Chiliz

<h4><strong>This significant update introduces a range of advanced features and a revamped tokenomics model known as Tokenomics 2.0.</strong></h4> 
<p><a href="https://docs.chiliz.com/learn/about-chiliz-chain/tokenomics" target="_blank" rel="noopener">Tokenomics 2.0</a> is designed to establish a sustainable economic framework for the Chiliz ecosystem. Central to this update is an annual inflation rate that starts at 8.80% and gradually stabilizes to 1.88% over approximately 14 years.</p> 
<h5><strong>Chiliz Chain Advances with ‘Dragon8’ Hard Fork</strong></h5> 
<p>This structured inflation mechanism aims to balance immediate participation incentives with long-term network stability. Crucially, the update includes a transaction fee-burning mechanism, enhancing economic efficiency and incentivizing network validators and users alike.</p> 
<p>Moreover, the <a href="https://medium.com/chiliz/dragon8-hard-fork-is-now-live-on-the-chiliz-chain-with-revamped-tokenomics-c78e9717b928" target="_blank" rel="noopener">Dragon8 hard fork</a> brings substantial enhancements for developers. It integrates the latest version of Solidity, offering developers access to new opcodes and precompiles. These additions expand the toolset available for creating sophisticated smart contracts on the Chiliz Chain, reinforcing its appeal as a platform for innovative decentralized applications.</p> 
<p><img decoding="async" class="wp-image-143391 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vvdsvsdgr-262x300.jpg" alt="" width="466" height="534" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vvdsvsdgr-262x300.jpg 262w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vvdsvsdgr-367x420.jpg 367w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vvdsvsdgr.jpg 397w" sizes="(max-width: 466px) 100vw, 466px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Chiliz/status/1802663259108970835" target="_blank" rel="noopener">X</a></strong></h6> 
<p>In alignment with broader blockchain developments, the hard fork also introduces support for type-2 transactions, aligning with <a href="https://consensys.io/blog/what-is-eip-1559-how-will-it-change-ethereum" target="_blank" rel="noopener">EIP-1559 standards</a>. This upgrade streamlines transaction fee management, optimizing economic efficiency and enhancing user experience on the Chiliz Chain.</p> 
<p>With over 80 projects already integrated into its <a href="https://docs.chiliz.com/community/chiliz-chain-ecosystem" target="_blank" rel="noopener">SportFi ecosystem</a>, the Chiliz Chain continues to attract developers and users alike through its commitment to innovation and community engagement.</p> 
<p>Alexandre Dreyfus, CEO of Chiliz and Socios.com, expressed pride in the Dragon8 launch, highlighting its role in advancing innovation and sustainability within the network. “The implementation of Tokenomics 2.0 aims to enhance long-term value and sustainability for our ecosystem,” stated Dreyfus. He emphasized the Chiliz Chain’s ongoing evolution as the preferred blockchain solution for the sports and entertainment industries.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="YUkeKRaaZBw">
 <iframe title="This is Cardano ADA MAKE-or-BREAK Milestone... 👀" width="696" height="392" src="https://www.youtube.com/embed/YUkeKRaaZBw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/chiliz-launches-dragon8-hard-fork/">Chiliz Launches Dragon8 Hard Fork</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Chiliz Launches Dragon8 Hard Fork

Altcoin Buzz

Other articles published on Jun 19, 2024

Investors Shifting Towards MoonBag Presale from Polygon and Toncoin in Volatile Crypto Markets

BlockDAG Sparks Interest Among Crypto Miners with X1 Mining App, Outshining Ethereum ETFs, and ST...

Pantera Capital to Raise $1 Billion for Early-Stage Crypto and AI Projects

MoonBag Meme Coin Soars To The Moon With 88% APY While BitBot And Bitcoin Cash Are Stuck In Crisis

VC funding for crypto projects in Q1: Are tokens and altcoins dragged down by VC investments?

Understanding the 3 Leading Causes of Bitcoin’s 7% Decline in Fortnight

Join our free newsletter for daily crypto updates!