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Chiliz Launches Native Blockchain in Shift Away From 'Just Being a Token': CEO

Chiliz, the crypto startup behind fan token platform Socios, today launched its new layer-1 blockchain, shifting away from the current chain running on Ethereum.

The launch of Chiliz Chain 2.0 comes as the project marks its fifth anniversary, with a logo rebrand as another key aspect of the celebrations.

Chiliz Chain 2.0, which was launched on testnet in March last year, is a fork of the BNB Chain operating on a proof-of-stake authority (PoSA) consensus mechanism that supports shorter block time, lower fees, and less energy usage.

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