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Chia Network Inc. is a US-based blockchain technology company. The company built the Chia blockchain that uses proof of space and proof of time consensus protocols and issues the digital currency Chia (XCH). Chia Network was founded in 2017 by Bram Cohen, the creator of BitTorrent, and Ryan Singer. Its headquarters are in South San Francisco ...
Website. www.chia.net. Chia is a cryptocurrency where mining (or farming, in Chia parlance) is based on the amount of hard disk storage space devoted to it rather than processing power as with proof of work cryptocurrencies such as Bitcoin. The platform was created by a California based company called Chia Network Inc.
Move over Bitcoin and Doge, there's a new crypto in town. Chia, which was founded in 2017, has a key differentiator from other ones -- it is said to be eco-friendly. See: How Does Cryptocurrency ...
Bitcoin at $100,000. As of Aug. 26, Bitcoin stood at $63,900 — up 145.1% in the past year, according to CoinGecko. Peter St. Onge, economist and visiting fellow at the Heritage Foundation, said ...
A cryptocurrency, crypto-currency, or crypto[a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. [2] It has, from a financial point of view, grown to be its own asset class.
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Chia Network is a company founded by Cohen in 2017 [6] that has implemented a proof of space-time cryptocurrency called Chia.Chia is intended to avoid the waste of energy involved in proof-of-work-based cryptocurrencies such as Bitcoin, [7] and the vulnerability to state actors of proof-of-stake systems.
A proof-of-space is a piece of data that a prover sends to a verifier to prove that the prover has reserved a certain amount of space. For practicality, the verification process needs to be efficient, namely, consume a small amount of space and time. For security, it should be hard for the prover to pass the verification if it does not actually ...