What is Chia ?

Chialisp is Chia’s new on chain programming language that is powerful, easy to audit, and secure. It will make cryptocurrency easier to use than cash

Source : chia.net

Chia is a cryptocurrency where mining is based on the amount of hard disk storage space devoted to it rather than processing power, as with Proof of Work cryptocurrencies such as Bitcoin. The platform was created by a company called Chia Network, which saw a valuation of $500 million in a recent investment round, and claims to be aiming for an IPO before the end of 2021 Wikipedia

Chia Blockchain is a new cryptocurrency that uses Proof of Space and Time. Instead of using expensive hardware that consumes exorbitant amounts of electricity to mine cryptos, it leverages existing empty hard disk space on your computer(s) to farm cryptos with minimal resources, such as electricity.

There is a lot of enthusiasm around Chia Blockchain because it was created by Bram Cohen, who is one of the founders of BitTorrent and the creator of the torrenting concept. BitTorrent is considered as one of the most brilliant technology innovations in last two decades.

Source : chiadecentral.com

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