The web3 technology firm OKX has recently announced a partnership with Chiliz Chain, a leading EVM-based blockchain known as the pioneer in the sports and entertainment segments. Having a new validator on the Chiliz Chain from the OKX aims to strengthen the governance, security, and scalability of the chain.
Chiliz Chain stands on the Decentralized Proof of Staked Authority (DPoSA) consensus that involves validators contributing greatly to block formation and authentication. As part of the Chiliz Chain, entities must stake to the minimum number of 10 million CHZ, the token, to be qualified as validators.
OKX’s arrival prompts Chiliz Chain to consider specific additions regarding smart contract development and execution, particularly focusing on block validity. OKX brings massive expertise and experience from the crypto exchange field to the Chiliz Chain’s ecosystem
The partnership between OKX and Chiliz has produced positive outcomes including spot trading for CHZ tokens and the support of Chiliz Chz2.0 mainnet. Fan tokens can now be found in the OKX exchange hence building an emotional closer relationship with sports.
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