The layer 1 blockchain utilizes its own programming language, Chialisp, and a consensus mechanism called proof-of-space-and-time. The company's public, for-profit, open-source blockchain is aimed at enterprise use, and there are plans to have XCH on its balance sheet in case of a listing. Its proof-of-time function was launched in 2019, and the beta version of its blockchain was launched in 2020. The network achieved complete functionality, including wallet, transactions, and smart contracts, alongside its mainnet launch in 2021.
Chia Network (XCH) enhances the PoS and PoW through the utilization of a lower electricity-intensive consensus mechanism. Chia network achieves Nakamoto consensus through the combination of proof-of-space (PoS) and proof-of-time, (PoT) both of which function in different manners. With PoS, miners keep unutilized storage on their hard disk drives. They install software that allocates space, which is utilized in solving a challenge, which is identical to puzzle-solving in PoW.
The software keeps a collection of cryptographic numbers on the disk, and following block creation, a challenge number from the former block is taken. Users are able to scan their numbers to find out if they possess a number near the required challenge number. Proof-of-time portrays the passage of time via Verifiable Delay Functions, similar to Solana (SOL). The Timelords, which are the nodes that document time, make sure that time is accurately documented for solving the proof-of-space features.
Chia Network plans to release NFTs for different reasons, like the inaugural Chia Friends collection. NFTs minted by the Network will utilize the official DID. Chia Network stems from the founder's “green” concept. Farming was the chosen metaphor for filling disk space and monitoring it for winning sprouts. This led to the choosing of a grain with the network's properties, and Chia was chosen by the team.
验证 0%
注意。未经证实的成员实际上可能不是团队成员
Advantages.
1. Project that is lead by Bram Cohen who invented BitTorrent
2. It is a great purpose project to replace Bitcoin. The aim is to construct an eco-friendly and decentralized ecosystem using the Proof of space.
3. Backed by strong institutional investors based in Silicon Valley.
A complementary point
1. It is questionable whether an individual can participate in ICO.
2. It is doubtful whether CHIA can overcome human selfishness, existing mining forces and overcome Bitcoin.
Fierce competition from other blockchains with better characteristics
Burstcoin is vulnerable to attacks just in theory, but has never faced up to them in fact. It is not clear how Proof-of-Time will turn a competitive edge on Burstcoin. Proof-of-Space blockchains have their community but are not widely used.
No code is written now. Chia criticizes Bitcoin for being eco-harmful – this critics is questionable. Technically coins are pre-mined and initially retain ownership of 100 percent of the coins, using the mini-IPO to foster a community of investors. The team is planning on issuing a dividend of Chia to shareholders in advance of the network launch. The team approved that it is given Regulation A+ status allowing officially to conduct mini-IPO not exceeding 50M USD. Chia will use an auction where investors choose how much they’ll bid for how many shares.
150M USD of Hardcap seems to be overestimated. Token pool capitalization is impossible to be evaluated. Financial metrics are unclear. Dividend policy and capital distribution are unclear
此优惠仅基于要约人提供的信息及其他公开信息。令牌销售或交换活动与ICO持有人完全无关,ICO持有人不参与(包括任何技术支持或促销)。仅显示ICO持有人无关的人员列出的令牌销售仅用于帮助客户跟踪总体令牌部门内发生的活动。这些信息并不意味着相当于您应该依赖的建议。在采取或不采取任何行动之前,您必须获得专业或专家的建议或进行自己的尽职调查。贡献者就收购令牌所订立的任何条款及条件属于其之间,而令牌及ICO持有人的发行人并非该等令牌的卖方。对于任何代币销售而言,ICOholder对第三方所作的任何陈述不承担任何法律责任,并且还必须直接针对此处列出的代币发行实体提出任何违反合同的请求。
如果您有任何疑问关于此令牌销售的性质,合法性或合法性或相关人员,请联系info@icoholder.com,了解有关您的疑虑的详细信息。