{"id":547328,"date":"2023-08-15T17:00:02","date_gmt":"2023-08-15T17:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=547328"},"modified":"2023-08-15T14:02:29","modified_gmt":"2023-08-15T14:02:29","slug":"chiliz-chz-empowers-smart-contracts-with-upgrades-positive-impact-on-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chiliz-chz-empowers-smart-contracts-with-upgrades-positive-impact-on-price\/","title":{"rendered":"Chiliz (CHZ) Empowers Smart Contracts With Upgrades – Positive Impact On Price?"},"content":{"rendered":"

Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. <\/span><\/p>\n

In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company’s ongoing commitment to providing a seamless and efficient experience for its users.\u00a0<\/span><\/p>\n

Chiliz has been a trailblazer in the sports and entertainment industry, utilizing blockchain technology to bridge the gap between sports fans and their favorite teams. <\/span><\/p>\n

Related Reading: Dogecoin Vs. Bitcoin: Co-Founder Labels BTC Maximalists As \u2018Insecure Losers\u2019<\/a><\/div>\n

The platform’s innovative approach allows fans to engage with their chosen teams through fan tokens, gaining access to exclusive content, rewards, and even influencing certain team decisions through token-based voting systems.\u00a0<\/span><\/p>\n

\n

\ud83d\uddf3\ufe0f Upcoming Proposals: Upgrading the Smart contracts<\/p>\n

Upgrade 1: Upgrading the contracts to allow factory contracts to deploy without being whitelisted as deployers. The factory contract will still need to be deployed by a whitelisted deployer.#ChilizGovernance<\/a> \u26a1 $CHZ<\/a> pic.twitter.com\/zyBTqzAhTJ<\/a><\/p>\n

\u2014 Chiliz ($CHZ) – Powering Socios.com \u26a1 (@Chiliz) August 14, 2023<\/a><\/p><\/blockquote>\n

As the platform gears up for these improvements, the question on everyone’s mind is whether these upgrades will play a role in boosting <\/span>the price of CHZ<\/span><\/a>, Chiliz’s native cryptocurrency.<\/span><\/p>\n

Chiliz Upgrades On The Horizon<\/strong><\/h2>\n

The first of the <\/span>upcoming upgrades<\/span><\/a> focuses on streamlining the deployment of factory contracts. In a bid to improve efficiency, Chiliz plans to enable such contracts to be deployed without the need for whitelisting as deployers.\u00a0<\/span><\/p>\n

This move is expected to simplify the process while maintaining a level of security by ensuring that the factory contract is still initiated by a whitelisted deployer. By reducing friction in the contract deployment process, Chiliz aims to enhance user experience and attract a wider range of participants.<\/span><\/p>\n

The second upgrade revolves around staking pool contract enhancements. Chiliz aims to address issues related to the accuracy of voting power displayed for validators and the calculation of delegated amounts.\u00a0<\/span><\/p>\n

<\/p>\n

Chiliz is currently trading at $0.0748. Chart by TradingView.com<\/a><\/pre>\n
To rectify this, the Chiliz team has indicated that a temporary downtime for the delegated and undelegated features will be necessary during the upgrade. While this may temporarily inconvenience users, the improvements are anticipated to provide a more accurate and transparent staking experience.<\/span><\/p>\n
Impact On CHZ Price<\/strong><\/h2>\n
As Chiliz enthusiasts eagerly await these upgrades, the impact on the price of CHZ remains a topic of interest. At the time of writing, CHZ is in the red in all timeframes, and priced at $0.074903 according to <\/span>CoinGecko<\/span><\/a>. <\/span><\/p>\n
The past 24 hours have seen a decline of 1.2% in its value, while the past seven days have witnessed a decline of 1.5%. These fluctuations underscore the inherent volatility of the cryptocurrency market.<\/span><\/p>\n
\"\"<\/p>\n
CHZ price action today. Source: Coingecko<\/a><\/pre>\n
Related Reading: FDIC Warns Of Crypto\u2019s Legal And Fraud Risks For US Banks \u2013 Here\u2019s Why<\/a><\/div>\n
While the direct correlation between upgrades and price movements can be complex and multifaceted, the anticipated improvements in Chiliz’s smart contracts could bolster investor confidence in the platform’s future prospects.\u00a0<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>Dr Trouble Hot Sauce<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company’s ongoing commitment to providing a seamless and efficient experience for its users.\u00a0 Chiliz has been a trailblazer in the sports and entertainment industry, utilizing blockchain technology to bridge the gap between sports fans and their favorite teams. Related Reading: Dogecoin Vs. Bitcoin: Co-Founder Labels BTC Maximalists As \u2018Insecure Losers\u2019 The platform’s innovative approach allows fans to engage with their chosen teams through fan tokens, gaining access to exclusive content, rewards, and even influencing certain team decisions through token-based voting systems.\u00a0 \ud83d\uddf3\ufe0f Upcoming Proposals: Upgrading the Smart contracts Upgrade 1: Upgrading the contracts to allow factory contracts to deploy without being whitelisted as deployers. The factory contract will still need to be deployed by a whitelisted deployer.#ChilizGovernance \u26a1 $CHZ pic.twitter.com\/zyBTqzAhTJ \u2014 Chiliz ($CHZ) – Powering Socios.com \u26a1 (@Chiliz) August 14, 2023 As the platform gears up for these improvements, the question on everyone’s mind is whether these upgrades will play a role in boosting the price of CHZ, Chiliz’s native cryptocurrency. Chiliz Upgrades On The Horizon The first of the upcoming upgrades focuses on streamlining the deployment of factory contracts. In a bid to improve efficiency, Chiliz plans to enable such contracts to be deployed without the need for whitelisting as deployers.\u00a0 This move is expected to simplify the process while maintaining a level of security by ensuring that the factory contract is still initiated by a whitelisted deployer. By reducing friction in the contract deployment process, Chiliz aims to enhance user experience and attract a wider range of participants. The second upgrade revolves around staking pool contract enhancements. Chiliz aims to address issues related to the accuracy of voting power displayed for validators and the calculation of delegated amounts.\u00a0 Chiliz is currently trading at $0.0748. Chart by TradingView.com To rectify this, the Chiliz team has indicated that a temporary downtime for the delegated and undelegated features will be necessary during the upgrade. While this may temporarily inconvenience users, the improvements are anticipated to provide a more accurate and transparent staking experience. Impact On CHZ Price As Chiliz enthusiasts eagerly await these upgrades, the impact on the price of CHZ remains a topic of interest. At the time of writing, CHZ is in the red in all timeframes, and priced at $0.074903 according to CoinGecko. The past 24 hours have seen a decline of 1.2% in its value, while the past seven days have witnessed a decline of 1.5%. These fluctuations underscore the inherent volatility of the cryptocurrency market. CHZ price action today. Source: Coingecko Related Reading: FDIC Warns Of Crypto\u2019s Legal And Fraud Risks For US Banks \u2013 Here\u2019s Why While the direct correlation between upgrades and price movements can be complex and multifaceted, the anticipated improvements in Chiliz’s smart contracts could bolster investor confidence in the platform’s future prospects.\u00a0 (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Dr Trouble Hot Sauce<\/p>\n","protected":false},"author":557,"featured_media":547359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1020,1144,16198,86883,8686,4735],"class_list":["post-547328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-btcusd","tag-chiliz","tag-chz-price","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nChiliz Empowers Smart Contracts With Upgrades<\/title>\n<meta name=\"description\" content=\"Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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