icon - Chia
XCH Chia
$ 38.18696168
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 163
    $ 38.18696168
    $ 260,066,230
    $ 9,257,259
    6,810,341 XCH
What is the name of the network?
There is a new consensus mechanism called Proof-of-space-and-time (PoST) that is used in the Chia Network. It is possible to use less energy without compromising network security with the combination of these two. Chia Network is a public, for-profit, open source company that aspires to become listed on the New York Stock Exchange.
The first proof-of-time function was released by Chia Network in 2019.

Who are the founding members of the chia network?
The founder of the popular peer-to-peer file sharing platform was behind the creation of the Chia Network.
The list of venture capitalists backing Chia Network is illustrious.

What makes a network unique?
Chia Network uses a less electricity intensive consensus mechanism to improve upon proof-of-stake and proof-of-work.
Proof-of-space requires miners to keep unused storage on their hard disk drives. In this scenario, miners install special software that allocates free space, which is then used to solve a challenge, similar to puzzle-solving in proof-of-work. When a block is created, a challenge number from the previous block is taken from the miner's disk.
Proof-of-time shows the passage of time through Verifiable Delay Functions in a way that is similar to Solana.
There is a programming language called Chialisp. This is an on-chain programming language that is smart contract compatible and takes most important components ofEthereum, Solidity, andBitcoin Core but keeps the UTXO model.

There are pages related to this.
Solana is a high-speed blockchain.
Check out Polkadot.
We're going to dive into another layer of the ledger.
The latest trading insights and news can be found on the blog.

How many coins are in circulation?
The current supply of XCH is more than 22 million.

chia will be created every 10 minutes for the first three years. chia will be created every 10 minutes for the next four years. chia will be created every 10 minutes for seven years after launch. chia will be created every 10 minutes for the next decade. chia will be created every 10 minutes for the next 12 years.
The network controls most XCH and only 21 years from mainnet launch, the farming rewards will catch up with the strategic reserve.

How is the network secured?
In addition to following a unique approach in combining an adapted proof-of-work consensus mechanism with proof-of-time, Chia Network is governed by a traditional corporate structure.
The company's equity will be listed on a stock exchange, as it believes the model will align incentives better than other models.

Where can you buy chia network?