform has been in the news in recent times for the much-awaited major milestone:
· Blockchain game (Minesofdalarnia)
· MVP Mainnet.
There is no doubt all these major events are bullish for the platform because it means more utility of the blockchain ecosystem.
CHROMIA BLOCKCHAIN GAME
Chromia blockchain game will advance the option of blockchain technology by allowing gamers to own their assets as well as freely transfer and operate with them. The market doesn’t care about ideologies, rather it cares about better product. Minesofdalarnia built by chromiastudios will be a game changer.MOD is built on chromia blockchain and is currently being tested for bugs and should be released soon.
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PECULIARITY OF CHROMIA STAKING
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking cryptocurrencies to receive rewards. In most cases, the process relies on users participating in blockchain activities through a personal crypto wallet.
Staking $CHR will offer quite a number of benefits such as:ü Eliminates the need to invest in costly mining equipment such as ASICs or high-end GPUs.ü Non-custodial stake delegation by offering a smart contract which helps to arrange a deal between providers and CHR holders in a safe and transparent manner. Investors will be able to contribute their CHR to a particular’s provider stake without transferring ownership of CHR to the provider.ü Community nodes where ordinary users can also run Chromia nodes which can hold replicas of blockchains according to user’s preferenceü ROI of 20% per year ü Staking via exchange site such as Kucoin .
More information will be released by the team regarding all aspects of staking as the launch approaches.
CHROMIA MVP MAINNET
This refers to the term used to describe when a blockchain protocol is fully developed and deployed, meaning that cryptocurrency transactions are being broadcasted, verified, and recorded on a distributed ledger technology (blockchain).Recall that Chromia’s Bootstrap Mainnet along with the platform’s first flagship app( Green Assets Wallet) went live on the 12th of December 2019.However,Chromia MVP Mainnet is currently under development over Q2 2020 and this would be a huge step forward for the chromia ecosystem.