Market Status > Early development (1 to 2 of 2)

Chia Network

Market statusEarly development
Action (Smart Contract)?No
ApplicationA decentralized cryptocurrrency and blockchain with the goal to prevent wasting massive amounts of electricity to secure a blockchain and lessen (e.g. ASIC-powered mining) centralization
Traits (blockchain)Proof Stake and Proof of Time verification; Uses Bitcoin codebase
Date/TimelineICO and network launch planned for 2019


CategoriesLand Tenure
Market statusEarly development
Action (Smart Contract)?Yes
ApplicationIncentivizes farmers to maintain forest land by paying them interest funded by doners for every period of time that the forest land remains. If it is cut down, the caretaker loses their share.
Traits (blockchain)Will include a deep forest predication model which predicts areas of land most vulnerable to deforestations (and prices them higher)