How does Chia coin work?

The Chia blockchain comes up with its own random number, and the winning miner is the one who has the closest match . Chia describes this as “proof of space and proof of time” but essentially the more hard drive space you have, the more random numbers you own, and the greater your chance of winning.15 Tem 2021

Founded by Bram Cohen, the inventor of BitTorrent, Chia is a next-generation, open source blockchain that has been built from the ground up to meet the needs of the future of interconnected markets.

San Francisco-based Chia, created by BitTorrent founder Bram Cohen and which aims to reduce public blockchains’ energy dependency, raised $61 million in a Series D funding round at a valuation of $500 million last year.