The Chia Network was founded by legendary programmer Bram Cohen, and can verify its blockchain with cheap and redundant unused hard drive storage. CHIA relies on file storage space for verification, and then combines it with proof of time to eliminate the concerns of a large number of attacks.

Project Introduction

Chia was founded in August 2017 to develop improved blockchain and smart trading platforms. We are building the Chia network to improve global financial and payment systems. Chia will be an enterprise-level digital currency. Chia is using the first new blockchain consensus algorithm since Bitcoin. It is called "Spatial Proof of Time", and it was created by Bram Cohen, the best network protocol engineer in service and the inventor of BitTorrent. Chialisp is Chia's new intelligent transaction programming language, powerful, easy to audit and safe. Currently available reference smart transactions include: atomic swaps, authorized payees, recovery wallets, multi-signature wallets and price limit wallets.

Chialisp is Chia's new intelligent transaction programming language, powerful, easy to audit and safe. Since Bitcoin was launched in 2008, the blockchain is powered by the new Nakamoto style consensus algorithm. Proof of space and time replaces the energy-consuming "proof of work" by leveraging unused disk space.

Chia Network widely supports the development and deployment of Chia blockchain. Chia Network supports chia developers and supports businesses' use of chia through software support and chia loans.

Chia will pre-mine 21 million Chia at the time of network startup, helping to stabilize and develop the Chia economy through Chia's novel lending Chia's business plan.

Chia Coin Mining Half Plan

64 chia: In the first three years after the mainnet is started, it will be generated every 10 minutes.
32 chia: From the fourth to sixth years after the main network is launched, every ten minutes will be generated
16 chia: From the 7th to the 9th year after the mainnet is launched, production will be carried out every 10 minutes
8   chia: During the 10th to 12th years, every 10 minutes will be generated
4  chia: After the twelfth year, every ten minutes per year

Related links: https://www.chia.net/faq