Chiliz

Chiliz Chain works by leveraging a system of 11 validators with the Proof of Staked Authority (PoSA) consensus which supports shorter block time and lower fees. The most bonded validator candidates of staking then become the validators and start producing blocks. Additionally, double-sign detection and other slashing logic further ensure security, stability, and chain finality.

Key features include Proof of Staked Authority consensus, EVM compatibility, and the native token CHZ which can be used to pay gas, perform cross-chain operations, and secure the network by staking or delegating it. The blockchain also supports community governance through its staking governance, allowing for a more decentralized network.

Chiliz Chain utilizes a Proof of Staked Authority (PoSA) consensus, combining elements of DPoS and PoA for consensus. It inherits heavily from the BSC consensus mechanism, Parlia, where blocks are produced by a limited set of validators who take turns in a PoA manner. Validator sets are elected in and out based on the staking governance on the Chiliz Chain.

Chiliz Chain aims to foster a secure online community centered on sports and entertainment, striving to create a web3 ecosystem where stakeholders can craft web3 experiences within a secure, network-effect-driven environment. It provides access to global brands and a broad partner network in the sports and entertainment sectors.

Chiliz Chain was launched on May 10, 2023.

With the public release of Chiliz Chain Mainnet, staking for CHZ tokens is now available, enabling all Chiliz holders to partake in governance by staking their CHZ as a delegator to one of the 11 validators.

Testnet is a Mainnet replica for testing purposes without incurring gas fees, while Mainnet hosts real transactions with actual gas fees. Scoville and Spicy are Testnet blockchains, whereas Chiliz Chain is a Mainnet blockchain.

Testnet serves as a testing platform for smart contracts destined for deployment on Chiliz Chain, allowing users to experiment with basic on-chain smart contracts.

Initially, the Scoville Testnet was launched in 2022 for dApp testing. Post external audits, the Spicy Testnet was introduced in 2023 to enhance security and performance, replacing the Scoville Testnet. Developers are encouraged to use the Spicy Testnet for their tests as it mirrors the updated Chiliz Chain.

The name 'Scoville' is inspired by the Scoville scale used to measure pepper spiciness, reflecting Chiliz's ethos of adding spice to their endeavors. The Scoville Testnet phases are named after various spicy chili peppers.

Chiliz Chain adopts a more centralized launch to ensure a low-risk environment and protect organizational rights. However, over time, it plans to transition towards increased decentralization by onboarding key stakeholders as validators to enhance network security and share in its success.