About Chia Network

Founded in 2017 by the creator of BitTorrent, Chia was developed with the goal of creating a blockchain and smart contract platform that surpasses existing competitors. It aims to improve the global payments system in a more sustainable and secure manner. Chia is open-source, encouraging contributions from developers and the community in areas such as research, peer review, translation, and more. This flexibility makes it a highly adaptable blockchain, influenced by its user base. Chia employs a novel consensus mechanism called Proof of Space and Time. Proof of Space requires validators to demonstrate they have unused hard drive storage, which is used to store 'plots' containing cryptographic numbers used in the consensus. To ensure network security, Proof of Space is combined with Proof o...