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HomeCrypto NewsMarketChiliz CEO Alexandre Dreyfus Announced Working On Chiliz Chain V.2

Chiliz CEO Alexandre Dreyfus Announced Working On Chiliz Chain V.2

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Chiliz CEO Alexandre Dreyfus has announced that they are working on the next version of Chiliz Chain. With the new version, users will be able to generate various tokens such as non-fungible tokens (NFT) and fan tokens.

Alexandre Dreyfus Explained that new features will be added to the Socios.com application in the next 2 weeks.


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Chiliz Chain currently operates as a side-chain using the Ethereum infrastructure and proof-of-authority (PoA) algorithm. It is said that non-fungible tokens and fan tokens can be minted in Chiliz Chain v2.0, which is under development.

Dreyfus said that all the establishment they have achieved over time, but they are “at the beginning of the road”.

According to Dreyfus’s statement, the default token of Chiliz Chain v2.0 will remain CHZ. While no date was given for Mainnet, it was stated that testnet will be ready very soon.

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Working in compliance with ERC-20 and BEP-2 standards, CHZ was launched in February 2018 at a price of $0.0215. The price hit a record $0.878 on March 13, 2021, according to CoinGecko.

 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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