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Launched in 2017 by the creator of BitTorrent, Chia aims to deliver a blockchain and smart contract ecosystem that builds on existing alternatives. More specifically, its goal is to strengthen the way the world’s payments infrastructure works, making it both more sustainable and more secure. Chia is open-source, and it encourages contributions from developers and the broader community-spanning research, peer review, translation, and more. This approach makes Chia a flexible blockchain that can be shaped by the users who interact with it.
XCH is the platform’s native token, and it operates as a utility token.
Chia relies on an original consensus system called Proof of Space and Time:
Proof of Space requires validators to demonstrate they have spare hard drive capacity that can be put to use. That surplus storage is then used to keep “plots,” which include cryptographic values that participate in the consensus mechanism. For added network protection, Proof of Space is paired with Proof of Time. Proof-of-Time creates blocks with the same time interval between each newly produced block. It depends on a Verifiable Delay Function to function, with the results checked by “timelords”. Only a single “timelord” must finish the block for it to be validated on the chain.Chia has created its own smart contract language, Chialisp. The language is designed to be powerful, secure, and approachable to work with. In practice, it provides an on-chain setting where application developers can build and run apps that match their specific requirements.
Additionally, the Chia network supports CATs, which stand for Chia Asset Tokens. CATs can be issued and/or exchanged directly on the blockchain. The system allows rules to be bundled with the coins, such as constraints related to minting. CATs can take multiple forms, including stable coins, tokens representing stock issuance, and voting shares.
XCH can be traded on the CEXs and DEXs shown on the list here. The most widely used venues with the highest liquidity are OKX, Gate.io, and Hoo. XCH’s trading price may differ based on the exchange you choose and broader market conditions. To see current and historical XCH market pricing, check the price charts on this page.
| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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