The Block Crypto News16 minutes ago

Published on July 02, 2024 13:05 GMT+00:00edited on July 02, 2024 13:09 GMT+00:00

ChromaWay, the firm building out the Layer 1 blockchain network Chromia, intends to launch a minimum viable product version of its mainnet on July 16 to establish the network's core functions.

Chromia will also bridge its native token CHR on its mainnet to facilitate the staking delegation process, network hosting fee payments and other core functions on the network, according to a release shared with The Block. CHR is an ERC-20 token and BEP-20 asset on BNB Chain.

Chromia aims to make building web3 applications easier by coding its base-layer blockchain in Rell, a custom programming language comparable to SQL. The team claims the language was designed to allow higher-order computing functions and faster runtimes while building and running decentralized apps. 

"Launching the MVP …