Chiliz Chain (formerly called “Chiliz Chain 2.0”) is a standalone Layer-1, EVM-compatible blockchain. It uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, which is a combination of Delegated Proof-of-Stake (DPoS) and Proof-of-Authority (PoA). Under the PoSA consensus mechanism, the community grants authority through staking tokens, and only the selected parties contribute to the network.