Blockchain Chia Community stated on April 14 that it had submitted a proposed preliminary public providing (IPO) to america Securities and Trade Fee (SEC). The dimensions and worth vary of the providing haven’t been decided, the corporate stated. The proposal was submitted on a confidential foundation and the announcement was made underneath a rule within the Securities Act of 1933 to permit the publication of restricted data to gauge investor response.
The Chia Community is a decentralized good contract platform that makes use of a brand new consensus protocol relying on the info space for storing. He claims the community has decrease energy consumption than blockchains that use proof-of-work consensus and is ready to reuse worn-out storage {hardware}. Bram Cohen, founding father of BitTorrent created the Chia Community in 2017.
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