Say hello to Chia (XCH)
Freshly launched in May 2021, Chia is one of the world’s leading eco-friendly alternative coins on the market. Rather than being powered like traditional cryptocurrencies that require expensive single-use hardware with incredible amounts of electricity, Chia Coin offers a fair, eco-friendly, and solid foundation for an even stronger blockchain for the future.
More possibilities, less energy
As a native token from the Chia Network, Chia lives through a fresh consensus algorithm called Proof of Space and Time – a powerfully sustainable alternative to the Proof of Work algorithm that Bitcoin, Litecoin, Monero, and other large-cap cryptocurrencies use. With this new algorithm, miners are rewarded for how much unused disc space they make available – rather than the intense amount of energy they are able to use up. Traditional mining has transformed itself into an energy pump, sometimes causing blackouts in hubs like Iran and China.
Chia Then, Now, and Tomorrow
Chia Network was incorporated in the State of Delaware in August 2017 and founded by Bram Cohen, the inventor of the BitTorrent network. Since its inception, the company has focused primarily on developing Chia Network's blockchain.
The network hit another major milestone. It enabled the possibility for “smart coin” transactions with the release of their green digital currency, Chia (XCH), alongside their programming language Chialisp.
Investors have put more than $54 billion into the Chia token in the past 24 hours. That rivals Bitcoin’s $72 billion volume and beats Ether’s $44 billion and Dogecoin’s $22 billion during the same period.
The funding round was backed by marquee names like a16z (Andreessen Horowitz), Richmond Global Ventures, Breyer Capital, Slow Ventures, True Ventures, Cygni Capital, Naval Ravikant, Collab+Currency, and DHVC.
Bloomberg and Coindesk reports Chia now has a valuation of $500 Million.
Bloomberg reports that Chia is greener, more secure than Bitcoin and Ethereum.
Chia Network has added five executives across multiple divisions, including sales, product development and professional services, and has nearly doubled its workforce since closing its last venture round in early May.
Appointment further boosts the green, decentralized cryptocurrency’s bench of top advisors
Future support on major exchanges is planned.
Following Chia’s $500M valuation, Chia is planning to go public via an Initial Public Offering or SPAC merger in the near future, according to reports. If Chia does go public, it would be the first major cryptocurrency issuer to be publicly traded in the U.S.
Digital Coin Price, forecast Chia will exceed $2,700 in 2025. Coinspeaker reports that forecasters predict a bullish cycle for Chia coin prices. Long-term predictions project prices of $4,453.27 by the end of 2025 and $5,084.41 by around mid-2026. Moneymorning.com reports a 313% rise by 2025.
Yes, better than Bitcoin
Chia is proving itself to be stronger than Bitcoin and promises to solve the blue-chip rival’s biggest flaws. With Chia consuming significantly less energy than Bitcoin and other traditional cryptocurrencies, Chia is the pioneer eco-friendly coin paving the industry’s new environmentally conscious future.
The time to invest is NOW.
Like real estate, the best time to invest was 10 years ago. The second best time to invest is now. The world of cryptocurrencies is constantly evolving. We believe we’re driving the way forward into the new crypto revolution.