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1. Project introduction
Chia Network is a blockchain that supports the creation and execution of smart contracts written in a custom-designed programming language called Chialisp. Chia was incorporated in August of 2017 to develop an improved blockchain and smart transaction platform, using a new consensus algorithm called Proof of Space and Time.
Proof of Space is a cryptographic technique where provers show that they allocate unused hard drive space for storage space. In order to be used as a consensus method, Proof of Space must be tied to Proof of Time. PoT ensures that block times have consistency in the time between them and increases the overall security of the blockchain.
Chialisp is Chia’s new smart transaction programming language that is powerful, easy to audit, and secure. Reference smart transactions currently available are: atomic swaps, authorized payees, recoverable wallets, multisig wallets, and rate-limited wallets.
2. Team introduction
Founder & CEO: Bram Cohen
Linkedin: https://www.linkedin.com/in/cohenbram/
COO: Gene Hoffman
Linkedin: https://www.linkedin.com/in/gehoffman/
CFO: Mitch Edwards
Linkedin: https://www.linkedin.com/in/mitchelledwards/
3. Investment institution
7 O'clock Capital, Alex Popa, AU21 Capital, BitValue Capital, Blockwall Management, a16z crypto, True ventures
4. Application
Total supply: 21 million
Chia Network's native token, XCH, will serve as the core incentive mechanism to support Nakamoto consensus. Like Bitcoin, XCH block rewards will theoretically ensure the network's economic security by aligning the interest of Chia "farmers" with what is best for the protocol. Block rewards are earned by farmers when completing Proof of Space and Time transactions for the network. XCH tokens are used for these payments as well as natively as transaction fees ("gas").
Investasi dalam aset kripto berisiko karena harga bisa naik dan turun. Sebelum membeli atau menjual, pikirkan tujuan, pengalaman, dan seberapa banyak risiko yang bisa kamu terima. Investasi bisa membuat kamu kehilangan sebagian atau semua asetmu. Ketahui juga risiko terkait dengan aset kripto dan minta bantuan penasihat finansial jika perlu. Ingat, selalu ada risiko tak terduga. Pertimbangkan situasi finansialmu sebelum membuat keputusan. Informasi di situs ini hanya untuk membantu, bukan saran investasi. Platform ini tidak bertanggung jawab atas kerugian yang mungkin kamu alami.
Harga aset kripto di platform hanya untuk referensi dari pihak ketiga, tidak ada jaminan. Berdagang di internet berisiko, termasuk masalah perangkat lunak atau keras. Platform tidak bertanggung jawab atas kerugian akibat masalah koneksi atau hal terkait lainnya.