Significant Development in a Popular Altcoin: Launching Hard Fork

Chiliz (CHZ), a blockchain provider working in sports and entertainment, announced the activation of the “Dragon8” hard fork on the Chiliz Chain.

According to the official announcement, this update brings a new tokenomic model and technological improvements. The hard fork in question will be launched on the mainnet on May 21, 2024.

The hard fork envisages the full implementation of the previously announced Chiliz Chain Tokenomics 2.0. This new model has a structured annual inflation rate that starts at 8.80% and gradually decreases to stabilize at 1.88% after 14 years.

In addition to the new tokenomics model, the hard fork also brings significant developer-focused advancements, including the latest version of Solidity. This enables developers to use new opcodes and preliminary builds, enriching existing tools for building advanced smart contracts on the Chiliz Chain.

Chiliz Alexandre Dreyfus said he was very proud of the launch of Dragon8. “The implementation of Tokenomics 2.0 is designed to drive long-term value and sustainability for our network and ensure Chiliz Chain remains the leading blockchain for the sports and entertainment industry,” Dreyfus said.

*This is not investment advice.

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