Layer 1 Relational Blockchain Chromia Unveils its Asgard Mainnet Upgrade
Introduction
The Chromia blockchain development team has announced the successful completion of its Asgard mainnet upgrade, which includes new features and capabilities that enhance the overall capacity of the Layer 1 blockchain and add specialized capabilities for users.
Asgard Mainnet Upgrade
The Asgard mainnet upgrade includes the launch of Chromia Extensions, expected to support the growth of decentralized finance (DeFi) and AI-enabled applications on the Chromia Network. The Extensions are modular enhancements that enable developers to build additional features on top of the main blockchain, expanding functionality and utility while maintaining the benefits of the existing infrastructure.
Oracle Extension
The Oracle Extension provides fully on-chain, real-time price feeds that are updated approximately once a second. It provides developers in Chromia’s ecosystem the ability to develop DeFi applications like decentralized exchanges, futures and options platforms, and lending protocols.
AI Inference Extension
Chromia plans to release an AI Inference Extension, expected in Q1 2025. The module will enable developers to execute AI models directly on-chain using Chromia’s decentralized provider network.
Conclusion
The Asgard mainnet upgrade represents a significant milestone for the Chromia blockchain, introducing new features and capabilities that will support the growth of DeFi and AI-enabled applications on the platform.
FAQs
- What is the mainnet upgrade?
The mainnet upgrade, Asgard, includes the launch of Chromia Extensions, which add specialized capabilities to the blockchain. - What are the key features of the Oracle Extension?
The Oracle Extension provides real-time price feeds, enabling developers to build DeFi applications. - When is the AI Inference Extension expected to launch?
The AI Inference Extension is expected to launch in Q1 2025. - What are the benefits of the mainnet upgrade?
The mainnet upgrade will support the growth of DeFi and AI-enabled applications, enhancing the overall capacity and capabilities of the blockchain. - What is Chromia’s goal with the AI Inference Extension?
Chromia aims to expand transparency in AI, enabling on-chain execution of AI models.
