Chia cryptocurrency invented by Bram
Cohen (known
for developing the peer-to-peer BitTorrent protocol) uses
the capacity of hard drive storage for its consensus
mechanism Unlike bitcoin, which requires gigantic amounts of
processing power and electricity for mining claims to be a green
eco-friendly cryptocurrency because Chia uses "proof of space and
time".
According
to "Coin Market Cap" The chia uses empty computer storage
space instead of electricity and power for the mining process, which the Chia
Cryptocurrency Network calls "farming." Chia's "proof
of space and time" process allows participants miners or farmers to show
that they have been physically storing data over a certain period of time.
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Before
Chia, Cardano, and Ada are known as the
most environmentally conscious cryptocurrencies which use that platform to
allow for transactions to happen. That is because it is built on the idea of
proof-of-stake, rather than proof of work.
Chia
stated that the network believes that cryptocurrency should be
easier to use than cash, harder to lose, and nearly impossible to steal. Anyone
who wants to validate transactions should be able to farm without single-use
hardware or a big electricity bill in a main-net release. The 1st Chia
Blockchain1.0 beta 19 was released on January 13, 2021.
Chia
Self Reported that Chia's market cap is $746,803,196, Fully
Diluted Market Cap $31,213,170,288, Circulating Supply 514,760.00 XCH as per
14-05-2021 and Huobi Global, OKEx, MXC.COM, DigiFinex, and AOFEX are exchanges
currently trading in Chia cryptocurrency.
The most common
queries about Chia cryptocurrency are:
What is Chia crypto coin price prediction?
How to farm Chia cryptocurrency?
How to mine Chia?
What is the value of the Chia crypto coin?
What is Chia crypto coin price prediction?
How to farm Chia cryptocurrency?
How to mine Chia?
What is the value of the Chia crypto coin?