Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. <\/p>\n
In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company\u2019s ongoing commitment to providing a seamless and efficient experience for its users.\u00a0<\/p>\n
Chiliz has been a trailblazer in the sports and entertainment industry, utilizing blockchain technology to bridge the gap between sports fans and their favorite teams. <\/p>\n
The platform\u2019s innovative approach allows fans to engage with their chosen teams through fan tokens, gaining access to exclusive content, rewards, and even influencing certain team decisions through token-based voting systems.\u00a0<\/p>\n
Upcoming Proposals: Upgrading the Smart contracts<\/p>\n
Upgrade 1: Upgrading the contracts to allow factory contracts to deploy without being whitelisted as deployers. The factory contract will still need to be deployed by a whitelisted deployer.#ChilizGovernance<\/a> $CHZ<\/a> pic.twitter.com\/zyBTqzAhTJ<\/a><\/p>\n \u2014 Chiliz ($CHZ) \u2013 Powering Socios.com (@Chiliz) August 14, 2023<\/a><\/p>\n As the platform gears up for these improvements, the question on everyone\u2019s mind is whether these upgrades will play a role in boosting the price of CHZ<\/a>, Chiliz\u2019s native cryptocurrency.<\/p>\n The first of the upcoming upgrades<\/a> focuses on streamlining the deployment of factory contracts. In a bid to improve efficiency, Chiliz plans to enable such contracts to be deployed without the need for whitelisting as deployers.\u00a0<\/p>\n This move is expected to simplify the process while maintaining a level of security by ensuring that the factory contract is still initiated by a whitelisted deployer. By reducing friction in the contract deployment process, Chiliz aims to enhance user experience and attract a wider range of participants.<\/p>\n The second upgrade revolves around staking pool contract enhancements. Chiliz aims to address issues related to the accuracy of voting power displayed for validators and the calculation of delegated amounts.\u00a0<\/p>\n\n To rectify this, the Chiliz team has indicated that a temporary downtime for the delegated and undelegated features will be necessary during the upgrade. While this may temporarily inconvenience users, the improvements are anticipated to provide a more accurate and transparent staking experience.<\/p>\n As Chiliz enthusiasts eagerly await these upgrades, the impact on the price of CHZ remains a topic of interest. At the time of writing, CHZ is in the red in all timeframes, and priced at $0.074903 according to CoinGecko<\/a>. <\/p>\n The past 24 hours have seen a decline of 1.2% in its value, while the past seven days have witnessed a decline of 1.5%. These fluctuations underscore the inherent volatility of the cryptocurrency market.<\/p>\n\n While the direct correlation between upgrades and price movements can be complex and multifaceted, the anticipated improvements in Chiliz\u2019s smart contracts could bolster investor confidence in the platform\u2019s future prospects.\u00a0<\/p>\n (This site\u2019s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n Featured image from Dr Trouble Hot Sauce<\/em><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. <\/p>\n In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company\u2019s ongoing commitment to providing a seamless and efficient experience for its users.\u00a0<\/p>\n Chiliz has been a trailblazer in the sports and entertainment industry, utilizing blockchain technology to bridge the gap between sports fans and their favorite teams. <\/p>\n The platform\u2019s innovative approach allows fans to engage with their chosen teams through fan tokens, gaining access to exclusive content, rewards, and even influencing certain team decisions through token-based voting systems.\u00a0<\/p>\n Upcoming Proposals: Upgrading the Smart contracts<\/p>\n Upgrade 1: Upgrading the contracts to allow factory contracts to deploy without being whitelisted as deployers. The factory contract will still need to be deployed by a whitelisted deployer.#ChilizGovernance<\/a> $CHZ<\/a> pic.twitter.com\/zyBTqzAhTJ<\/a><\/p>\n \u2014 Chiliz ($CHZ) \u2013 Powering Socios.com (@Chiliz) August 14, 2023<\/a><\/p>\n As the platform gears up for these improvements, the question on everyone\u2019s mind is whether these upgrades will play a role in boosting the price of CHZ<\/a>, Chiliz\u2019s native cryptocurrency.<\/p>\nChiliz Upgrades On The Horizon<\/strong><\/h2>\n
Impact On CHZ Price<\/strong><\/h2>\n
Chiliz Upgrades On The Horizon<\/strong><\/h2>\n