Chia, the crypto
Chia (XCH) is a decentralized blockchain network and cryptocurrency that was founded in 2018 by Bram Cohen, the creator of the BitTorrent protocol.
The main point of Chia (XCH) is to create a more eco-friendly and sustainable cryptocurrency. It uses a new consensus algorithm called Proof of Space and Time, which allows miners to use their hard drive space to validate transactions, rather than relying solely on computational power like other cryptocurrencies.
Chia (XCH) tries to solve the problem of the high energy consumption and environmental impact of traditional cryptocurrencies, such as Bitcoin, which rely on the energy-intensive Proof of Work consensus algorithm. By using Proof of Space and Time, Chia (XCH) aims to reduce energy consumption and make cryptocurrency mining more accessible to everyday users with consumer-grade hardware.
We used an AI to answer three questions about XCH, so take this info with a grain of salt.