Blockchain Leader Chiliz Taps Energy Giant Exaion as Validator Node, Advancing Blockchain Sustainability

Chiliz (CHZ), a sports-focused blockchain, has partnered with Exaion, a subsidiary of French energy giant EDF, to serve as a node validator. This alliance strengthens Chiliz's commitment to energy efficiency and marks the first instance of a country (France) becoming a node validator for a blockchain.

Blockchain Pioneer Chiliz Secures Energy Giant Exaion as Validator Node, Marking a Pivotal Milestone in Blockchain Sustainability

In a groundbreaking move that underscores the growing recognition of blockchain technology, the sports-centric blockchain platform Chiliz (CHZ) has forged a strategic partnership with Exaion, a subsidiary of the French state-owned energy provider EDF Group. Exaion joins Chiliz as a validator node, bringing a wealth of expertise and resources to the blockchain network while aligning with Chiliz's vision of promoting energy efficiency within the blockchain industry.

The partnership comes at a crucial juncture for Chiliz, which is implementing a comprehensive tokenomics upgrade to enhance the security and sustainability of its blockchain. The new tokenomics model, based on Delegated Proof of Staked Authority (DPoSA), introduces an innovative inflation staking rewards program and a transaction fee-burning protocol (EIP-1559), ensuring the long-term viability of the Chiliz ecosystem.

By securing Exaion as a validator node, Chiliz has taken a significant step towards its goal of becoming the most environmentally friendly blockchain network. Exaion's deep understanding of energy infrastructure, technology, and sustainability practices will be invaluable to Chiliz as it seeks to optimize its energy consumption and promote blockchain's responsible adoption.

This partnership marks an unprecedented level of collaboration between a state-owned energy provider and a blockchain project. It signals a growing recognition among established institutions of the potential of blockchain technology to transform industries and create a more sustainable future.

Exaion's Expertise Enhances Chiliz's Validation Process

Exaion's expertise in energy efficiency and infrastructure will significantly enhance Chiliz's validation process. As a validator node, Exaion will play a critical role in verifying transactions, ensuring network security, and maintaining the integrity of the blockchain.

The collaboration will also allow Chiliz to leverage Exaion's insights into energy optimization techniques. By integrating these practices into its blockchain operations, Chiliz can minimize its energy consumption and reduce its environmental footprint, setting an example for the industry.

Chiliz's Validator Lineup Bolstered by Exaion's Support

Exaion's addition to Chiliz's validator lineup further strengthens the network's security and reliability. The blockchain now boasts a diverse and experienced group of validators, including the European soccer powerhouse Paris Saint-Germain (PSG), which also operates a validator node.

This diverse validator pool ensures that Chiliz remains decentralized and resistant to malicious actors. It also enhances the blockchain's ability to process transactions quickly and securely, supporting the growing number of users and applications built on the Chiliz network.

Chiliz Tokenomics Upgrade Enhances Staking Rewards and Transaction Efficiency

The partnership with Exaion coincides with Chiliz's tokenomics upgrade, which introduces several key features designed to enhance the staking experience and transaction efficiency. Under the new model, staking rewards are divided into two parts: 80% allocated to validators, and the remaining 20% distributed to users who stake their CHZ tokens.

This revised staking mechanism incentivizes validators to maintain network security while providing attractive rewards to token holders. Additionally, the implementation of EIP-1559 introduces a transaction fee-burning mechanism, reducing transaction costs and further enhancing the blockchain's efficiency.

Chiliz's Recognition by State-Owned Enterprises

The partnership with Exaion and the recent addition of PSG as a validator node underscore the growing recognition of Chiliz's blockchain platform by established institutions. This recognition reflects the project's commitment to security, sustainability, and innovation within the blockchain industry.

As Chiliz continues to expand its ecosystem and develop cutting-edge applications, the support of state-owned enterprises will provide a solid foundation for the long-term growth and success of the blockchain.

Conclusion

The partnership between Chiliz and Exaion marks a significant milestone in the evolution of blockchain technology. By securing a state-owned energy provider as a validator node, Chiliz is not only enhancing its security and reliability but also leading the charge towards a more sustainable blockchain industry. The project's commitment to innovation and responsible adoption of technology is setting a precedent for the future of blockchain networks, demonstrating the potential for blockchain to transform industries and create a positive impact on society.