OKX, a prominent web3 technology company, has recently formed a partnership with Chiliz Chain, an EVM-based blockchain that is a trailblazer in the sports and entertainment industries. By adding OKX as a new validator to the Chiliz Chain, governance, security, and scalability are expected to significantly improve.
#NewListing ALERT 🚨
📈 $BLOCK/USDT @GetBlockGames Spot Trading is now open!
Trade now:
— OKX (@okx) April 11, 2024
In simpler terms, the Chiliz Chain operates under the Decentralized Proof of Staked Authority (DPoSA) system, where significant contributors to block creation and verification are chosen as validators. To become a validator in this network, one must stake at least 10 million CHZ tokens.
With OKX joining the scene, the Chiliz Chain feels compelled to explore enhancements in the realm of smart contract creation and implementation, specifically concentrating on block validation. OKX’s extensive knowledge and background in the cryptocurrency exchange sector significantly bolsters the Chiliz Chain community.
Through their collaboration, OKX and Chiliz have yielded favorable results such as enabling CHZ token spot trading and providing backing for Chiliz’s Chz2.0 mainnet. Fans can now access and trade fan tokens on the OKX platform, thereby fostering a more engaging connection between fans and their favorite sports.
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2024-04-12 23:36