What Is the Chia Network? A greener Bitcoin?

Chia is a smart transaction platform designed as an eco-friendly improvement on Bitcoin. Chia’s method of mining claims to be far more eco-friendly than Bitcoin’s Proof of Work, yet critics argue that this value proposition is hollow as there are already plenty of cryptocurrencies that don’t use Proof of Work and the proof method used by Chia has its own eco-unfriendly aspects. In addition to proof of space and time, Chia claims three other key innovations, which are: a more eco-friendly and decentralized farming process, a more reliable and simplified implementation practice, and the ability to support internal smart transaction functionality such as vaults and payment channels. In this video, we take a look into Chia’s background, unique elements, price history, and possible future - such as planned upgrades to functionality and hurdles they are facing. Trade Crypto on Phemex → ← Register now for a 7-day free Premium Membership Trial and other trading bonuses. Follow us o