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.
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.
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.
How does Chia work?
Proof of space can be thought of as a way to prove that you are keeping some storage unused on your hard disk drive. Users of the Chia blockchain will “seed” unused space on their hard disk drive by installing software that stores a collection of cryptographic numbers on the disk into “plots.”
These users are called “farmers.” When the blockchain broadcasts a challenge for the next block, farmers can scan their plots to see if they have the hash that is closest to the challenge. A farmer’s probability of winning a block is the percentage of the total space that a farmer has compared to the entire network.
The strategy of Chia Network?
The Chia Network business will be the first for-profit company that manages a pre-farm and we intend to be the first publicly tradable “near ETF” cryptocurrency. We believe that – as Redhat and MySQL AB were necessary to drive corporate adoption of Linux and MySQL – we will be the source for support and training as sovereigns, financial institutions, and corporations look to use cryptocurrency daily commerce.
What is Chialisp?
Chia has a newly developed, innovative blockchain programming language called Chialisp, which is powerful, easy to audit, and secure. Chialisp is a superior on-chain smart transaction development environment that will unlock the security, transparency, and ease of use that cryptocurrencies promise.
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