Current Chia (XCH) Market Status
As of the latest data:
- Real-time Chia price: $9.86
- 24-hour trading volume: $1,694,706
- Price change: +3.55% (24h) / -0.41% (7d)
- Market capitalization: $142,139,608 (Rank #192)
- Circulating supply: 14,411,726 XCH
The current Chia price sits:
- 99.49% below its all-time high
- 61.16% above its all-time low
👉 Track live XCH price movements
Understanding Chia Network (XCH)
Technology Overview
Chia Network is an open-source Layer-1 blockchain designed to bring eco-friendly solutions to cryptocurrency. Key features include:
Chiaslip Programming Language
- Secure LISP-like language
- Enables advanced smart contract functionality
- Facilitates instant simultaneous transactions
Proof-of-Space-and-Time (PoST) Consensus
- Combines Proof-of-Space (PoS) and Proof-of-Time (PoT)
- Energy-efficient alternative to traditional mining
- Farming process replaces energy-intensive computations
How PoST Works
| Component | Function | Requirement |
|---|---|---|
| Proof-of-Space | Solves challenge numbers | Available hard drive space |
| Proof-of-Time | Verifies block intervals | Sequential computation via VDF |
Foundational Team
- Founder: Bram Cohen (BitTorrent creator)
- Established: 2017
- Mission: Sustainable blockchain solutions
XCH Token Utility
- Network rewards for farmers
- Fast transaction medium
- Governance participation
- Protocol development funding
👉 Learn about eco-friendly crypto investments
XCH Tokenomics
- Total supply: Unlimited (21M pre-farmed at launch)
- Block reward: 64 XCH every 10 minutes
- Halving schedule: Every 3 years for first 12 years
- Post-2035 reward: 4 XCH per 10 minutes
- Projected 2043 inflation: <0.50%
FAQ: Chia Network Explained
1. How is Chia different from Bitcoin?
Chia uses hard drive space instead of computational power, making it significantly more energy-efficient.
2. What equipment do I need to farm XCH?
You'll need available hard drive space (plots) rather than specialized mining hardware.
3. Where can I buy XCH?
Major exchanges include Binance, KuCoin, and Kraken. Always verify current listings.
4. Is Chia truly eco-friendly?
Yes, PoST consensus consumes ~0.16% of Bitcoin's energy usage for equivalent operations.
5. Why does Chia have unlimited supply?
The design ensures ongoing incentives for farmers while maintaining low inflation long-term.
6. How often are block rewards distributed?
Every 10 minutes, with rewards halving every 3 years initially.