Chia Networks Launches 'chia' - An Energy Efficient Bitcoin Alternative
May 3, 2021 08:31 EDT Chia Network Inc, an energy-efficient blockchain network aiming to overcome the drawbacks of traditional cryptocurrency platforms such as Bitcoin and Ethereum has announced its native digital currency chia today. The announcement was widely expected after reports surfaced last week for a Monday launch. Through chia, Chia will reward 'farmers' (analogous to miners) with coins in return for providing their storage disks for financial transactions. The process stands in sharp contrast to Bitcoin mining, which uses Graphics Processing Units (GPUs) for mining, with chia ...
Source: wccftech.com