You can get Chia Netowrk (XCH) Coins by:
- Buying Chia Network (XCH) on cryptocurrency exchanges
Chia is using the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, Bram Cohen created Proof of Space and Time. Chia’s new innovative Nakamoto consensus algorithm removes the energy demands of Proof of Work from the system, making it energy efficient and operates on high-speed storage instead of power-hungry graphics cards.
Create Wallet First
To get started farming, You'll need to create a new private key to get activated, do not use any private key that you found on the internet, or anyone else on the web can steal any coins that you have farmed. Once ready, screenshot or write down your 24-word mnemonic because that is the only way to regain access to your wallet if your computer fails. Keep this in a safe and secure location!
To proceed with farming Chia, you must have unused storage space and enough storage capacity on your hard disk drive (HDDs) or solid-state drives(SSD). Chia blockchain users will "seed" unused space on their hard disk drive (HDDs) or solid-state drives(SSD) by installing software that stores a collection of cryptographic numbers on the disk in the form of "creating plots."
These individuals are referred to as "farmers." When the blockchain broadcasts the next block's challenge, farmers can scan their plots to see if they have the hash that is closest to the challenge. The probability of a farmer winning a block is determined by the percentage of total space that a farmer has compared to the entire network.
You can farm Chia (XCH) on different platforms such as:
- Raspberry pi 4
- Windows Operating Systems
- Linux Based Systems
- Raspberry Pi 4
- MAC OS
Buying Chia in crypto exchanges
You can buy the Chia Network (XCH) cryptocurrency on the following trusted exchanges:
- Houbi Global with a ticker pair symbol of XCH/USDT
- XT.COM with a ticker pair symbol of XCH/USDT
- Gate.io with a ticker pair symbol of XCH/USDT
- OKEx with a ticker pair symbol of XCH/USDT
- HitBTC with a ticker pair symbol of XCH/USDT
About Chia Network
Chia Network is a blockchain startup founded in August 2017 to create a better blockchain and smart transaction platform. Chia Network was created by Bram Cohen, the inventor of BitTorrent. It also includes executive leadership from Gene Hoffman, the former founder and CEO of eMusic.com and Vindicia, and Mitch Edwards, the former acting CEO of Overstock.
The Chia blockchain was built to improve the global financial and payment systems; Chia is the world's first enterprise-grade digital money. It aims to operate an eco-friendly, more secure, and user-friendly payment system for cross-border payments, issuing financial assets, lending, escrow payments, institutional custody, and distributed identity.
Chialisp is Chia's new smart transaction programming language that is powerful, easy to audit, and secure and will unlock the security, transparency, and ease of use that cryptocurrencies promise.