Chiliz (CHZ)-Ethereum bridge now live, here's why it matters CHZ $CHZ ETH $ETH ChilizChain
To use the Chiliz Ethereum bridge, users would need to have CHZ tokens on at least either of the networks, enough ETH to cover the gas fee if bridging from Ethereum, or enough CHZ to cover the gas fee if bridging from the Chiliz Chain.
In a major announcement, the Chiliz Chain mainnet, the first-of-its-kind blockchain infrastructure for sports and entertainment, is now live, marking a significant milestone for the world of blockchain and sports. The public mainnet of Chiliz Chain has officially launched, ushering in the next stage of Chiliz's mission to improve relationships between fans, communities and their favorite sports teams and companies through blockchain technology.Chiliz Chain is a Layer 1, EVM-compatible, proof-of-stake authority blockchain, marking the next phase in the Chiliz project.
The EVM-compatible interoperable ecosystem will introduce a system of 11 active proof-of-stake authority node validators, which will include some of the most respected names in blockchain and eventually leading sports properties.All fees on the Chiliz Chain will be paid using the Chiliz native token , which acts as the network enabler of the new ecosystem. The new blockchain will be known as the Chiliz Chain, whereas the old blockchain will now be referred to as the Chiliz Legacy Chain.
The Chiliz team highlights that MetaMask is the only self-custody wallet currently available on the Chiliz Chain. The company also says that it will routinely launch new validators, products and services that will join the ecosystem and that it has more interesting upgrades planned for the coming weeks.
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