Cryptocurrency Q&A What is XCH used for?

What is XCH used for?

EmilyJohnson EmilyJohnson Sun Nov 10 2024 | 6 answers 1130
I would like to know the purpose of XCH. What can it be used for and what are its applications? What is XCH used for?

6 answers

Raffaele Raffaele Tue Nov 12 2024
Miners within the Chia network are rewarded with XCH for their contributions.

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MountFujiMysticalView MountFujiMysticalView Tue Nov 12 2024
These contributions involve dedicating hard drive space to support the network.

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BitcoinWarrior BitcoinWarrior Tue Nov 12 2024
XCH serves as the primary cryptocurrency within the Chia network.

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Stefano Stefano Tue Nov 12 2024
The Chia network operates on a proof-of-space and time consensus mechanism.

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Arianna Arianna Tue Nov 12 2024
As of May 2023, the total supply of XCH stands at 28.22 million coins.

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