Chia COO Explains What the New Eco-Friendly Crypto is All About

Chia COO Explains What the New Eco-Friendly Crypto is All About
GOBankingRates
1 day ago
Yaёl Bizouati-Kennedy
© Nuthawut Somsuk / Getty Images
Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple.
Move over Bitcoin and Doge, there’s a new crypto in town. Chia, which was founded in 2017, has a key differentiator from other ones — it is said to be eco-friendly.
Bitcoin has faced backlash for a while because of its enormous carbon footprint. According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin currently consumes around 110 Terawatt Hours per year — 0.55% of global electricity production — which is roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden, the Harvard Business Review reports.

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