Chia is a transformative cryptocurrency launched in 2017 by Bram Cohen, the renowned creator of BitTorrent. Designed to address the energy-intensive nature of traditional blockchain systems, Chia introduces an eco-friendly approach through its unique Proof of Space and Time consensus. This method leverages unused disk space, making it more accessible and sustainable than its Proof of Work counterparts. Chia priorotises decentralisation and security, achieving this by ensuring that the network can maintain its integrity over time. As a result, Chia presents itself as an innovative alternative that not only reduces the environmental impact associated with blockchain technologies but also enhances scalability and accessibility for a broader audience.
Chia is a transformative cryptocurrency launched in 2017 by Bram Cohen, the renowned creator of BitTorrent. Designed to address the energy-intensive nature of traditional blockchain systems, Chia introduces an eco-friendly approach through its unique Proof of Space and Time consensus. This method leverages unused disk space, making it more accessible and sustainable than its Proof of Work counterparts. Chia priorotises decentralisation and security, achieving this by ensuring that the network can maintain its integrity over time. As a result, Chia presents itself as an innovative alternative that not only reduces the environmental impact associated with blockchain technologies but also enhances scalability and accessibility for a broader audience.
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