Update 10, which is the Dark Brotherhood patch, removes Veteran Ranks from ESO and replaces them with Champion Ranks. This is part of a long term plan ZOS has had which is designed to reduce the “grindy” nature of ESO post Level 50.
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Instead of Veteran Ranks you will now see Champion Ranks.
Note: There is no difference between Champion Points and Champion Ranks, just two names for the same thing.
You amount of Champion Points is your Champion Rank.
your character
When you log in for the first time after this update you may notice a couple of things.
You will no longer see any reference to Veteran Ranks.

If you are below Level 50 then nothing will change for you at the moment.

If you were a Veteran Rank then you will have been converted to a Champion Rank.

One Veteran Rank is equal to 10 Champion Ranks, so VR 4 is equal to CP 40.

You will have gained some Champion Points during the conversion.

You can now see other players Champion Points displayed next to their names.
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