Market Data & Token Stats
| Fully Diluted Valuation | $90.19M |
|---|---|
| 24H Trading Volume | $3.17M |
| 24H Low / High | $2.60 / $2.81 |
| Circulating Supply | 18.30M |
| Total Supply | 34.68M |
| Max Supply | ∞ |
Key Project Information
| Categories | DePIN 4 more |
|---|---|
| Founder | Bram Cohen |
| Website | chia.net Whitepaper |
| Socials | 3 more |
| Explorer | Spacescan |
OGAudit Security Evaluation & Social Audit Metrics
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Chia (xch) Expert User Reviews
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$xch Markets
| Name | Pair | OG Score |
|---|
About Chia
Chia Network emerges as a formidable player in the blockchain realm, spearheading innovations that challenge conventional blockchain norms. Founded in 2017 by Bram Cohen, the creator of BitTorrent, Chia seeks to revolutionize blockchain technology with a novel approach to consensus and smart contract execution. At its core lies Chialisp, a custom-designed programming language, providing an on-chain environment for developers to craft applications tailored to their needs. Unlike typical blockchains, Chia operates on a unique consensus mechanism called Proof of Space and Time (PoST), combining Proof of Space (PoS) and Proof of Time (PoT) to reduce energy consumption without compromising security.
What sets Chia apart is its distinctive approach to consensus and environmental sustainability. Miners participating in Chia's network validate transactions by proving their available hard drive storage through the Proof of Space mechanism. Additionally, Proof of Time ensures the uniform production of blocks, verified by specialized nodes called "timelords," showcasing the passage of time using Verifiable Delay Functions. This hybrid mechanism, reminiscent of Solana's blockchain, underpins Chia's energy-efficient and secure network, offering an alternative to power-intensive proof-of-work systems.
Notably, Chia's ecosystem extends beyond its native token, XCH, as it introduces Chia Asset Tokens (CATs), enabling the creation and trading of various assets directly on the blockchain. These tokens, including stable coins and voting shares, open avenues for diverse applications across sectors like finance, governance and asset digitization. Moreover, Chia's vision encompasses enterprise-grade utilization, positioning itself to be listed on traditional stock exchanges, a departure from the typical decentralized governance models found in many blockchain networks.
Chia's commitment to widespread adoption aligns with three fundamental principles: prioritizing security through decentralization, ensuring global regulatory compliance and envisioning a brighter financial future by unlocking global financial access through superior blockchain technology. With its unique consensus mechanism, innovative programming language and commitment to scalability and sustainability, Chia Network stands poised to carve a distinctive path in the evolving landscape of blockchain technology.
What is unique about Chia (XCH)?
Chia pioneers a novel consensus mechanism, Proof of Space and Time (PoST), reducing energy use while ensuring security. It introduces Chialisp, a custom programming language for tailored on-chain applications.
Who are the founders of Chia (XCH)?
Chia was founded in 2017 by Bram Cohen, renowned as the creator of BitTorrent.
Who are the backers/investors of Chia (XCH)?
Specific investors and backers may vary; however, the project has garnered attention and support from various individuals and organizations (Andreessen Horowitz (a16z), Slow Ventures, IDEO CoLab Ventures, DHVC, Greylock Partners, OP Crypto, 7 O'Clock Capital, Panda Capital, Richmond Global Ventures…) within the blockchain space.
What is the consensus mechanism of Chia (XCH)?
Chia operates on a unique Proof of Space and Time (PoST) consensus mechanism, blending Proof of Space (PoS) and Proof of Time (PoT) for transaction validation, reducing energy consumption.
Where can I buy Chia (XCH)?
You can buy Chia (XCH) on OKX, Gate.ioMEXCKuCoinHTX cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Chia Official Website, Chia Whitepaper, Chia GitHub Repository and Chia X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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