Wednesday, November 8, 2017

BitTorrent inventor announces eco-friendly bitcoin competitor Chia

A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. And considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously. Cohen has just started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage

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