The first round of VC funding came from Greylock Partners, Andreessen Horowitz, and Naval Ravikant, totaling $3.4 million. This number makes it the largest PST network in the world.Īccording to Dealsroom, Chia raised a series of unverified seed funds from angel investors before approaching venture capital funds. Since its inception in 2017, the Chia network has grown to comprise over 100,000 nodes in over 20 countries around the world. We’ve researched each of the comparative coins and found that they have the potential to yield significant profit in the coming years. At the end of this guide, we’ll present some viable alternatives to Chia Coin. The goal is to present a four-year prediction of XCH’s value. In this guide, we will review past Chia Coin market performances and compare them to the present. Welcome to the definitive Chia Coin price prediction. Would the coming years see Chia Coin investors smiling to the bank, or would it send Chia Coin prices spiraling into the abyss? It’s gone from its all-time high of $1900+ to an all-time low of $26. However, despite its meteoric rise, the Chia Coin also turned out to be one of the few coins that’s witnessed a tremendous impact of price action over its lifetime. One breakout coin that took the industry by surprise is Chia Coin, which went from zero to more than $1900 in less than 3 years. Solana, Dogecoin, Litecoin, and Bitcoin Cash are some of the other coins that also rose to prominence. Ethereum, for example, grew from a lower market position to become the second most valuable coin in the industry. $4 to $8 million (varies)Įven though Bitcoin keeps asserting itself as the king of cryptocurrency, several other coins are also making headway in the crypto space. Upon completing a storage and recall cycle, the owner of the storage device is rewarded with a token.Ĭhia is praised as the first blockchain-based cryptocurrency to use the “proof of space and time” concept instead of the “proof of work” (POW) used by Nakamoto. It works by validating that data held on a certain part of a storage device exists and can be recalled when it’s needed. The Chia network uses the proof of space and time (POST) consensus algorithm concept. The company develops smart transaction platforms to provide utility for its decentralized cryptocurrency, $XCH. According to its documentation, Chia officially registered as a business entity in 2017 as Chia Network Inc. Chia Coin is the brainchild of Bram Cohen, the programming wizard behind the BitTorrent platform. Quick Background Of Chia Coinīefore jumping into the Chia Coin price predictions, let’s quickly review Chia Coin’s background and its price history. In this guide, we will review past Chia Coin’s market performance and compare it to the present.
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