chia

The advent of the internet has completely changed the way information and content are being proliferated and used. With the democratisation of knowledge, there has also come increased control and censorship from government and private institutions which seems to be increasing day by day.

Nonfungible tokens would be problematic without the validation and verification of copyright ownership in the NFT-minting process.

Examining the potential of green Bitcoin alternatives involves directing attention to newer consensus mechanisms. The Chia Network has developed a reputation of being environmentally friendly as it does not rely on the proof of work mechanism to secure the network. Built by BitTorrent creator Bram Cohen, Chia operates on a proof of space and time protocol that requires hard drives to plot blocks. SSD and HDD prices have soared amid early adopter hysteria.

Bitcoin (BTC), ethereum (ETH), filecoin (FIL), chia (XCH). These are among the most popular cryptocurrencies that have caught the attention of miners around the world.

Chia Network, the developer of blockchain and "smart transaction" platform with a cryptocurrency branded as a “green” alternative to Bitcoin (BTC), has reportedly caused a global shortage of hard discs, whilst its president Gene Hoffman denies the cryptocurrencies’ bad impact on the environment.