What is Chia crypto and how does it work?

1 answers

• Nov 27, 2021 · 3 years ago
  Chia crypto is a fascinating digital currency that operates on a unique blockchain network. Unlike traditional cryptocurrencies, Chia utilizes unused hard drive space to secure the network and validate transactions. This approach is more environmentally friendly and energy-efficient. Chia crypto works by allowing users to contribute their unused storage space to the network, which is then used for the consensus algorithm called Proof of Space and Time. This algorithm ensures the security and integrity of the Chia blockchain. The more storage space a user contributes, the higher their chances of earning Chia coins. Transactions on the Chia network are recorded on a public ledger, providing transparency and security to all participants.
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