Founded by legendary programmer Bram Cohen, Chia Network validates its blockchain with the help of cheap and redundant unused hard drive storage. CHIA relies on file storage space for verification, and combining this with proof-of-time removes concerns about mass attacks.
Chia was established in August 2017 to develop an improved blockchain and smart trading platform. We are building the Chia network to improve global financial and payment systems. Chia will be an enterprise-grade digital currency. Chia is using the first new blockchain consensus algorithm since Bitcoin. It's called "Proof of Spacetime," and it was created by Bram Cohen, the best network protocol engineer in service, the inventor of BitTorrent. Chialisp is Chia's new Expert Advisor programming language that is powerful, auditable and secure. Currently available reference smart transactions include: Atomic Swap, Authorized Payee, Recoverable Wallet, Multi-Signature Wallet, and Limit Wallet.
Chialisp is Chia's new Expert Advisor programming language, powerful, auditable and secure. Since Bitcoin was launched in 2008, the blockchain has been powered by a new Nakamoto-style consensus algorithm. Proof of Space and Time replaces energy-consuming "Proof of Work" by utilizing unused disk space.
Chia Network broadly supports the development and deployment of the Chia blockchain. Chia Network supports chia developers and supports enterprise use of chia through software support and chia loans.
Chia will pre-mine 21 million Chia at the launch of the network to help stabilize and develop the Chia economy through Chia's novel lending Chia's business plan.
