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Chia Network Revolutionizes Blockchain with Energy-Efficient PoST Mechanism

The Chia Network (XCH) is a layer 1 blockchain that stands out for its unique approach to energy efficiency and security. Launched in 2021, Chia Network utilizes a custom-designed programming language called Chialisp and a novel consensus mechanism known as proof-of-space-and-time (PoST). This combination allows the network to operate with reduced energy consumption while maintaining robust security protocols.

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Founded in 2017 by Bram Cohen, the creator of BitTorrent, Chia Network has garnered significant attention in the cryptocurrency space. Backed by a seasoned management team and prominent venture capitalists like Andreessen Horowitz and Galaxy Digital, the project raised $61 million in funding in 2021.

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Unlike many other blockchains, Chia Network operates as a public, for-profit, open-source company with aspirations of being listed on major stock exchanges like NYSE or NASDAQ. The network is designed for enterprise use, and plans are in place to have XCH listed on its balance sheet upon achieving a stock exchange listing.

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Chia Network’s unique consensus mechanism combines proof-of-space with proof-of-time to achieve Nakamoto consensus in an energy-efficient manner. Miners are required to allocate unused storage on their hard drives for solving cryptographic challenges, while the network documents time passage through Verifiable Delay Functions.

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One of Chia Network’s distinguishing features is its programming language, Chialisp, which is smart contract-compatible and draws inspiration from Ethereum and Bitcoin Core. By incorporating Bitcoin’s UTXO model, Chia Network enables faster and more energy-efficient transactions compared to traditional blockchains.

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As of June 15, 2025, the circulating supply of XCH stands at 14,411,726 coins out of a total supply of 32,999,582. The network follows a structured farming reward schedule, gradually decreasing the rate of new coin creation over time to control inflation and maintain network stability.

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In terms of governance, Chia Network diverges from the decentralized autonomous organization (DAO) model favored by many cryptocurrencies. Instead, it operates as a traditional joint-stock corporation, with plans to list its equity on a stock exchange to align incentives effectively and ensure sustainable growth.

Chia Network (XCH) is available for trading on various platforms including Huobi, Gate.io, Uniswap, KuCoin, and OKEx. Its energy-efficient approach and innovative features have positioned it as a promising player in the blockchain space, offering a viable alternative to traditional proof-of-work and proof-of-stake models.

With a focus on sustainability, security, and enterprise adoption, Chia Network represents a significant evolution in blockchain technology. As the project continues to grow and expand its ecosystem, it remains a key player to watch in the ever-evolving landscape of cryptocurrencies.

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