{"id":143790,"date":"2021-11-05T00:07:14","date_gmt":"2021-11-05T00:07:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143790"},"modified":"2021-11-05T00:07:14","modified_gmt":"2021-11-05T00:07:14","slug":"chia-network-price-xch-gains-over-35-team-announces-financial-innovation-summit-attendance","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/chia-network-price-xch-gains-over-35-team-announces-financial-innovation-summit-attendance\/","title":{"rendered":"Chia Network Price ($XCH) Gains Over 35%, Team Announces Financial Innovation Summit Attendance"},"content":{"rendered":"
Chia Network price ($XCH) is up over 36% today, setting a new all time high of $225 followed by a test of support at $217. Let’s see what all the hype is about and why Chia’s price is rising.<\/strong><\/p>\n Founded by Bram Cohen, the inventor of the BitTorrent network, the Chia Network is:<\/p>\n “A new blockchain and smart transaction platform that is easier to use, more efficient, and secure.<\/p>\n<\/blockquote>\n Chia has its own smart transaction programming language called Chialisp, making it easy to audit and secure applications released on the network.<\/p>\n <\/p>\n Moreover, what sets Chia apart is the fact that it uses a brand new Nakamoto style consensus algorithm that uses Proofs of Space and Time “PoST”.<\/p>\n The new algorithm utilizes unused disk space instead of using the energy intensive Proof of Work algorithms making it much friendlier to the environment that traditional cryptocurrencies.<\/p>\n For more information on Chia’s “PoST” algorithm I would highly recommend to check out their Green Paper.<\/p>\n The latest announcement on Chia Network’s official twitter is about an upcoming presentation by the team tomorrow at Bloomber’s Financial Innovation Summit.<\/p>\n Recently, we have seen several cryptocurrencies rise dramatically in price due to upcoming announcements about hosting \/ attending a major cryptocurrency convention.<\/p>\n For example, Smooth Love Potion ($SLP) the biggest gainer today increase over 50% in price amid their NFT.NYC presentation.<\/p>\n Another example is Rarible’s price, which went up 18% as the team announced and upcoming conference to be held on November 6-7 that they helped put together.<\/p>\n We can only speculate whether upcoming events and presentations are the cause for such price fluctuations. However, we can all agree that convincing a room full of investors that your project is worth it is a sure way to garner bullish momentum.<\/p>\n Follow us on twitter @nulltxnews to stay up to date with the latest cryptocurrency news!<\/strong><\/em><\/p>\n Originally Published on The VR Soldier<\/strong><\/p>\nWhat Is Chia Network?<\/strong><\/h4>\n
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Why Is Chia Network’s Price Rising?<\/strong><\/h4>\n