thenewscrypto.com
Asgard Upgrade, which will be the first significant technological update to the mainnet of the Layer-1 relational blockchain, will take place on December 3rd, according to Chromia, which has officially announced the date of the upgrade. Chromia Extensions are modular enhancements that are introduced with this upgrade. These extensions enable developers to add new features on top of the core platform, hence extending functionality while maintaining the strengths of the current infrastructure.
Extensions make it possible for developers to introduce specific functionality onto the platform while preserving its distinctive relational architecture, modular framework, and gas-free user experience. Chromia is a Layer-1 relational blockchain platform that employs a modular framework to empower users and developers with specialized decentralized application (dapp) chains, fee structures that may be customized, and improved digital assets. Chromia delivers natively queryable data that is indexed in real time. This presents a challenge to the existing quo in order to bring innovations that will improve the end-user experience and support new Web3 business models. Chromia does this by fundamentally altering how information is structured on the blockchain.
Alex Mizrahi, co-founder, commented on the impact of Extensions, stating:
“Chromia already has several unique characteristics that make it stand out. Extensions will add another layer of capability, making it even more flexible and powerful.”
First on the agenda is the Oracle Extension, which is anticipated to be released at the beginning of December. Real-time off-chain data integration will be made possible straight into apps that are created on the platform, which was developed in collaboration with Stork, a renowned decentralized data provider. It is anticipated that this innovation, in conjunction with recent advancements to Chromia’s asset bridge and the integration of native CHR with exchanges, would promote more economic activity and value growth throughout the network.
With the help of the network’s processing capacity, the AI Inference Extension, which is expected to be released in the first quarter of 2025, will provide support for on-chain AI model applications. This Extension is designed to expand the platform’s function as a transparent data layer for decentralized artificial intelligence initiatives. These projects include those that are backed by the Chromia Data and AI Ecosystem Fund, which was established earlier this year.
Yeou Jie, Chromia’s Head of Business Development stated:
“Chromia’s unique relational architecture already allows AI-enabled blockchain projects to bring transparency to their training models, data sources, and inputs. The Inference Extension will advance this even further, allowing more elements of the AI process to operate directly on-chain.”
On December 3rd, the Asgard Upgrade will go live, and soon after that, the Oracle Extension will be made available to the public. The whole development roadmap for Extensions is available for viewing on the official website of Chromia.