BitTorrent inventor announces eco-friendly bitcoin competitor Chia

chia
bramcohen
bittorrent
proofsoftime
proofofwork

#1

TL;DR:

BitTorrent founder Bram Cohen announces Chia Network: a new company that will establish cryptocurrency Chia; will rely on proofs of time and storage rather than the proof-of-work method Bitcoin uses; a single Bitcoin transaction uses enough electricity to power a home for one week; electricity requirements also limit mining opportunities.


#2

I remember seeing this a month ago and thought it was strange a bigger deal wasn’t made b/c of Bram Cohen.


#3

Just based on who he is and a tiny TC pump this might be a worthy coin to consider for the pump


#4

Signed up to their announcements group, might throw some g’s at it for ICO pump fun


#5

Yeah. One would be wise to at least dip their feet with Bram.


#6

To follow up on this, the FAQ for Chia is super, super interesting. They apply similar concepts from Filecoin. https://chia.net/faq/index.html


#7

chia private investment opportunity has been setup on galaxy investment telegram channel please start whitelisting/kyc if you are interested in investing