Company Information

Get to know Chia Network

Founded in August 2017 by Bram Cohen, the creator of BitTorrent, Chia Network Inc. is the corporate steward of the Chia blockchain. The company's mission is to develop a more energy-efficient and enterprise-grade blockchain and smart transaction platform. Instead of the energy-intensive "Proof of Work" used by Bitcoin, Chia uses a "Proof of Space and Time" consensus mechanism that leverages unused hard drive space. This approach aims to create a "green" cryptocurrency, XCH. The company is focused on providing a secure, compliant, and user-friendly platform for real-world enterprise and government applications.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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Chia Network

United States

Founded in

15 Aug 2017 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.