This significant update introduces a range of advanced features and a revamped tokenomics model known as Tokenomics 2.0.
Tokenomics 2.0 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.
Chiliz Chain Advances with ‘Dragon8’ Hard Fork
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.
Moreover, the Dragon8 hard fork 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.
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In alignment with broader blockchain developments, the hard fork also introduces support for type-2 transactions, aligning with EIP-1559 standards. This upgrade streamlines transaction fee management, optimizing economic efficiency and enhancing user experience on the Chiliz Chain.
With over 80 projects already integrated into its SportFi ecosystem, the Chiliz Chain continues to attract developers and users alike through its commitment to innovation and community engagement.
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.
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