Lauch of the Asgard upgrade of Chromia: a new era for DeFi and AI

The launch of the Asgard upgrade of Chromia marks a decisive turning point in the universe of DeFi and AI. This ambitious upgrade offers unprecedented features, thereby transforming the capabilities of the blockchain. The inclusion of specialized extensions promises to enrich the ecosystem while facilitating the development of more efficient decentralized applications. The repercussions of this advance are expected to be significant, with implications for the developers and users of the network. A new paradigm emerges, at the crossroads of decentralized finance and artificial intelligence.

Launch of the Asgard upgrade of Chromia

Chromia has successfully completed the upgrade of its main network called Asgard, introducing new functionalities and capabilities to its blockchain. This evolution aims to enhance the user experience and strengthen decentralized finance (DeFi) and artificial intelligence (AI) applications. The upgrade was officially announced on December 3, 2024.

Extensions and modularity

The Asgard upgrade includes the launch of Chromia Extensions, which bring modular enhancements to the network. These extensions allow developers to integrate additional functionalities without compromising the existing infrastructure. Decentralized applications thus benefit from a flexible framework to design reliable and efficient solutions.

Oracle Extension

The deployment of the Oracle Extension represents a significant advancement. This extension provides real-time price feeds, updated once per second. Developers can now create DeFi platforms, such as decentralized exchanges, futures markets, and lending protocols.

Integrations with the ecosystem

The growth forecasts for the DeFi space on the Chromia blockchain are strengthened with the launch of this extension. Ludvig Öberg, Vice President of the Chromia Platform unit, indicated that the Oracle Extension is shaping the future developments of decentralized financial activities on the network. It aligns with Chromia’s strategy to promote interconnection among the various components of the cryptocurrency ecosystem.

Upcoming AI Inference Extension

The Chromia teams are also considering the launch of an AI Inference Extension, scheduled for the first quarter of 2025. This addition will allow the execution of AI models directly on the blockchain, leveraging Chromia’s decentralized structure. The stated goal of this project is to improve transparency regarding training data and inputs used by artificial intelligence models.

Statements from leaders

Yeou Jie, Head of Business Development, clarified that their ambition is to integrate more transparency in the field of AI. According to him, this extension will play a crucial role in the execution of models on-chain, illustrating Chromia’s uniqueness as the only relational blockchain in the world.

Impact on the future of Chromia

This inaugural Asgard upgrade marks a turning point for Chromia, allowing the network to support a variety of features ranging from AI to applications in the gaming and enterprise sectors. The modularity and extensibility offered by these new extensions lay the groundwork for significant evolution in the use of decentralized applications.

The launch of the Asgard upgrade is therefore seen as a growth catalyst for the Chromia network, promising an era where DeFi and AI converge to provide innovative and optimized solutions.

Frequently asked questions about the launch of the Asgard upgrade of Chromia: a new era for DeFi and AI

What is the Asgard upgrade of Chromia?
The Asgard upgrade is the major upgrade of the main network of the Chromia blockchain, introducing new extensions and features to enhance the capacity and utility of DeFi and AI applications on the platform.
What are the main objectives of the Asgard upgrade?
The main objectives include improving the technical capabilities of Chromia, introducing specialized modules, and facilitating the development of more advanced decentralized applications.
What new features are introduced with the Asgard upgrade?
This update introduces extensions, including the Oracle Extension that provides real-time price feeds, as well as an AI Inference Extension planned for a later launch.
How will the Oracle Extension influence DeFi on Chromia?
It will enable developers to create DeFi applications, such as decentralized exchanges and lending protocols, using accurate and instantaneous price data.
When will the AI Inference Extension be available?
This extension is expected to launch in the first quarter of 2025, allowing the execution of AI models directly on the blockchain.
What impact will the Asgard upgrade have on application developers?
It offers them a modular framework to add custom features while simplifying the development process through a relational data architecture.
What are the expectations for the integration of the extensions with other DeFi protocols?
Chromia plans a public launch of the Oracle Extension, followed by integration with various DeFi protocols to strengthen the entire blockchain ecosystem.
How does the Asgard upgrade promote transparency in the use of AI?
It aims to make the training processes of AI models more transparent by allowing better traceability of data and results on the blockchain.
What are the implications of the Asgard upgrade for end-users?
Users will benefit from an enhanced experience with more efficient decentralized applications and potentially lower fees due to the gasless economic structure.
Will there be support for users during this transition?
Yes, Chromia plans to provide resources, public demonstrations, and guides to help users adapt to the new features introduced by the Asgard upgrade.