About – Chia Network

Blockchain: The Way It Should Be

Created by Bram Cohen, the inventor of BitTorrent, the underlying open-source, public Chia blockchain provides the secure and regulatory-compliant infrastructure for Chia Network technology. Our proprietary consensus mechanism Proof of Space Time (PoST) drastically reduces energy requirements of Proof of Work based blockchains like Bitcoin.

Farming Basics

Security-First and Scalable Technology

The Chia blockchain remains one of the most decentralized networks in the world, providing increased security and fortifying the network, our products, and customers against attacks and manipulation.

Regulatory Compliance From Blockchain to Product

In order to deliver on the promise of the next-generation blockchain technology, we believe that we must be regulatory compliant globally. We let our securities be securities and our commodities be commodities, with the view that both the SEC and the CFTC have a place in regulating our activities.

We intend to become a public reporting company.

Our Native Currency (XCH) Is Compliant

We recognize that compliance with financial regulations is the only way to build a blockchain that the world can trust and rely on. Unlike much of the industry, we don’t believe the Howey test is difficult to apply and are confident that XCH doesn’t constitute a security under Howey.

Learn About XCH

Secure like PoW, Green like PoS

Proof of Space Time (PoST) remains the first new Nakamoto Consensus since Bitcoin’s in 2009.

Proof of Time increases the overall security of the blockchain by increasing the attack resistance of our consensus to 51% in most cases. Proof of Space significantly reduces the carbon footprint of any application on our blockchain. Together, they are revolutionary.

Transforming Blockchain Means Transforming Language

Built with security and auditability top of mind, Chialisp is our native programming language.

It’s designed to be as simple and efficient as possible, but still provide broad functionality.

Explore Chialisp

Backed by the Best

Andreessen Horowitz (a16z), Richmond Global Ventures, Slow Ventures, True Ventures, Greylock, DCM, and more. We raised this funding by selling preferred stock, the tried-and-true method of Silicon Valley VC-backed startups on their way to becoming public.