|All Time High:
|The price of #XCH today is $37.13 USD.
The lowest XCH price for this period was $0, the highest was $37.13, and the exact current price of one XCH crypto coin is $37.13238.
The all-time high XCH coin price was $1,714.
Use our custom price calculator to see the hypothetical price of XCH with market cap of BTC or other crypto coins.
|The code for Chia crypto currency is #XCH.
Chia is 2.8 years old.
|The current market capitalization for Chia is $21,290,742.
Chia is ranking upwards to #536 out of all coins, by market cap (and other factors).
|There is a large daily trading volume on #XCH.
Today's 24-hour trading volume across all exchanges for Chia is $22,406,568.
|The circulating supply of XCH is 573,374 coins, which is 100% of the total coin supply.
A highlight of Chia is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.
|XCH has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 15 crypto exchanges.
Chia Network Announces 2nd VDF Competition with $100,000 in Total Prize Money
A few months ago we wrapped up our initial VDF implementation competition and were amazed by the excellent quality of the submissions. The top three contenders each came in at under one minute (the reference implementation was 169 seconds). Five other teams also submitted implementations which were faster than the reference. All of the submissions were open-source, and can be found here. The award total was originally $100,000, but because of the hard work that all of the teams put into the competition, we decided to award $2,000 to each team who submitted an entry, bringing the total prize money awarded to $116,000. We are proud to announce a second competition, challenging entrants to improve on our new reference implementation. The second VDF competition will be split into two tracks:SIMD and GPU optimizations allowedSIMD and GPU optimizations not allowed This is to help us separate the different kinds of optimizations. We expect that the entries which use the optimizations allowed in track 1 will be faster, however there is no requirement for a track 1 submission to use those techniques. This means that all track 2 submissions are also eligible for submission to track 1. The winners of each track will receive $50,000. Individuals and teams are invited to join. Entrants will all have access to the specialized computers in Chia’s laboratory. Specifications of the reference hardware and further technical details are ava...
Building a Sustainable Blockchain, With Your Help
Decentralized, digital currencies will soon evolve from being a futuristic concept to a mainstream reality. They’ll offer liquidity to those who live in countries with poorly run or corrupt central banks, and offer a universal currency for streamlined financial transfers. Currency not tied to the banking system is an idea whose time has come. But like any new technology, digital coins bring new complications. The biggest thorn in this new wave of digital money? Sustainability. Most digital currencies, including bitcoin, are created by solving “proofs-of-work,” which means servers working at full capacity to solve complex equations. This “mining” process consumes vast amounts of energy, and is not ecologically sustainable. Creating digital coins has so far involved a trade-off: We can solve many of the world’s liquidity problems, but only if we harm the planet to do so. But we don’t need to accept a trade-off like this anymore, because there are better ways to create digital currency. We don’t have to mine coins with energy-guzzling equipment, because we can create, or “farm,” them with a method that’s secure, broadly distributed and environmentally friendly. Proofs of Space and Time Digital coins are created via consensus, a mechanism that is used in blockchain systems to achieve agreement on a single data value among distributed processes or systems. With bitcoin and other digital coins, this consensus...
Chia VDF Competition Round 1 Results and Announcements
Thank you to everyone who participated in the first round of Chia Network’s Verifiable Delay Function (VDF) competition. The round concluded on January 3rd, 2019 with many excellent submissions from the participants. The quality of the entries exceeded our expectations, and we’re happy that the competition format proved successful. The teams used a variety of approaches, contributed to interesting discussions on our Keybase channels, and massively improved upon our reference implementation. The entries are helping us learn a lot about how to create a better VDF. We’re excited to announce the results of Track 1 for this first round of competition (Track 2 will be announced after we review additional documentation submitted by the entrants): Track 1 1. bulaiden: 40.65 seconds 2. sundersoft: 46.13 seconds 3. akashnil: 53.25 seconds 4. pulledpork: 84.56 seconds 5. anonymous1: 88.58 seconds 6. pulmark: 112.89 seconds 7. psa: 128.80 seconds 8. anonymous2: 140.83 seconds Reference implementation: 169 seconds Passphrase for contest discriminants: chia until sweet pleasant full sleep Two Track 1 teams were disqualified: cryptoslava (six discriminants did not finish, but the four discriminants which did work ran in an average of 34.69 seconds), and poanetwork (working entry was submitted after the deadline, with average run time of 132.16 seconds). Because of all the hard work the teams put into the competition, in addition to ...
