What Is Chiliz Chain (CHZ)?
Chiliz Chain is a blockchain developed by Chiliz, the company behind the platform Socios.com and Fan Tokens. It was created to meet the specific needs of tokenization of assets related to the world of sport and entertainment.
Chiliz Chain uses a hybrid architecture, which combines the advantages of public and private blockchains. It is designed to provide high security, high performance and high scalability to meet the needs of large-scale tokenization. It uses a proof of stake (POS) consensus algorithm to validate transactions.
The Chiliz Chain allows the creation, issuance and management of Fan Tokens and other digital assets for the world of sport and entertainment. It also offers fans the opportunity to hold digital assets that represent their commitment to their favorite team.