Today, with the rapid development of blockchain technology, decentralized applications (dApps) have become the focus of many developers and enterprises. As the first blockchain to provide a decentralized application development platform, Ethereum has created many application standards, but developers have faced many challenges during the actual development process. In order to deal with these problems, the emergence of CHR tokens is undoubtedly a shot in the arm.
Overview of existing platform issues
The success of Ethereum does not mean that it is perfect, but it exposes its limitations in many aspects:
Limited capacity: The Ethereum network has limited capacity, and usage fees are proportional to the network load, which results in transaction fees for complex applications as high as $1 or more. Such high costs make most applications virtually impossible to run, forcing developers to consider how to reduce costs to attract users.
High I/O operation fees: Due to network capacity limitations, the contract cannot iterate over the user list, which forces developers to design cumbersome solutions when implementing simple operations (such as interest payments).
Poor data model tools: Application developers often need to rely on centralized indexing and caching layers, or use third-party services that do not provide the same security protection as the base layer, increasing security risks.
Error-prone contract language
Ethereum’s contract language is error-prone, resulting in many high-profile hold-ups, which not only damages user trust but also affects the stability of the entire ecosystem.
Lack of contract upgrade clauses: The lack of contract upgrade clauses at the platform level forces developers to implement this functionality as a separate layer, further increasing the complexity of the system.
Poor user experience: Users were charged for every interaction, which resulted in a poor user experience, with slow confirmation times becoming a major usage issue.
Poor light client support: Even three years after development, the Ethereum Foundation still struggles to provide production-quality light wallets, which prevents many users from successfully using decentralized applications.
Why do you need CHR tokens?
Faced with the above challenges, the design concept of CHR token is to completely change the blockchain architecture and programming model, so that the needs of decentralized applications become the center. The CHR token will not only solve the problems of the existing platform, but also provide developers with greater autonomy.
Blockchain as Repository: In the context of decentralized applications, the primary role of blockchain is to manage data in a secure and consistent manner. Therefore, the CHR token treats the blockchain as a database, allowing developers to process data more efficiently.
Increased Capacity and Lowered Costs: CHR tokens are designed to increase the capacity of the network, thereby lowering transaction fees. This means developers can provide users with more cost-effective services and attract more users to participate.
Improve I/O operations
CHR tokens will optimize I/O operations, allowing the contract to flexibly handle multiple user requests, simplify the development process, and improve development efficiency.
Providing powerful data model tools: CHR tokens will provide more advanced data model tools, allowing developers to query more easily without having to rely on centralized solutions.
Improve contract security: By improving the contract language, CHR tokens aim to reduce the error rate in contracts and enhance contract security, thereby protecting users’ assets.
Provide contract upgrade function: CHR tokens will provide contract upgrade function at the platform level, reducing the burden on developers and allowing applications to continue to improve as needs change.
Improve user experience: CHR tokens will work to improve user experience, reduce user fees when using decentralized applications, and increase confirmation speed, allowing users to conduct transactions more smoothly.
in conclusion
The emergence of the CHR token marks a major change in decentralized application development. By solving many problems with the existing platform, CHR tokens not only provide developers with greater autonomy, but also bring a better user experience. With the promotion of CHR tokens, we have reason to believe that future decentralized applications will be more flexible, efficient and secure.
In this challenging blockchain world, the rise of CHR tokens may bring us new hope and make the future of decentralized applications brighter.