Chia VDF Competition Guide
Chia Network recently launched a three month long competition to create faster implementations of our proofs of time and get a better handle on its security requirements. The Verifiable Delay Function Competition (VDF, aka proof of time) is open to anyone, has $100,000 in total prize money, and is running until January 3rd, 2019. In the interests of making it as easy as possible to join the competition, this post gives an overview of the different tracks, as well as step-by-step instructions one how to submit an entry. The full details of the competition are available on our Github page. Purpose and Explanation The Chia consensus algorithm uses proof of space as its key resource. In order to create a secure consensus algorithm, however, proof of space is not enough. Attackers can grind on many possible solutions, or create a longer alternate blockchain, especially if they have a lot of computational power. To protect against these attacks, Verifiable Delay Functions are used to enforce real time between blocks. VDFs are deterministic functions which are non-parallelizable, and for which it’s possible to efficiently calculate short, easy to verify proofs. As long as an attacker can’t compute the VDF much faster than honest parties, the above attacks will not be practical. The VDF that Chia is using is repeated squarings (likely verified with a Wesolowski proof, but that isn’t part of this competition). This must be done...
The ASIC Resistance of Proof of Space
A recent podcast speculated quite a bit about the economics of Chia Network’s new proof of space and time consensus algorithm. Let’s discuss the assertion that there are optimizations in storage technology allow for the creation of specialized Chia farming hardware that costs an order of magnitude less than commodity disks. Even if it were possible to make such advantaged specialized hardware, it would likely be unprofitable to purchase storage solely for the purpose of farming. There’s $140 billion in storage capacity sold every year and a large fraction of that is unused and can easily be made to farm for Chia. Because Chia farming rewards will be much less than the replacement cost of that storage, work difficulty adjustment will make the reward per byte per day be substantially less than the amortized price of new storage. But even if all Chia farming hardware were purchased specifically for that use we believe the margin between specialized and unspecialized hardware will be within a factor of 2, and will explain why below. (Let’s set aside proof of time for now because that’s a different issue with a different set of dynamics and we are not at all claiming that there can’t be specialized hardware for that.) Some ground rules: The characteristics of a storage medium are:seek time,read rate,write rateprice per terabyte. Higher layer functionality of the file system such as inodes and indexing are a layer abo...
More Chia (#XCH) News
|Chia Network Files for IPO With the SEC, Eyes Public Listing
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing.Bittorrent Creator’s Chia Aims for an IPO
Bram Cohen's Chia network intends to go public and took a step in that direction on Friday, April 14, 2023, when the firm submitted a Form S-1 filing with the SEC. The blockchain and cryptocurrency project, launched in 2018, leverages storage for consensus through a mechanism called Proof of Space and Time (PoST), in contrast to Bitcoin's proof-of-work (PoW). PoST uses hard disk space as the foundation for its consensus algorithm. Chia's COO Gene Hoffman indicated that the company had been focused on an IPO since May 2021.
On April 14, Chia announced that it had confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for the proposed initial public offering of its common stock. Chia's move follows a number of crypto tokens being declared unregistered securities by the SEC. Chia has raised a total of $71.12 million and obtained $61 million in May 2021, in a Series D financing round led by Andreessen Horowitz and Richmond Global Ventures.
Chia's native token XCH rose 14.2% on the news, and during the past 24 hours, it has ...