Chiliz (CHZ) Chain Unveils Dragon8 Hard Fork with Enhanced Tokenomics

Chiliz
(CHZ)
Launches
Dragon8
Hard
Fork

Chiliz,
a
leading
blockchain
provider
for
the
sports
and
entertainment
industry,
has
announced
the
successful
launch
of
its
Dragon8
hard
fork
on
the
Chiliz
Chain.
This
critical
update
introduces
significant
technological
enhancements
and
a
sophisticated
new
tokenomics
model,
according
to

Chiliz.

Introduction
of
Tokenomics
2.0

The
Dragon8
hard
fork
marks
the
debut
of
Tokenomics
2.0,
which
features
a
structured
annual
inflation
rate
starting
at
8.80%
and
gradually
decreasing
to
stabilize
at
1.88%
over
approximately
14
years.
A
key
component
of
this
new
model
is
the
transaction
fee
burning
mechanism,
designed
to
provide
a
balanced
incentive
structure
that
encourages
both
immediate
participation
and
long-term
commitment
from
network
validators
and
users.

Technological
Advancements
for
Developers

In
addition
to
the
new
tokenomics
model,
the
hard
fork
introduces
significant
developer-oriented
advancements,
including
the
latest
version
of
Solidity.
This
update
enables
developers
to
utilize
new
opcodes
and
precompiles,
enriching
the
toolset
available
for
creating
sophisticated
smart
contracts
on
the
Chiliz
Chain.
Furthermore,
the
hard
fork
integrates
support
for
type-2
transactions,
aligning
with
EIP-1559
to
streamline
transaction
fee
management
and
improve
economic
efficiency
for
developers.

Impact
on
the
SportFi
Ecosystem

The
Chiliz
Chain,
which
hosts
over
80
projects
within
its
SportFi
ecosystem,
continues
to
attract
developers
and
users
with
its
commitment
to
innovation
and
community
engagement.
The
Dragon8
hard
fork
is
expected
to
enrich
the
developer
experience
and
upgrade
the
economic
framework
of
the
Chiliz
ecosystem,
promoting
a
sustainable
and
decentralized
network.

Statements
from
Leadership

“We‘re
immensely
proud
to
propose
Dragon8,
a
testament
to
our
pursuit
of
innovation
and
excellence,”
said
Alexandre
Dreyfus,
CEO
of
Chiliz
and
Socios.com.
“The
implementation
of
Tokenomics
2.0
is
designed
to
bolster
long-term
value
and
sustainability
for
our
network,
ensuring
the
Chiliz
Chain
remains
the
leading
blockchain
for
the
sports
and
entertainment
industry.”

Further
Information

For
more
detailed
information
on
the
Chiliz
Chain’s
Dragon8
hard
fork,
please
visit
the
Chiliz
Chain

Tokenomics
page
and

Changelog.

Disclaimer:
This
article
is
for
informational
purposes
only
and
is
not
intended
as
financial
advice
or
an
offer
to
buy
or
sell
any
assets.
It
is
not
intended
for
use
by
individuals
in
jurisdictions
where
such
use
would
be
contrary
to
local
laws
or
regulations,
especially
the
U.S.

Image
source:
Shutterstock