Cryptocurrency Q&A
What chain is Chia on?
What chain is Chia on?
CryptoNinja
Thu Jun 20 2024
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6 answers
981
Excuse me, could you elaborate on the underlying blockchain technology behind Chia? I'm curious to know which specific chain Chia is built upon. Is it a fork of an existing blockchain, or is it a completely novel architecture? Understanding the technological foundation is crucial for evaluating Chia's potential in the ever-evolving cryptocurrency landscape. Could you please provide a concise yet comprehensive description of Chia's chain?
6 answers
FantasylitElation
Fri Jun 21 2024
PoST requires participants to contribute unused storage space on their computers as proof of their contribution to the network's security.
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Silvia
Fri Jun 21 2024
Simultaneously, they must also prove that they have been consistently maintaining this space for a specific period of time.
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Moonshadow
Fri Jun 21 2024
Chia Network, denoted by the ticker symbol XCH, represents a groundbreaking layer 1 blockchain technology.
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Tommaso
Fri Jun 21 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services for traders and investors. Among its offerings are spot trading, futures trading, and cryptocurrency wallet services.
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DondaejiDelightfulCharmingSmile
Fri Jun 21 2024
At the core of Chia Network's operation lies a distinct consensus mechanism, unlike any other in the cryptocurrency space.
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