codephunkJan 29, 2023
#ChiaQuickFacts #XCH
Chia uses the novel Proof of Space and Time consensus. Participants of the network called farmers allocate their underutilized storage space to the network in a farming process. The naming implies that it is much more environmentally friendly than mining.
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The Chia proof of space construction is designed for efficient and quick verification of proofs, making the farming process very lightweight. HDDs being idle 99.7% of the time and only using 0.6 IOPS, and CPU utilization low enough even a Rasberry Pi can farm hundreds of terabytes of storage.

Here is a deep dive into #PoST by Bram Cohen himself: https://www.youtube.com/watch?v=vm6GBV9nQrs

Consensus Based on Proofs of Space and Time with Bram Cohen | a16z crypto research talks

YouTube
Jan 29, 2023 at 8:30pmWeb