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Chia

Chia

XCH
#501
$1.3786Down 6.69 percent($0.10)

Key Stats

Market Cap$20.16MDown 6.69 percent
Volume (24h)$860.58K
Fully Diluted Value$45.49M
Vol/Mkt Cap (24h)4.27%
Total Supply33.00M XCH
Max Supply∞
Circulating Supply14.62M XCH
Launch Date2021-03-19
Block Number6,949,438

Chia Information

Websites
www.chia.netWhitepaper
Block Explorers
xchscan.com
Industries
Payment

Chia Price Converter

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Chia Markets

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InstrumentExchangeBenchmark DataPrice24h Change
ChiaUSDT logo
XCH-USDT
XCH-USDT
okex logookex
A
1.38USDT
-6.31%
ChiaUSDT logo
XCH-USDT
XCH_USDT
gateio logogateio
A
1.38USDT
-6.58%
ChiaUSDT logo
XCH-USDT
XCH-USDT
kucoin logokucoin
BB
1.38USDT
-7.21%
ChiaUSD logo
XCH-USD
XCH_USD
cryptodotcom logocryptodotcom
AA
1.40USD
-6.42%
ChiaUSD logo
XCH-USD
XCH-USD
okex logookex
A
1.41USD
-5.89%

About Chia

Chia (XCH) is a cryptocurrency developed by Chia Network Inc. that uses a “proof of space and time” (PoST) consensus mechanism. The native token, XCH, is used to reward “farmers” who allocate unused disk space to secure the network. Chia aims to reduce the environmental impact of crypto farming and mining. XCH is used as a reward mechanism, for transaction fees, and as a digital medium of exchange. Chia was created by Chia Network Inc., co-founded in 2017 by Bram Cohen, the inventor of BitTorrent.

Frequently Asked Questions

Chia (XCH) is a novel cryptocurrency developed by Chia Network Inc. It diverges from traditional cryptocurrencies in its consensus mechanism, leveraging a method termed "proof of space and time" (PoST) as opposed to more commonly used "proof of work" (PoW) or "proof of stake" (PoS) mechanisms.

The Token The native token of Chia's blockchain, XCH, is a digital asset designed to be used within the Chia ecosystem. It's the compensation for participants, known as "farmers", who help in securing the network by allocating their unused disk space for network use. Farmers are rewarded with XCH tokens in return for their contributions to the network.

The Project The Chia project presents itself as a more energy-efficient solution to the traditionally power-consuming "proof of work" mechanism used in many cryptocurrencies. By utilizing disk space in the "proof of space and time" consensus mechanism, Chia aims to reduce the environmental impact often associated with crypto farming and mining.

Chia (XCH) has multiple use cases within its network. Primarily, it's used as a reward mechanism for farmers who contribute their unused disk space to the network. Additionally, XCH tokens can be used for transaction fees on the network and also serve as a digital medium of exchange, similar to other cryptocurrencies.

Chia was created by Chia Network Inc., an American technology company based in California. The company was co-founded in 2017 by Bram Cohen, known as the inventor of BitTorrent, a popular peer-to-peer file sharing protocol.