WHAT IS CHIA-Nine Digits Technology Co., Ltd

WHAT IS CHIA

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Stability

There are more than 100,000 nodes running around the world, which is 3-4 times more than Bitcoin. It is even less vulnerable to attacks exceeding 51%.

Low energy consumption

Using hard disk space instead of computing resources for mining has lower energy consumption, is more in line with domestic data center standards, is easier to obtain a stable supply of power resources, has a policy sensitivity that is 3-4 times lower than that of coins, and is less susceptible to being exceeded. 51% attack

Proof of hard disk space (PoSpace) calculation

Using PoSpace computing to replace the traditional PoW computing is more environmentally friendly, more energy efficient, and the energy output is less than 1%

High security

Using a model without a central contract, hackers need to attack every user. In addition, multiple security mechanisms including multi-signatures, transaction locks, etc. are used.

Highly scalable

Architected and designed to easily scale and adapt to larger transaction volumes and user needs

Chia is a disk storage-based blockchain project created in 2017 by Bram Cohen (one of the founders of the BitTorrent protocol) with lower energy consumption, higher efficiency, and stronger security.

CHIA TARGET

Officially positioned as a software company, it adheres to the nature of decentralization and aims to have a legal and compliant IPO.

01.

Decentralization

As the Bitcoin network slowly expands, huge energy consumption and waste occur, while mining pools control a large amount of computing power. Mining equipment ranges from ordinary home computer CPUs to GPUs and now to ASIC chips. Bitcoin is getting further and further away from the original intention of decentralization. Chia aims to create a decentralized blockchain project that is low energy consumption, easier to use, safer, more decentralized and accessible to everyone.

02.

IPO

On April 14, 2023, Chia Network announced that it had submitted a draft registration statement on FORMS-1 to the U.S. Securities and Exchange Commission (SEC) in connection with the proposed initial public offering (IPO) of its common stock. The IPO is expected to begin after the SEC completes its review process, subject to market and other conditions

CHIA ECOLOGICAL

Low-carbon sustainability gives Chia wider application prospects in many fields

01.

carbon emission

The World Bank chose to cooperate with CHIA to build a carbon emissions exchange. On April 28, 2023, the first publicly certifiable carbon offset transaction was completed on the Chia chain.

02.

WEB3 games

CHIA Trading Card Game (CHIATCG) is an open source, proof-of-concept Web3 game that serves as a reference product to support game developers in adopting and jump-starting their journey with CHIA technology.

03.

NFT

Since CHIA launched the NFT1 standard in June 2022, the number of transactions has exceeded 83K, and the transaction volume has exceeded US$2.1 million.

CHIA ANALYSIS

It is expected that by 2025, the global Chia mining market will reach more than 5 billion US dollars

01.

Macro perspective

As the US dollar interest rate hike cycle comes to an end, the cryptocurrency market has emerged from the bear market trough. As good news comes out frequently, more investors begin to pay attention to and purchase cryptocurrencies, and market activity increases.

02.

Micro perspective

The Chia market has now passed the price trough, and there is huge potential for price retracements and increases in the future. The current price is $39, and the market value is $1.068 billion; the highest price in history is $2486.6, and the lowest price is $39. The price is $26.08, an increase of 6275.9% from the highest price, and a decrease of 33.1% from the lowest price.