Chiliz Network shares crucial updates for users

According to the most recent update from the Chiliz network, the CHZ token and fan tokens will merge into a single blockchain as part of the transition to Chiliz Chain 2.0, a new and upgraded version of Chiliz Chain.

The new Chiliz Chain will make use of a Proof-of-Staked-Authority (PoSA) consensus that provides the best possible scalability, governance structure, staking and speed, expanding the uses of CHZ as well as fan tokens.