Founded in August 2017 by Bram Cohen, the inventor of BitTorrent, Chia Network Inc. is a technology company focused on building a better blockchain and smart transaction platform. The company's mission is to provide an enterprise-grade digital currency that is more decentralized, efficient, and secure. Chia's blockchain utilizes a novel consensus algorithm known as "Proof of Space and Time" (PoST), which consumes significantly less energy than the "Proof of Work" (PoW) model used by Bitcoin, earning it the "green" or "eco-friendly" label. The company also developed Chialisp, a new, secure, and auditable on-chain programming language for creating smart transactions. Chia Network aims to support global financial and IT systems by providing a platform for real-world applications and services.

Founded in

United States