Chromia Introduces On-Chain Vector Databases Through the Mimir Update

Layer 1 relational blockchain Chromia The successful implementation of the Mimir Mainnet Upgrade signifies a huge leap in decentralized technology, enabling the on-chain storage of vector data, a fundamental resource for AI-driven solutions.

According to Johnson Lai, Chromia's Head of Data and AI, \"Our platform brings substantial advantages in terms of security, uptime, and transparency, and it stands out as one of the most affordable solutions available, not just within the Web3 space, but across the board.\"

Vector databases are vital to AI functionalities, aiding in processes such as similarity searching, long-term memory management, and context-aware text retrieval. Historically, many AI initiatives relied on centralized services to handle and store these databases, but the Mimir Upgrade offers a decentralized option that allows for direct storage of vector data on Chromia's blockchain.

By decentralizing the storage of vector data Chromia is dedicated to enhancing transparency, security, and autonomy for AI developers while significantly reducing operational expenses. Internal estimates suggest that their model could cut costs by as much as 98% compared to competitors, thanks to a set pricing scheme that avoids fluctuations during peak demand.

Mimir Upgrade: Unveiling The First AI Inference Extension Version

Not only does the Mimir Upgrade bolster the capabilities of the vector database, but it also introduces the inaugural version of the AI Inference Extension. This extension enables the execution of open-source models, including DeepSeek, on Chromia’s provider nodes, providing a viable alternative to conventional cloud hosting solutions like AWS.

By continuing to innovate and prioritize decentralized solutions, Chromia intends to simplify access to blockchain technology for AI developers. This upgrade not only escalates the platform’s utility for dApps built on Chromia but also benefits projects on other blockchains and Web2 entities transitioning to decentralized infrastructures.

Chromia Chromia operates as a Layer 1 blockchain that employs a modular architecture, offering developers and users tailored dApp chains, fee structures, and digital assets. This innovative approach to data structuring on the blockchain allows for real-time indexed, natively queryable data, challenging conventional practices and striving to enhance the user experience while fostering the development of new Web3 business ventures.