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Chromia (CHR) Price

CHR

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.

What is Chromia (CHR) and how does it work?

Chromia, it says, is both an independent layer-1 blockchain and an Ethereum-compatible layer-2 scaling solution.

CHR is Chromia’s native currency. It’s used by developers to pay network fees and is also a means of rewarding security-provisioning validators, as well as for additional general purposes across the two-tier system.

Designed as a “network of networks,” Chromia facilitates the creation of bespoke decentralized applications (dApps) secured via sidechains connected to the project’s Proof-of-Work (PoW) ledger.

According to Messari, Chromia is designed to enable dApps to scale to millions of users while at the same time improving the experience of all those users. The network is trying to cater to developers and create basic, shared standards so dApps can flourish.

Founded in 2014 by three Swedish blockchain engineers, Chromia originally gained traction within the crypto space through the launch of a proprietary “relational blockchain” solution known as the Postchain. According to the project’s whitepaper, the Postchain’s unique technical architecture enables the network to operate at speed/scale while maintaining near instant finality.

As of April 2022, Chromia, per its website, said it was hosting a number of community-led projects and engaged in several enterprise-focused endeavors, including LAC PropertyChain, an open-source application for property transactions.

How to buy Chromia (CHR)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

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