KEY TAKEAWAYS
- The Asgard Mainnet Upgrade enhances Chromia’s capabilities as a Layer-1 relational dapp platform, supporting advancements in DeFi and AI applications.
- Chromia Extensions, including the Oracle Extension, offer modular enhancements like real-time price feeds, crucial for DeFi development.
- Future plans include the AI Inference Extension, enabling AI model execution with hybrid on/off-chain computation, set for release in Q1 2025.
- These innovations aim to integrate Chromia with centralized exchanges and cross-chain wallets, boosting network activity and total value locked.
The Asgard Mainnet Upgrade is now live, marking a significant milestone for Chromia as a Layer-1 relational dapp platform. This upgrade strengthens Chromia’s position in the blockchain ecosystem while laying the groundwork for advancements in decentralized finance (DeFi), AI-enabled applications, and other sectors.
The Power of Chromia Extensions
With the Asgard Upgrade, Chromia has introduced Chromia Extensions, a modular system designed to enhance the platform’s core strengths. These include its relational data architecture, modular design, and a gas-free experience for end users. This innovation allows developers to create applications tailored to specific use cases, leveraging Chromia’s unique capabilities.
The first of these Extensions is the Oracle Extension, which provides fully on-chain, real-time price feeds updating approximately once per second. This feature is particularly beneficial for DeFi development on Chromia, enabling the creation of decentralized exchanges, lending platforms, and other financial applications that require reliable and up-to-date data.
These developments are part of a broader strategy to integrate with centralized exchanges and cross-chain wallets, promoting asset migration to the Chromia Network. The ultimate goal is to strengthen Chromia’s connection to the broader cryptocurrency ecosystem while increasing network activity and total value locked (TVL).
On Deck: The AI Inference Extension
Looking ahead, Chromia is working on the AI Inference Extension, set for release in Q1 2025. This extension will enable developers to execute AI models using hybrid on/off-chain computation powered by Chromia’s decentralized provider network. By combining Chromia’s relational architecture with computational capabilities, this extension opens up new opportunities for AI-driven applications and other data-intensive use cases.
The public demo of the Oracle Extension showcases its ability to deliver real-time, on-chain price feeds for DeFi applications. Several projects are already integrating the extension, with new applications expected to launch in the coming weeks and months.
The introduction of Extensions marks a pivotal moment for Chromia, providing developers with powerful tools to create tailored, high-performance applications. The Asgard Upgrade sets the stage for a more versatile and dynamic ecosystem, unlocking opportunities for innovation and growth across multiple sectors.
For more information, visit the official announcement here.
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