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Chiliz combines blockchain technology and sports, using a proof of authority consensus mechanism to enable sports fans to engage with their favorite teams.

Chiliz has launched the Dragon 8 hard fork, marking the first major technical upgrade to its Chiliz Chain since May 2023. The upgrade aims to enhance system performance and compatibility while introducing the Tokenomics 2.0 model. Additionally, South Korean internet giant Naver's payment platform, Naver Pay, announced the release of a beta version of its digital asset wallet service, Naver Pay Wallet. Naver Pay is collaborating with Chiliz, a blockchain company focused on sports and entertainment, to offer a rich array of Web3 content and exclusive activities to users participating in the beta test. This collaboration signifies an opportunity for sports fans to engage more deeply with their supported teams through blockchain technology, creating new growth potential for the sports entertainment industry.

This article introduces the SportFi (Sports Finance) project Chiliz.

This article introduces the SportFi (Sports Finance) project Chiliz.

The Pi node is an important part of the Pi network, allowing ordinary users to participate in the transaction verification and consensus process of the blockchain. Pi nodes run through desktop applications using the Stellar Consensus Protocol (SCP) mechanism rather than traditional Proof of Work (PoW). Nodes are divided into three participation levels: computer applications, nodes, and super nodes, each level having different responsibilities and functions. The goal of the Pi network is to gradually achieve decentralization, where in the future, users can not only verify transactions but also contribute computing resources to participate in network construction. Although there are currently no direct rewards in the Testnet phase, Pi nodes provide users with a simple way to participate in blockchain development, with reward mechanisms expected to be introduced in the future.