
The live price of Chia Network is $1.40, with a total trading volume of $ 34,710 in the last 24 hours. The price of Chia Network changed by +3.23% in the past day, and its USD value has decreased by -4.74% over the last week. With a circulating supply of 14,411,726 xch, the market cap of Chia Network is currently 20.27M USD, marking a +3.23% increase today. Chia Network currently ranks #656 in market cap.
Founded by Bram Cohen, the inventor of the BitTorrent network, Chia Network is building a better blockchain and smart transaction platform which is more decentralized, more efficient, and more secure.
Chialisp is Chia’s new smart transaction programming language that is powerful, easy to audit, and secure. The blockchain is powered by the first new Nakamoto style consensus algorithm since Bitcoin launched in 2008. Proofs of Space and Time replace energy intensive “proofs of work” by utilizing unused disk space.
Chia Network supports the development and deployment of the Chia blockchain globally. Chia Network supports chia developers and supports the enterprise use of chia with software support and chia lending.
Chia Network was founded by the creator of BitTorrent, Bram Cohen. It also includes executive leadership from the former founder and CEO of eMusic.com and Vindicia, Gene Hoffman and the former acting-CEO of Overstock.com, Mitch Edwards. The Chia blockchain has an active open source developer community with many contributions to the codebase. Many individuals contribute towards the Chia blockchain in areas which include research, peer reviews, development, testing, documentation, and translation.