Chromia

What is Chromia?

Chromia is a Layer-1 relational blockchain that allows to build and deploy dApps suitable for mass-scale and real-world use cases. Chromia distinguishes itself from other blockchains by storing dApp data in a distributed set of relational databases which enables dApps to efficiently index, manipulate, and conduct complex queries directly on the chain. Each dApp runs on its own blockchain, hosted in an isolated container with dedicated resources on multiple nodes. The chain architecture is designed in a way that dApps won't cause network congestion and high throughput is maintained, meaning that transactions are always confirmed within ~1 second.

Chromia allows dApps to implement their own revenue models depending on their use case, such as paid subscriptions, freemium, subsidization, or paying for individual transactions. dApps also benefit from a predictable hosting fee that resembles traditional cloud hosting while staying fully decentralized.

While Chromia is not EVM-compatible, it comes with an extensive EVM interoperability framework that allows it to bridge tokens, events, and data between other EVM chains. The new language-driven programming language Rell makes the development quick and easy.

What is Chromia staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as Chromia) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens, and you receive 5 additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as Chromia do not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for Chromia staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards.

There are several advantages when staking your CHR tokens with Stakin, such as:

• Triple AAA-rated institutional staking provider by Staking Rewards

• ISO 27001 certified staking provider

• Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

• Dedicated support for all your staking, unstaking, and network-related questions

• Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Chormia (CHR) Staking?

As an institutional-grade Chromia node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

• Institutional grade SLAs with 99.5%+ uptime guarantees

• Dedicated Account Manager to answer all your technical and commercial questions

• Information about potential airdrops that you may be eligible for by staking with us so that stakers can maximize your staking yield

• Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

• Automated commission and reward management with clear reporting