Chiliz Legacy Chain (previously known as Chiliz Chain 1.0) is a Proof of Authority (PoA) blockchain and the birthplace of the Fan Token – a digital asset class pioneered by Socios.com, which is the first application to utilize Chiliz blockchain technology.
Chiliz has recently launched an updated version of its original blockchain technology, known as Chiliz Chain (previously known as Chiliz Chain 2.0), which leverages the Proof of Staked Authority (PoSA) consensus algorithm. This innovative upgrade is set to expand the Chiliz ecosystem by allowing smart contract developers, validators, stakers, and other stakeholders to participate in the network.