The live Chia price today is $78.65 USD with a 24-hour trading volume of $26,360,732 USD. We update our XCH to USD price in real-time. Chia is up 13.20% in the last 24 hours. The current CoinMarketCap ranking is #177, with a live market cap of $251,059,773 USD. It has a circulating supply of 3,191,987 XCH coins and the max. supply is not available.
XCH Price Live Data
An innovative consensus technique termed proof-of-space-and-time (PoST) is used by Chia Network (XCH), which is a layer 1 blockchain (PoST). Both of these allow the blockchain to consume less energy without sacrificing network security. Since it is a for-profit open source enterprise that intends to be listed on the New York Stock Exchange and the New York Stock Exchange, Chia Network stands out from most other blockchains. Chia Network intends to list XCH on its balance sheet in the event that its blockchain is used by businesses.
2020 will see the release of Chia Network’s first beta version of its blockchain proof-of-time function. With the launch of its mainnet in 2021, Chia Network was able to provide complete functionality, including wallet capabilities, transactions, and smart contracts.
Chia Network’s founders are:
There is a Chia Network (XCH) based in Delaware, founded in 2017 by BitTorrent’s creator, Bram Cohen. NASDAQ’s previous CEO Gene Hoffman serves as COO, and former Overstock.com CEO Mitch Edwards serves as CFO, and the project is led by an experienced senior management team (CFO).
Chia Network is also funded by a prestigious group of venture capitalists who are particularly interested in cryptocurrencies. Andreessen Horowitz, Slow Ventures, Naval Ravikant, Galaxy Digital, and other prominent VCs contributed $61 million to the round, which closed in May 2021.
Is Chia Network a one-of-a-kind network?
Chia Network (XCH) uses a consensus process that uses less electricity than proof-of-stake (PoS) and proof-of-work (PoW). Proof-of-space and proof-of-time are used in conjunction to obtain Nakamoto consensus on the network.
Miner’s hard discs must have unused storage space to employ proof-of-space. To overcome a challenge, miners utilise special software that allocates free space, much like the puzzles in proof-of-work mining (PoW). When a new block is created, the previous block’s challenge number is retrieved from the miner’s disc and used as a challenge number. In order to see if they have the challenge number, miners scan their numbers.
Solana (SOL) uses Verifiable Delay Functions to demonstrate the passage of time, while proof-of-time uses Verifiable Delay Functions to demonstrate the passage of time. The Timelords – nodes that document time – ensure that the proof-of-space functions are solved with the right documentation of time.
Chialisp, the programming language of the Chia Network, is also available. This is a smart contract-compatible on-chain programming language that borrows heavily from Ethereum (ETH), Solidity, and Bitcoin Core, while maintaining the UTXO paradigm of Bitcoin. Chia Network is a speedier and more energy-efficient blockchain compared to its competitors since it allows for simultaneous transactions instead of sequential ones.
Check out the high-speed blockchain Solana (SOL)!
The multichain future has another blockchain: Polkadot (DOT).
Avalanche, a layer 1 blockchain, is the subject of our in-depth investigation.
The CoinMarketCap blog is a great place to stay up to date on the latest crypto news and trade trends.
It’s curious to know how many Chia Network (XCH) coins are out there.
A total of 22,582,025″ XCH is currently in circulation. Chia’s development and management would not have been possible without the pre-production of 21 million XCH. In accordance with the Chia Network’s (XCH) whitepaper, farming incentives are based on this schedule:
For the first three years following launch, 64 chia will be generated every ten minutes.
The fourth through sixth years following launch will have the production of 32 chia being generated every 10 minutes.
In years seven through nine following launch, 16 chia will be formed every 10 minutes.
10-12 year olds will produce eight chia every ten minutes.
XCH will be generated every 10 minutes for the next 12 years, with the network controlling the majority of XCH and farming incentives only 21 years away from mainnet debut.
Chia’s network security is a major concern.
Chia Network (XCH) is managed by a standard corporate structure in addition to its unique technique of merging an adapted proof-of-work consensus mechanism with proof-of-time. There is no decentralised autonomous organisation (DAO) concept in favour of the standard joint-stock company model that is common in the cryptocurrency industry.
Since this strategy better aligns incentives, Chia Network plans to offer the company’s ownership on a stock exchange. As a result, ownership of currencies on the Chia blockchain has no effect on its governance, which differs from other public blockchain models.
Do You Know Where to Get Chia Network (XCH) Stock?
On Huobi, Gate.io, Uniswap V2, KuCoin and OKEx, Chia Network (XCH) is traded.
Social Chia Price Estimates
This feature is in beta testing. Place your estimates for next 6 months and see what other’s are thinking about it. Data displayed are based on user input compiled by CoinMarketCap. The cut-off for estimates for each month-end is on the 21st of each month.
|#||Source||Pairs||Price||+2% Depth||-2% Depth||Volume||Volume %||Confidence||Liquidity||Updated|
|26||Hotcoin Global||XCH/USDT||$78.18||$117.19||$358.37||** $12,205,061||0.00%||Low||1||Recently|