The ChiaNetworkToken platform was registered in August 2017 to develop an improved blockchain and smart transaction platform. Developers are building the Chia network to improve global financial and payment systems.
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About ChiaNetworkToken
ChiaNetworkToken will be the first enterprise-grade digital money. Chia uses the first new Nakamoto consensus algorithm since Bitcoin. Called “Proof of Space and Time”, it was created by Bram Cohen, top network protocol engineer and inventor of BitTorrent.
The following reference smart transactions are currently available: atomic swaps, authorized recipients, recoverable wallets, multi-signature wallets and rate-capped wallets.
Advantages:
| 1 | Chia will increase transparency by providing detailed real-time logs of all transactions. The platform will be as transparent as possible while remaining competitive. |
| 2 | Smart Chain's low transaction fees make transactions easy for everyone. |
| 3 | Profit (dividends) are credited to your account daily and in real time. You can withdraw dividends at any time. |
You can grow Chia in unused storage space for your mobile phone, laptop or corporate network, and in return, you have the chance to receive chia rewards for helping to secure the blockchain. The software will allow you to allocate a certain amount of unused disk space for graphing.
By making the growing process available to anyone with wasted disk space, we are moving closer to our goal of a truly decentralized blockchain that will also cross-subsidize the storage and cloud computing industries. Farming will be the only way to get chia / XCH until it hits digital money exchanges.
Additional information
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The smart contract does not have an audit.