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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.
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.
The Chia Network was founded in 2017 by American computer programmer Bram Cohen, the author of the BitTorrent protocol. [2] In May 2021, Chia Network raised a $61 million investment, valuing the company at about $500 million. The same month, the company announced plans to conduct an IPO before the end of 2021. [3] [4] [5] As of 2023, Chia had ...
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The price of bitcoin surpassed $100,000 for the first time on Friday, soaring to a fresh high as the world’s largest cryptocurrency extended a rally set off by the election of former President ...