BitTorrent inventor announces eco-friendly bitcoin competitor Chia

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 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. Cohen has started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Read More
Source: Tech Crunch Startups | BitTorrent inventor announces eco-friendly bitcoin competitor Chia

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