codephunk
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I like cats, computers and $XCH | #BLM | Proving Space & Time on a Raspberry Pi since 2021
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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
#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.
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.
Did you know that a second Nakamoto consensus besides BitCoin's Proof of Work exists?
It is called Proofs of Space and Time (#PoST) and uses a fraction of the energy #BitCoin uses while maintaining the same level of security.
It is created by Bram Cohen, who also developed #BitTorrent.
This is an absolutely horrible situation.
#Chia has native clawback mechanisms that would have made it possible to return these stolen funds. Its custody solutions are generally pretty awesome and worth a closer look. #XCH @lukedashjr
More at https://www.chia.net/2022/10/29/a-new-home-for-the-prefarm/
A New Home for the Prefarm - Chia Network
All 21 million XCH in Chia’s prefarm have been moved to four custom-built custody wallets. Why design new wallets from scratch? Existing web3 custody solutions rely on simple multisig contracts that can be drained of their funds in the event of a minor security breach. We knew we could do better. Chia’s custody solution uses […]
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