Chris To Chia Networks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It seems these days you can t mention
anything to do with cryptocurrency without someone jumping in and insisting that cryptocurrency is a disaster for the environment. There are differing opinions on all of this, but a few years ago, BitTorrent creator Bram Cohen set out to build a more eco friendly cryptocurrency called Chia. The basic idea was that, rather than using a proof-of-work system which involves using up a ridiculous amount of computing power, it would use a proof-of-space system, looking at how much hard drive space you re allocating. After many years of development, Chiacoin finally launched a few weeks ago. And, to pretty much prove the old axiom that there s no such thing as a free lunch, while it may not be directly wasting CPU cycles, it s impacted the world differently: by destroying the global hard disc supply chain, driving prices for hard disks through the roof leading people to point out that even if it s not wasting electricity like Bitcoin, it m ....

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