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Chia Community


Detailed introduction

Chia was registered and established in August 2017 to develop a cryptocurrency operating payment and settlement system and smart transaction platform to improve global financial and payment systems. Chia will become a blockchain platform that provides services to governments, financial institutions, and enterprises. Chia uses the first new Nakamoto consensus algorithm since Bitcoin. It is called “Proof of Space and Time” (Proof of Space and Time) and was created by Bram Cohen, the best network protocol engineer and inventor of BitTorrent. Chialisp is a smart contract language of Chia network based on the functional language Lisp, which is safe and simple, while allowing powerful and extensive functions. The applications running on the blockchain of the Chia network are designed to have functions suitable for banking, payment and financial applications. The main focus of our launch will be on core functions such as financial control, payment clearing and settlement, and the issuance of managed assets.