Bitcoin, like other cryptocurrencies running on the Proof-of-Work (PoW) algorithm, uses quite a lot of electricity.īut Chia Network works on the Proof-of-Space-and-Time algorithm, uses disk space as a transaction validator, and in comparison, uses less electricity. "The project was obviously doomed to failure and was created for a hype - to raise money from the tenants of the facilities and distribute free tokens for the company in return, which were actually thrown into the market for free-floating," some analysts sayīut still, the main trump card of Chia Network, which may well lead to the final collapse of Bitcoin, is ecology. Due to the speed of information dissemination and the lack of an optimal data compression algorithm, the idea of distributed information storage is greatly inferior to existing data centers. The problem with the idea of Chia Network itself is the relative uselessness of the project in today's realities. Are There Any Prospects For Chia Network? "Green bitcoin", as chia is called, aims to become a digital currency easier to use than cash and, according to the founders, will be able to improve financial and payment systems around the world.Ĭhia is a cryptocurrency that uses information-free areas on the hard disk or SSD of your equipment, while its computing power does not matter. For example, Bitcoin uses the same amount of electricity per year as the Netherlands, and Ethereum spends electricity on a par with Peru. “Green Bitcoin”Įxisting digital currencies have a problem: they use a huge amount of electricity and thus generate a large number of carbon emissions. Chia Network price prediction will surprise you. We have heard something about a damaged phone, so now and then there is news on the Internet that turns out to be misunderstood or deliberately distorted.Ĭhia Network is one of the new players in the cryptocurrency market, which positions itself as an environmentally friendly alternative to other popular cryptocurrencies. It is quite possible that this is part of our fault because the Internet loves loud headlines, and loud headlines generate rumors. Suddenly, an altcoin, which no one knew about, suddenly appeared on the ears of the entire community. For a long time, she did not attract the attention of the miners' community at all and seemed to be an outright outsider. All-time low: $153.22 What is Chia Token?īack in 2018, the Chia Network was born.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |