Chia Network

Chia Network

Chia Network develops a blockchain and smart transaction platform based on storage-based mining. Unlike other cryptocurrencies such as bitcoin or ethereum which rely on proof of work to validate their network transactions, Chia is based on a proof of space-time consensus algorithm. In this case, a Chia farmer (akin to a miner) is responsible for sending a proof to a verifier of a transaction. In the case of Chia, solid-state drives (SSD) or hard-drive disks (HDD) are used to store the data. A better blockchain and smart transaction platform which is more decentralized, more efficient, and more secure.

Total funding
~$71M
HQ 🇺🇸
San Francisco, United States
Year founded
2017
Status
Alive
People
Bram Cohen
Founder, Chief Executive Officer
Gene Hoffman
President, Chief Operating Officer
Mitch Edwards
Chief Financial Officer
Investors
Andreessen Horowitz
True Ventures
Naval Ravikant
Collab+Currency
Slow Ventures
Breyer Capital
DHVC
Cygni
Paycheck Protection Program
Greylock Partners
Categories
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