Chia Network (XCH) price

Chia was incorporated in August of 2017 to develop an improved blockchain and smart transaction platform. They are building the Chia Network to improve the global financial and payments systems. Chia is the first enterprise-grade digital money. Chia is using the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, it was created by Bram Cohen, the best network protocol engineer alive and the inventor of BitTorrent. 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.

Chia Network belief that the blockchain industry is still led by developers. They intend to be the superior chain for deploying new applications and services as well as being the only serious and secure choice for applications like sovereign backed stable coins. The Chia Network business will be the first for profit company that manages a pre-farm and we intend to be the first publicly tradable “near ETF” cryptocurrency. They believe that - as Redhat and MySQL AB were necessary to drive corporate adoption of linux and mysql - they will be the source for support and training as sovereigns, financial institutions, and corporations look to use cryptocurrency in daily commerce. They believe that they will be able to leverage the storage ecosystem to drive adoption at corporations and end users as harddrive manufacturers and storage server sellers are likely to bundle space farming into their offerings.