Chiliz (CHZ), a pioneering blockchain platform for the sports and entertainment industry, has successfully launched the Dragon8 hard fork on its Chiliz Chain. This major upgrade brings cutting-edge technological advancements and a revamped Tokenomics 2.0 model, aimed at fostering long-term sustainability and value for its ecosystem.
Key Features of the Dragon8 Hard Fork
1. Tokenomics 2.0: A Sustainable Economic Model
- Annual Inflation Rate: Starts at 8.80%, gradually reducing to stabilize at 1.88% over ~14 years.
- Transaction Fee Burning: Introduces a deflationary mechanism to balance incentives for validators and users.
- Long-Term Focus: Designed to reward network participants while maintaining economic equilibrium.
2. Developer-Centric Technological Upgrades
- Latest Solidity Version: Enables new opcodes and precompiles for advanced smart contract development.
- EIP-1559 Integration: Supports type-2 transactions for efficient fee management.
- Enhanced Toolset: Empowers developers to build sophisticated dApps on the Chiliz Chain.
3. Strengthening the SportFi Ecosystem
The Chiliz Chain hosts 80+ projects in its SportFi ecosystem, benefiting from:
- Improved developer tools.
- A more robust and sustainable economic framework.
- Greater scalability and user engagement.
Leadership Insights
Alexandre Dreyfus, CEO of Chiliz and Socios.com, shared:
"Dragon8 reflects our commitment to innovation. Tokenomics 2.0 ensures the Chiliz Chain remains the premier blockchain for sports and entertainment, delivering lasting value to our community."
FAQs About the Dragon8 Hard Fork
1. What is the purpose of Tokenomics 2.0?
It aims to create a balanced, sustainable economy with controlled inflation and fee-burning mechanisms to incentivize participation.
2. How does the hard fork benefit developers?
By introducing Solidity updates and EIP-1559 support, it simplifies transaction management and expands smart contract capabilities.
3. Will CHZ tokens become deflationary?
Yes, the fee-burning mechanism reduces supply over time, counteracting inflation and potentially increasing token value.
4. What’s next for the Chiliz Chain?
Expect further ecosystem growth, with more projects leveraging its enhanced features for SportFi and fan engagement.
Explore Further
👉 Dive deeper into Chiliz Chain’s Tokenomics
👉 Read the official Dragon8 changelog