5 Takeaways From Chia Network’s New White Paper

On May 3, tokens stemming from the Chia network, a smart transaction blockchain created by the Bittorrent creator Bram Cohen, will start trading and transactions will be fully enabled. Rather than leveraging the proof-of-work consensus algorithm, Chia will utilize a model called proof-of-space which relies on storage. With Chia’s transactional launch pending, the project has sparked shortages over the demand for hard drives and solid-state drives (SSDs). Chia Network Fuels High-End Hard Drive and SSD Shortages Bram Cohen, the inventor of the popular torrenting application Bittorent....

During the last few days, the cryptocurrency community has been discussing the recent action taken by Craig Wright’s lawyers against web portals that host the original Bitcoin white paper. Recently letters were sent to a number of websites requesting the removal of the paper due to alleged copyright infringement. **Editor’s Update 1/21/21 @1:15 p.m. (EST): At some point during the day, the owner of the web portal bitcoin.org, Cobra, deleted his tweet (quoted below) concerning the locked white paper removal conversation on Github. The conversation was locked for being “too....

A guide to Chia Network: farming, building a rig, the hard drive deficit and the future of the project. Chia Network recently entered the cryptocurrency scene and has quickly piqued the interest of many miners and investors. There are several reasons for this: First, the Chia blockchain operates using a novel proof-of-space-and-time (PoST) protocol, which means that proof of the space used and time spent on the task is required to farm the cryptocurrency.Second, according to the creators of the currency, Chia (XCH) is an environmentally friendly coin and is not mined, rather it’s farmed,....

OKEx, a prominent crypto exchange and derivatives platform in the industry has announced the inclusion of Chia Network’s native crypto asset. The listing of XCH went live on May 3, enabling users to trade XCH/USDT and XCH/BTC trading pairs. A creation of Bram Cohen, known for inventing the BitTorrent Network, Chia Network is a highly […]

Thomson Reuters has published a white paper detailing the challenge for law enforcement with digital currencies and how they can be used for money laundering. The paper is mainly an educational article and serves as an introduction to the problem of money laundering and digital currencies. The paper starts by quoting the Financial Action Task Force (FATF), which is an international group involving 36 countries that money laundering is at the level of between two and five percent of global GDP, i.e. $1.38 trillion to $3.45 trillion. This is a rough estimate as, by the definition of the....