News and insights
News, releases, and insights straight from the team.
Chia Team
Following the release of our green paper and the launch of our Proof of Space competition Chia has received lots of positive attention from media outlets including Venture Beat and Yahoo Finance and the community at large. Decrypt Media (opens in a new tab), an independent website dedicated to cryptocurrency news, reached out to interview Bram Cohen, founder and CTO of Chia. They were interested in where Chia…
Chia Team
We’re excited to announce Chia’s Proof of Space competition. In Chia’s Proof of Space, rewards are given to farmers that can prove that they are allocating a portion of their disk space to farming Chia. In order to be used as a consensus method, Proof of Space is tied to Proof of Time. An open source implementation in C++ is available, that can be used as a starting point (opens in a new tab).
“We’re making sure that…
Chia Team
A few months ago we wrapped up our initial VDF implementation competition and were amazed by the excellent quality of the submissions. The top three contenders each came in at under one minute (the reference implementation was 169 seconds). Five other teams also submitted implementations which were faster than the reference. All of the submissions were open-source, and can be found here. The award…
Chia Team
Decentralized, digital currencies will soon evolve from being a futuristic concept to a mainstream reality. They’ll offer liquidity to those who live in countries with poorly run or corrupt central banks, and offer a universal currency for streamlined financial transfers. Currency not tied to the banking system is an idea whose time has come.
But like any new technology, digital coins bring new…
Chia Team
Thank you to everyone who participated in the first round of Chia Network’s Verifiable Delay Function (VDF) competition. The round concluded on January 3rd, 2019 with many excellent submissions from the participants. The quality of the entries exceeded our expectations, and we’re happy that the competition format proved successful. The teams used a variety of approaches, contributed to interesting…
Chia Team
June 6, 2025: This competition is complete and therefore the below has been updated to remove expired links. More information on the competition can be found here (opens in a new tab).
Chia Network recently launched a three month long competition to create faster implementations of our proofs of time and get a better handle on its security requirements. The Verifiable Delay Function Competition (VDF, aka proof of…
Chia Team
A recent podcast speculated quite a bit about the economics of Chia Network’s new proof of space and time consensus algorithm.
Let’s discuss the assertion that there are optimizations in storage technology allow for the creation of specialized Chia farming hardware that costs an order of magnitude less than commodity disks.
Even if it were possible to make such advantaged specialized hardware, it…
