This crypto claims to be a 'green' alternative to bitcoin

A new crypto called chia says it’s the eco-friendly alternative. Like most digital currencies, chia runs on a decentralized ledger system known as blockchain. But unlike bitcoin, chia, which was founded by the inventor of BitTorrent, claims it has a much smaller carbon footprint with its mining process of verifying and recording transactions.Chia logged its first trades this week, joining a crowded crypto scene at a time of frenzied investor interest in alternative digital assets. What is chia?The Chia Network created the coin in 2017 with a focus on the environmental implications of digital currency “mining” — the highly specialized, energy-intensive computing process that creates new coins by solving

→ Continue reading at CNN - Business News

More from author

Related posts


Latest posts

This Week in Apps: Spotify debuts a Clubhouse rival, Facebook tests Audio Rooms in US, Amazon cuts Appstore commissions

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The...

This Versatile Bag is Made for All Summer Travel

From business trips to camping trips, the Rolo Roll-Up has you covered. Grow Your Business, Not Your Inbox Stay informed...

The housing market is on fire. The Fed keeps adding gasoline

Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by...