
Chia Network Set to Launch Peer-to-peer Exchange Service, XCH Price Up 10%
Chia says it will realease a peer-to-peer product for wallet holders and also launch a USD stablecoin with help from Stably.
Chia says it will realease a peer-to-peer product for wallet holders and also launch a USD stablecoin with help from Stably.
Chia (XCH) price is down approximately 84% since hitting its all-time high of around $1,645.
Backblaze found out that maintenance of 150 petabytes capacity disks would cost $175,000 every week.
Regardless of its troubles, executives at Chia Network revealed last month that, the company planned to go public through an initial public offering (IPO) or a special purpose acquisition company (SPAC).
Chia Network’s IPO is expected to clarify its regulatory environment and protect customers from market volatility by allowing them to use currency.
Chia coin price went up as Sabrent unveiled new plotting options which will potentially improve hard disk resilience and help plotter better manage the damage attributed to XCH mining.
It is essentially clear that the mining of Chia coin comes with its own challenges, even though it takes less energy compared to Bitcoin as it is based on the Proof-of-Stake (PoS) model.