Chiliz Blockchain 2.0 Built by the ANKR Team with all New Features!

By Cje95 | Chronic Illness and Crypto | 18 Mar 2022


While it is public knowledge that a lot of cryptocurrencies lack a true purpose behind them every once in a while I stumble across one that really seems to have found a niche. A few years ago I discovered the Socios.com app when it first launched and have slowly kept up with the additions as well as buying some Fan Tokens and earning some Chiliz (CHZ) the cryptocurrency it runs on. Last year it was announced that after focusing on Europe growth the development team was going to push into North America. 

 

The Chiliz network powers the Socios.com app and is based on the Binance Smart Chain (BSC). By doing this it allowed the network fees to remain low at all times and even for some trades for you to get a rebate! Since the fees were always low and the transaction speed was pretty fast it never dawned on me that they might alter anything with the chain. I also recently started a new job so I was really behind the 8-ball when it came to the blockchain revamp and how intense it is!.

 

Who Have They Partnered With

When looking at scalability solutions there are a couple of names for companies/organizations to chose from. One of the larger and more well known groups being Ankr the team that was chosen! I ran across Ankr a few months ago on Coinbase as it was one of their Earn coins. Ankr is aiming to help solve one of the biggest needs that any and all blockchains run into. They offer a multi-chain tool kit to help provide and increase Web 3.0 and blockchain compatibility. This helps not only different development teams better scale their operation but it also helps the blockchains by helping them scale and interact with each other. The partnership actually goes beyond just helping create version 2 of the Chiliz blockchain as Chiliz and Ankr are also forming Chiliz Lab which will serve as an accelerator program to incentives projects looking to harness blockchain in the sports and entertainment realm. 

 

What to Expect

When this 2.0 version launches it is going to bring with it a whole slew of new functions that previously did not exist but were highly requested! Yesterday when I wrote about the announcements and updates that the Chiliz/Socios.com team had announced several people were really skeptical about how the new chain was going to protect intellectual property (IP) holders and customers. While the ways this can be done are numerous one of if not the biggest ways it but leveraging things like logos, items, and many other various things that teams and entertainment brands would have trademarked. By doing this this protects the customers by giving them an authorized market to shop at. Could and will be make things in violation of IP laws yes but that already happens at a crazy scale in the real world. 

 

Other features that are long long awaited include the ability to stake! This is great as we have seen Europe and other countries become increasingly concerned with Proof of Work so moving or at least beginning to move to Proof of Stake is fantastic and gives hodlers a great way to create passive income! It will also be EVM compatible giving users backwards compatibility to both Ethereum and Solidity blockchains. While the gas fees on Ethereum are still high we have seen signs of them falling and I love having the ability to move an asset between chains! Like the first version the 2.0 version will also have amazingly low gas fees! They are aiming to have fees that are 500x lower than Ethereum which if they can accomplish will be fantastic to see!

 

Final Thoughts

The coolest part of this whole launch to me is that the team is letting the community name the 2.0 version of the Chiliz blockchain! Tomorrow they will publish a list of the top 10 and from these the community will be able to vote on their favorite! This is pretty unique and I have not run across any other blockchain doing this before so I love to see this kind of community engagement. Hopefully they are still able to roll out the public beta version in the first quarter of this year like they plan to do!

 

Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

 

Fold App

Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 5,000 sats for free!  

 

Unstoppable Domains

Sign up using my link here and get a free $10 credit towards your first $40+ purchase! 

 

Robinhood

Robinhood is offering a great signup deal if you use my link here where we will both be awarded free stock. All that you have to do is sign up and connect your bank account for the award! By also using my link here you also are added to the crypto wallet waitlist and like always both stock and crypto trading is commission-free! 🤝 

 

Coinbase

Sign up for Coinbase and earn $10 of free Bitcoin when you buy or sell $100 in crypto with my referral here!

 

SMiles

If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned over 5,000 sats in just a couple of months walking to work! Here is my link!

How do you rate this article?


33

0

Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.