Chromia has successfully upgraded its Asgard mainnet, introducing significant enhancements to its Layer 1 blockchain. This upgrade aims to boost the platform’s capacity and support specialized functionalities for various applications. Users and developers can now leverage new extensions to expand the blockchain’s capabilities, fostering innovation in decentralized finance and artificial intelligence.
Recent reports indicate that Chromia’s focus on relational blockchain technology has consistently provided a foundation for scalable and efficient dApp development. The Asgard upgrade builds on this by adding modules that cater to the evolving needs of the blockchain ecosystem, setting Chromia apart from previous iterations and updates.
What Features Does the Asgard Upgrade Offer?
The Asgard mainnet upgrade introduces Chromia Extensions, which are designed to support decentralized finance and AI-enabled applications. These extensions include the Oracle Extension, which offers real-time price feeds, and the upcoming AI Inference Extension, set to launch in early 2025. These features enhance the blockchain’s functionality and utility for developers.
How Will the Oracle Extension Impact DeFi?
The Oracle Extension provides developers with accurate, real-time data necessary for creating decentralized exchanges, futures platforms, lending protocols, and other DeFi applications.
“The Oracle Extension lays the groundwork for an expansion of decentralised finance activity on the Chromia network and the growth of network value,”
stated Ludvig Öberg, VP of the Chromia Platform Unit.
What Are the Plans for the AI Inference Extension?
Scheduled for release in the first quarter of 2025, the AI Inference Extension will enable developers to execute AI models directly on the Chromia blockchain. This extension is part of Chromia’s efforts to enhance transparency in AI training data and inputs, as highlighted by Yeou Jie, Head of Business Development at Chromia.
“As the world’s only relational blockchain, Chromia has demonstrated its ability to bring transparency to AI and other data-intensive use cases,”
Jie explained.
Chromia’s Asgard mainnet upgrade represents a strategic move to bolster its blockchain infrastructure, making it more versatile for various applications. By integrating specialized extensions, Chromia is positioning itself to meet the demands of developers and users in the rapidly evolving blockchain landscape. The modular design ensures that the platform remains adaptable and capable of supporting future innovations.
The introduction of these extensions not only enhances Chromia’s current offerings but also sets the stage for future developments in decentralized finance and artificial intelligence. This approach ensures that the platform remains competitive and continues to provide valuable tools for its community.
Chromia’s latest upgrade offers a robust framework for developers to build and expand decentralized applications, particularly in DeFi and AI sectors. The integration of real-time data feeds and AI capabilities directly on the blockchain enhances the utility and functionality of the Chromia network. Users can expect increased efficiency and new opportunities for innovation as Chromia continues to develop its ecosystem.
