Chia Network

Chia Network, Inc. is a state-of-the-art open-source decentralized blockchain, digital currency and smart transaction platform. Founded by Bram Cohen, inventor of BitTorrent, the Company believes that "digital money" should be easier to use than cash, harder to lose and nearly impossible to steal. Using the first new secure Nakamoto consensus algorithm invented since Bitcoin, Chia operates an eco-friendly, secure and user-friendly system for cross border payments, issuing and exchanging financial assets, lending, escrow payments, institutional custody and distributed identity. Chia's blockchain is based on "Proof of Space and Time" which has a significantly reduced carbon footprint compared to "Proof of Work," used by all other crypto networks. Built on Chialisp, the company's smart coin language, Chia's blockchain allows its users to build and execute secure "smart coin" transactions. The Company is funded by leading venture capitalists including Richmond Global Ventures, Slow Ventures, Andreessen Horowitz (a16z), Naval Ravikant, True Ventures, Cygni Capital, Galaxy Digital, Greylock, MetaStable, Stillmark, DCM, and others. Chia's advisors include Dr. Dan Boneh, Research Partner at a16z and Applied Cryptography Professor at Stanford University; David Frazee, Managing Partner at Richmond Global Ventures; Katie Haun, General Partner at a16z; Dr. Krzysztof Pietrzak, Cryptography Professor of IST Austria.