What is Chia?

Chia is a new cryptocurrency that uses an innovative blockchain technology. It has been created in 2017 focusing on developing a new transaction platform that allows to improve the financial and payment systems at global level.

There are a lot of improvements in Chia, but the most important one is the algorithm to ensure the transaction chain: Proof of Space and Time (PoST) thought and developed by Bram Cohen (creator of BitTorrent) and the talented team behind Chia Networks.

One of the most important aspects of Chia technology is its respect for the environment and the ecology. It is already known that cryptocurrency energy consumption has already become a problem at mid term - not only for the economy, but also for the environment. Chia was born with the focus on being a low power sustainable alternative.

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