Search result of XCH

Discover why the Chia blockchain powering XCH is called the “green Bitcoin.” With its energy efficiency, high performance, and decentralized design, XCH is reshaping the future of digital currency.

Chia (XCH) is a digital currency that employs a “proof of space” mechanism for mining, which is considered to be more eco-friendly than proof of work.

Chia Network is a Layer 1 blockchain that uses the Proof of Space and Time (PoST) consensus mechanism. It secures the network through hard drive storage space and Verifiable Delay Functions (VDFs), rather than relying on GPU or ASIC computing power. Chia’s core mechanisms include Plotting, Farming, Timelords, and the Chialisp smart contract system. Its ecosystem has expanded into asset tokenization, NFTs, digital identity, and enterprise grade financial infrastructure.

Chia and Bitcoin are both blockchain systems based on the longest chain rule, but Bitcoin uses Proof of Work (PoW) to produce blocks through computing power competition, while Chia uses Proof of Space and Time (PoST) to reach network consensus through hard drive storage space and time proofs. The two differ significantly in energy consumption, hardware structure, security model, token issuance, and decentralization path.

The9 Limited has unveiled its Web3 gaming platform, The9bit, with plans to build a "Web3 version of Steam" that merges tokenomics, user-generated content, and esports ecosystems. This article reviews The9's strategic transition from crypto mining to gaming, and examines the platform's mechanisms, token architecture, and prospective business models.

This article will select a few mainstream storage projects, review their recent progress, and explore the potential factors behind the rise of storage-related tokens.

Proof of Space and Time (PoST) is a blockchain consensus mechanism that combines proof of storage space with proof of time. It was introduced by Chia Network and is used in its Layer 1 network. Unlike Proof of Work, which relies on continuous competition in computing power, PoST uses hard drive storage space to generate Proofs and relies on Verifiable Delay Functions (VDFs) to ensure that blocks are produced in real chronological order.

Ramblings and insights on how and why memecoins offer fairer launches compared to VC-backed governance tokens and TradFi — Lessons for founders. Our goal is neither to defend nor to diminish memecoins (or governance tokens); it’s simply to advocate for fairer token launches.