Tag: Cryptocurrency technology

Chia: The Green and Decentralized Cryptocurrency of the Future

Chia: The Green and Decentralized Cryptocurrency of the Future

Chia is a relatively new cryptocurrency that has gained a lot of attention in the last year. Founded in 2017 by Bram Cohen, the creator of the BitTorrent protocol, Chia aims to offer a more environmentally friendly and decentralized alternative to Bitcoin. Chia is unique in that it uses a different consensus algorithm than Bitcoin. Instead of the energy-intensive Proof of Work (PoW) algorithm used by Bitcoin, Chia uses a Proof of Space and Time (PoST) algorithm. This means that instead of using computational power to solve complex mathematical equations, Chia miners use unused storage space on their hard drives

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