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.

Founded in

United States