Green Paper On Eco-friendly Crypto Mining Released

A green paper that describes an eco-friendly means of mining cryptocurrencies has been released by Chia (a tech company located in USA). The paper explains, “Instead of using proofs of work, Chia alternates proofs of space with verifiable delay functions. This results in a chain than in many aspects is similar to Bitcoin, in particular, as in Bitcoin no synchronisation is needed and we can prove rigorous security guarantees assuming a sufficient fraction of the resource.”

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