Chiliz Chain stands on the Decentralized Proof of Staked Authority (DPoSA) consensus that involves validators contributing greatly to block formation and authentication. As part of the Chiliz Chain, entities must stake to the minimum number of 10 million CHZ, the token, to be qualified as validators.
OKX’s arrival prompts Chiliz Chain to consider specific additions regarding smart contract development and execution, particularly focusing on block validity. OKX brings massive expertise and experience from the crypto exchange field to the Chiliz Chain’s ecosystem.
OKX’s alliance with Chiliz has led to significant achievements, such as facilitating spot trading for CHZ token, since March 2021, and supporting Chiliz (CHZ) 2.0 mainnet integration in October 2023. Additionally, OKX has listed various fan tokens, connecting with the sports community on a deeper level.
Founded in 2018, Chiliz has focused on developing a unique solution to one of the most salient problems that sports teams and leagues face, which is how to sustainably and affordably scale their brands and maximize fan engagement globally.
With the Chiliz Chain, Chiliz aims to provide an innovative platform for sports brands, gaming companies, and fans to engage through a SportFi ecosystem, leveraging blockchain technology for fan tokens, NFTs, and decentralized applications, thereby enhancing the fan experience.
.
Nasdaq is deepening its push into tokenized markets with a $100 million investment in Payward,…
MoneyGram is pushing stablecoins beyond crypto trading and remittances with a new payment card designed…
Hunter Biden’s newly launched LAPTOP memecoin delivered exactly the kind of chaos critics warned about…
Jack Dorsey's Block is making another major move into regulated finance, applying to create a…
Some of the world's biggest AI platforms experienced overlapping service disruptions on Thursday, September 3,…
Official U.S. economic data is moving directly onto public blockchains. The U.S. Department of Commerce…