XCH

Chia price

XCH
|
3.2/5
TokenInsight
3.2
11/22/2022
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USD
USD
$30.7200
+0.85%
1h
24h
1W
1M
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Chia price live data

The current price of Chia is $30.7200. Since 00:00 UTC, Chia has increased by +0.85%. It currently has a circulating supply of 10,286,435 XCH and a maximum supply of 31,286,435 XCH, giving it a fully diluted market cap of $317.23M. At present, Chia holds the 114 position in market cap rankings. The Chia/USD price is updated in real-time.

Chia price performance in USD

Time periodChange amount%Chg
Today$0.26000 +0.85%
7 days-$2.2600 -6.86%
30 days$1.0400 +3.50%
3 months-$3.6000 -10.49%

Chia market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$30.3900
Last price $30.7200
24h high$31.0000
Heat index ranking
96
Market cap ranking
114
Market cap
$317.23M
Favorited rate
Percentage of users who favorited this asset to all users
5.14%
All-time high
$2,500.00
-98.78% (-$2,469.28)
May 4, 2021 (3 years ago)
All-time low
$20.4500
+50.22% ($10.2700)
Oct 14, 2023 (7 months ago)
ICO date
03/19/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
10,286,435 XCH
Market cap at circulating supply
Market cap = Circulating supply × Last price
$964.87M

About Chia (XCH)

Chia Network is an eco-friendly blockchain platform that is considered to be among the most decentralized blockchains. With hundreds of thousands of nodes, each carrying a copy of the blockchain's ledger, the network allows for quick propagation of information.

Its smart transaction model uses a simple yet powerful higher-level and innovative programming language called Chialisp in combination with a lower-level language called CLVM (ChiaLisp Virtual Machine). This simple model patronizes the writing of high-value and secure contracts.

The Chia blockchain follows a coin set model to keep track of the network's state. Each coin on the Chia network is locked with a Chialisp program and hashed to provide strong security to the blockchain. The Chia blockchain's major functions include processing financial transactions, running programs written in Chialisp, and minting tokens from XCH.

Chia uses the first and only Nakamoto consensus algorithm since Bitcoin, called Proof of Space Time (PoST), to validate transactions and store them in blocks. The PoST consensus is highly energy efficient and consumes low energy when compared to the Proof of Work (PoW) consensus.

XCH is the native currency of the Chia blockchain. It is a programmable currency that seeks to improve institutions and governments through financial innovations, increase the ease of cross-border payments, and design a new decentralized future.

XCH price and tokenomics

About 8 million XCH tokens are in circulation out of over 26 million existing tokens. XCH has no maximum supply, meaning an unlimited number of tokens can be created.

The considerable difference between the number of circulating and existing tokens can be explained by a substantial amount of them held in reserve by Chia Network Inc. Chia traders may redeem a portion of this reserve under pre-specified circumstances. Besides that, the funds in reserve are to be used in various ways, such as by rewarding Chia farmers (miners) with XCH tokens, providing grants to developers, buying back shares when they finally go public, and paying shareholder dividends.

Like Bitcoin, XCH follows a block reward halving schedule — the number of token rewards for successful miners halves over time. In Chia's case, block rewards began at 2 XCH and will be halved every three years until 2034.

About the founders

Chia was created by American computer programmer Bram Cohen, who also created the BitTorrent protocol — a communication protocol for peer-to-peer file sharing over the internet that is used globally.

Cohen intended to create Chia to provide a much less energy-intensive alternative to Proof of Work (PoW) and Proof of Stake (PoS) blockchains. He hoped that by eliminating the power consumption and centralization problems they pose, he could help make blockchain technology more environmentally friendly and sustainable.

Gene Hoffman was an advisor on the board of Chia Network before he took up the position of Director and COO of Chia alongside Cohen.

Chia highlights

World Bank climate warehouse development

Chia Network Inc. announced in late 2021 that it had been chosen to create a data-sharing prototype for the World Bank's Climate warehouse. The World Bank's climate warehouse, part of the World Bank's Carbon Markets and Innovation unit, was established to help countries meet pre-set carbon emission targets.

Helping the Costa Rican government track climate change

The Costa Rican government collaborated with Chia in late 2021 to create a platform to help it better manage its "climate inventory." Other countries will be able to use the platform for free. This collaboration was a significant step forward for Chia in pursuing more environmentally sustainable decentralized blockchain platforms.

Chia introduces the NFT1 Mainnet Standard

The NFT0 Beta Standard, released in May 2022, laid down Chia's vision for the future of non-fungible tokens (NFTs). By leveraging its sustainable, inclusive, and compliant blockchain, Chia seeks to improve the pain points of the NFT industry. The NFT1 Standard offers expanded functionality and scalability to drive digital ownership and enlarge NFTs' new use cases.

The NFT1 Standard allows creators and owners to tie their identity to the NFT and transaction history to establish the origin and source of the digital asset. It eliminates counterparty risk through its Chia Offers. Supporting multiple sources and cryptographic hash makes for easy publication and storage of the NFT digital files.

Chia makes it to Nasdaq's list of 15 environmentally sustainable cryptocurrencies to buy

Compared to the mining process used by PoW blockchains such as Bitcoin, Chia's hard drive-based farming process consumes less energy. As a result, Chia provides Bitcoin's security while consuming only 0.16% and 0.36% of Bitcoin's and Ethereum's annual energy consumption, respectively.

Additionally, with its circular drive initiative announced in 2021, Chia aims to reduce e-waste by promoting and enabling the secure reuse of storage hardware instead of shredding and disposing of used drives.

XCH FAQ

What is Chia?

Chia Network is a blockchain protocol that aims to facilitate the use of blockchains in a more sustainable and environmentally-friendly manner. It utilizes unused storage space rather than computing power to secure its network.

What is Chia Offers?

Chia Offers enable decentralized, peer-to-peer trading of assets on the Chia blockchain with no counterparty risk. Offers allow the seamless creation and acceptance of trade offers between buyers and sellers from the privacy of their Chia Wallet. This allows users to retain self-custody of their private keys and coins.

Where can I buy XCH?

Easily buy XCH tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include XCH/USDT and XCH/BTC.

You can also buy XCH with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for XCH with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into XCH, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

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