Chiliz, the leading blockchain provider for the sports and entertainment industry, is excited to announce that the “Dragon8” hard fork on the Chiliz Chain is now live. This critical update heralds a new era with substantial technological enhancements and the introduction of a sophisticated new tokenomics model.
Overview of new tokenomics
Tokenomics 2.0 features a structured annual inflation rate that begins at 8.80% and gradually decreases to stabilize at 1.88% after approximately 14 years. A key component of this is a transaction fee burning mechanism, designed to provide a balanced incentive structure that fosters both immediate participation and long-term commitment from network validators and users.
Developer enhancements in Dragon8
The hard fork also introduces substantial developer-oriented advancements, including the latest version of Solidity. Among other things, this enables developers to utilize new opcodes and precompiles, enriching the toolset available for creating sophisticated smart contracts on the Chiliz Chain. Additionally, the hard fork integrates support for type-2 transactions, aligning with EIP-1559 to streamline transaction fee management and improve economic efficiency for developers.
Comments from Alex Dreyfus
The Chiliz Chain, featuring 80+ projects within its SportFi ecosystem, continues to attract developers and users with its commitment to innovation and community engagement. The Dragon8 hard fork therefore enriches the developer experience and upgrades the economic framework of the Chiliz ecosystem, promoting a sustainable and decentralized network.
“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 and resources
For more detailed information on 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, and is not intended for use by individuals in jurisdictions where such use would be contrary to local laws or regulations, specially the U.S.
