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Chia Network (blockchain)

Chia Network (blockchain)

Chia Network is a decentralized peer-to-peer blockchain protocol relying on proof of space and proof of time concepts for achieving consensus.

Chia Network is a decentralized peer-to-peer blockchain protocol relying on proof of space time concepts for achieving consensus. The Chia Network protocol is being developed by a team led by Bram Cohen, the creator of BitTorrent. Chia network utilizes a blockchain in which the network is secured by individuals called farmers (as opposed to the "Miner" terminology commonly used among other cryptocurrencies) who generate Chia Network monetary rewards through allocation of memory of disk space.

In order to help secure the network, including protection against attackers trying to replay the entire history of the blockchain, Chia Network also utilizes Proofs of Space. These proofs are intended to ensure that a certain amount of time has passed between the addition of each block in the blockchain, making it difficult to create a longer blockchain than the rest of the network in a shorter amount of time.

Timeline

June 6, 2021
Chia Network raises a $61,000,000 series D round from Andreessen Horowitz, Breyer Capital, Collab+Currency, DHVC, Richmond Global Ventures, Slow Ventures and True Ventures.
May 24, 2021
Chia Network raises a $61,000,000 series D round.

Funding rounds

People

Name
Role
LinkedIn

Bram Cohen

Krzysztof Pietrzak

Ryan Singer

Further reading

Title
Author
Link
Type
Date

Altcoin Created by BitTorrent’s Cohen To Combat “Bitcoin Flaws”

William Suberg

BitTorrent Creator’s Chia Could ‘Fix’ Bitcoin With Own Altcoin By Late 2018

William Suberg

BitTorrent inventor announces eco-friendly bitcoin competitor Chia

Josh Constine

Simple Proofs of Sequential Work

Bram Cohen and Krzysztof Pietrzak

Academic paper

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
FinSMEs
June 7, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Integrated Ventures Inc.
May 26, 2021
www.prnewswire.com:443
/PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to announce a purchase order with NGD Systems, Inc, for custom designed Chia 2U...
Will Daniel
May 25, 2021
markets.businessinsider.com
Chia Network raised $61 million in its latest funding round from investors including Andreessen Horowitz and Naval Ravikant.
Will Daniel
May 25, 2021
Business Insider
Chia Network raised $61 million in its latest funding round from investors including Andreessen Horowitz and Naval Ravikant.
Will Daniel
May 1, 2021
markets.businessinsider.com
Chia was designed by the inventor of BitTorrent, Bram Cohen, and is backed by investors like Naval Ravikant and Andreessen Horowitz.

References

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